Jersey City Mayor Steven Fulop has announced a plan to allocate a portion of the city’s pension fund to Bitcoin exchange-traded funds (ETFs). This move revealed in a social media post on July 25, signals a significant shift in the city’s financial strategy for including cryptocurrencies. Currently, the Jersey City
Senator Cynthia Lummis of Wyoming is reportedly preparing to unveil groundbreaking legislation at the upcoming Bitcoin 2024 conference in Nashville, aiming to elevate Bitcoin to a strategic reserve asset on par with gold. This move could change U.S. monetary policy and significantly elevate Bitcoin’s status in the financial landscape. The
In a significant update for the cryptocurrency community, Kraken announced the successful distribution of Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors affected by the Mt. Gox hack nearly a decade ago. The now-defunct exchange’s long-awaited fund recovery process has been facilitated by Kraken, alongside Bitstamp and other partners. On
Monday saw the biggest net inflow of $526.7 million for BlackRock’s IBIT, the biggest spot bitcoin exchange-traded fund by net asset value, since March 13. Net inflows of $533.57 million were recorded by ten U.S spot bitcoin ETFs yesterday, with the exception of Bitwise’s BITB, as reported by SoSoValue. Following
Bitcoin bulls have had a tumultuous week, breaking the $65,000 resistance after nearly a month and reaching a 41-day high of $68,474 yesterday. This peak came just hours before US regulators approved spot Ethereum exchange-traded funds, a move expected to impact the market positively. However, Bitcoin has declined 1.46% in
Investors are keeping a careful eye on Bitcoin’s performance as it separates from conventional markets, thanks to its recent price spike. As the United States approaches its forthcoming crypto-focused election, the crypto asset seems to have broken free from the S&P 500 and is creating quite a stir. The recent
According to the most recent data from CoinShares, global crypto investment products at asset managers saw net inflows of $1.35 billion last week, marking the third consecutive week of positive activity. As optimistic sentiment persists, the run increases the total net inflows since July 1st to $3.2 billion, according to
This week began on a bullish note, as Bitcoin (BTC) price maintained its price momentum above $65K. In the past 24 hours, the largest crypto went over $68K, with a spike of 0.52%. Notably, this optimistic momentum comes along with the happenings within the US political scene. The unexpected announcement
Japanese investment firm Metaplanet purchased an additional 20.381 BTC, worth 200 million yen (approximately $1.4 million) on Monday. With this recent purchase, the firm has achieved the goal of purchasing 1 billion yen worth of Bitcoin (BTC). The company acquired Bitcoin at an average price of 9,813,061 yen per BTC.
The cryptocurrency market has experienced significant volatility since the beginning of July, with a recent downturn following a short-lived recovery. In the past week, several altcoins that had previously hit yearly lows managed to reach monthly highs, breaking through long-awaited resistance levels. Notably, Bitcoin (BTC) surged to a 27-day high
