As the expiration date approaches for significant Bitcoin (BTC) and Ethereum (ETH) options contracts, the cryptocurrency market braces for potential volatility. With 96,000 BTC options and 990,000 ETH options set to expire, valued at $6.2 billion and $3.1 billion respectively, traders are closely monitoring market dynamics. The Put Call Ratio
Investors have been quite pessimistic about the Grayscale Bitcoin Trust (GBTC) for an extremely long time now. Senior ETF Analyst Eric Balchunas of Bloomberg confirmed that this 72-day period is the longest in the history of global ETF funds. Since January, when the United States government approved the introduction of
At auction, a yellow notebook with the words “Buy Bitcoin” sold for sixteen Bitcoin, or more than one million dollars. This notepad was displayed behind then-United States Federal Reserve Chair Janet Yellen at a congressional hearing in 2017. The successful bidder on the Bitcoin auction platform Scarce City went by
Since spot Bitcoin ETFs were established in the U.S in January, BlackRock iShares Bitcoin Trust (IBIT) saw its first day of zero inflows. In the seven days after its opening on January 11th, IBIT has amassed almost $15.5 billion in investment capital, with daily investments totaling millions of dollars. On
Bitcoin (BTC) fails to maintain its momentum within the $66K-$67K range, noting over 3.7% decline. This drop in its price is influenced by the news of the US DOJ arresting the founders of Samourai Wallet. Following the Bitcoin Halving on April 19th, the king of crypto gradually rebounded back into
The comment by prominent investor Peter Schiff that Bitcoin, the most valuable digital asset by market cap, would not be able to maintain its psychologically significant support level of $60,000 has started trending. The Bitcoin skeptic began his piece by assuming that the recent decline in gold prices has ended.
As part of its efforts to encourage wider adoption of cryptocurrencies, Bitcoin payments platform Strike has revealed plans to expand its services to clients in Europe. The business announced the expansion to qualified European consumers in a recent announcement. In an effort to bring more people in Europe into the
Block, Jack Dorsey’s digital payments company, has completed development of a three-nanometer Bitcoin mining chip. The company is now working with a top global semiconductor foundry to finalize the design of the chip. Block mentioned: “With our design showing competitive performance, we are proceeding with the full tapeout. Our mining
Following last week’s selling pressure, Bitcoin (BTC) mounted a robust comeback over the past weekend, rising as high as $66,000. Evidently, experts are keeping an eye on Bitcoin to see whether it will soon experience strong momentum in one way or the other. There is considerable upward pressure from here
Even after the latest halving event, Bitcoin skeptic Peter Schiff continues to criticize the cryptocurrency. Schiff draws attention to the problems with Bitcoin that, in his opinion, are the cryptocurrency’s most basic function. The enormous rise in the cost of making a Bitcoin transaction—now at a whopping $128—is his main
