Bitcoin (BTC) is down by 5% from the week’s high set at $29,900, as it currently sits at the $28,250 level. A false report that a BlackRock Bitcoin ETF had been approved caused the asset’s price to surge 10% in minutes, allowing it to reach the July 2021 low-day closing price of $29,900. Despite its […]
TL;DR Former SEC Chair Jay Clayton believes a spot Bitcoin ETF approval by the SEC is “inevitable,” noting high demand from both retail and institutional investors. Bitcoin price spiked on a false alarm of SEC approval; real approval could drive substantial institutional investment similar to the impact of gold ETFs on the gold market. The
Spot Bitcoin ETF is Inevitable: Jay Clayton (Throwback Thursday) Read More »
Bitcoin Prices Retain Strength After Binance.US Halts Dollar Withdrawals BTC/USD Chart (Coinbase)/ Source: TradingView Bitcoin prices have retained their strength today, managing to achieve relative stability in spite of the latest news that Binance.US has stopped its customers from directly withdrawing the U.S. dollar. Yesterday, the exchange updated its terms of use. The updated terms
Bitcoin Prices Retain Strength After Binance.US Halts Dollar Withdrawals Read More »
Bitcoin’s price fluctuates rapidly following a false announcement about BlackRock’s ETF approval, resulting in $100 million in trading liquidations.Image by pla2na, Adobe Stock Today, Bitcoin’s price experienced a swift rise from $27,900 to $30,000 following a false announcement regarding BlackRock’s Bitcoin spot ETF approval. The misleading information, originally shared on social platform X, led to
Bitcoin Price Spikes Following Fake BlackRock ETF Announcement: $100 Million Liquidated Read More »
As the BTC/USD pair exhibits a modest +0.25% gain, trading today at $26,916, the crypto community buzzes with speculation and optimism. Driving this uptrend is the SEC’s recent approval of Grayscale’s Bitcoin ETF, a significant nod that has undoubtedly propelled BTC prices upwards. Furthermore, the digital currency’s surge is being bolstered amidst an environment of
Bitcoin’s Layer 2 Lightning Network has witnessed a 1,212% growth in just two years. In August 2023, the network recorded approximately 6.6 million routed transactions, a substantial increase compared to the 503,000 transactions observed in August 2021, according to River’s Bitcoin-only exchange data. Surprising Growth Amidst Market Challenges River’s research analyst, Sam Wouters, shed light
Bitcoin Lightning Network Growth Surges by 1,200% in 2 Years Read More »
Bitcoin, the flagship cryptocurrency, seems to be showing signs of resilience. After its recent price plummet, BTC has managed to bounce off from its bottom, trading today at $26,919 – a slight uptick of 0.53% in the last 24 hours. This brings the overall live market cap of Bitcoin to a robust $525.29 billion. Current
Bitcoin Price Prediction as BTC Bounces from Recent Bottom – Is a Trend Reversal Near? Read More »
The price of bitcoin followed the recent trends in the rest of the crypto market and slumped below $27,000 to mark a two-week low. Most altcoins have calmed after several consecutive days of freefall, with some even posting minor gains. BTC Down to 2-Week Low It was about ten days ago, or before the start
Bitcoin Price Drops to 2-Week Low as Hamas-Israel Conflict Intensifies (Market Watch) Read More »
In the wake of the Federal Open Market Committee’s (FOMC) recent assertive commentary, Bitcoin price experienced a near 3% dip. The central narrative hinged on the minutes from the Federal Reserve, wherein policymakers underscored the necessity for restrictive policy measures to persist for an extended period. Their consensus revolved around the essence of treading cautiously,
Bitcoin (BTC), the most valuable cryptocurrency in the world, could not break the $28,000 mark over the weekend, showing sluggish movement. The ongoing Israel-Hamas conflict is largely to blame for this, as investors are exercising caution and taking a wait-and-see approach before making significant investment decisions. It’s important to note that the total value of
