Category Archives: Bitcoin (BTC)

According to a Thursday report by the Financial Times, Chicago-based futures exchange CME Group is on track to launch Bitcoin spot trading due to growing demand.   It is unclear when spot Bitcoin trading will become available on the exchange since the plan is yet to be finalized.  It is worth noting that CME Group has […]

Millennium Management, one of the top hedge funds, now has more than $2 billion worth of Bitcoin ETFs, according to Eric Balchunas, Bloomberg’s chief ETF analyst.  It has acquired shares from BlackRock’s IBIT, Fidelity’s FBTC, Grayscale’s GBTC, and other products.   The hedge fund, which was founded by American billionaire Israel Englander, is now at the […]

Cover image via youtu.be Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial […]

Cover image via youtu.be Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial […]

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial […]

During his appearance at the Qatar Economic Forum, American-Canadian financier Robert Friedland slammed Bitcoin mining as an “energy obscenity.” “Huge amounts of energy being sort of used up for nothing,” Friedland said. According to the most recent data, Bitcoin consumes more energy than the entire state of Utah (or roughly 2% of U.S. electricity consumption).    “A lot […]

MicroStrategy co-founder Michael Saylor has taken to the X social media network to celebrate the cryptocurrency industry’s recent Senate win.  “Wall Street wants Bitcoin, the House of Representatives wants Bitcoin, and now the Senate wants Bitcoin,” he posted on the X social media network.  Earlier this Thursday, the Senate voted 60 to 38 to kill the […]

In a surprising move, the former CEO of Binance, CZ, has resurfaced on social media to remind everyone of a Bitcoin (BTC) prediction he made five years ago. CZ, who is currently serving a four-month prison sentence in the U.S., referred to a 2019 post where he predicted significant changes once Bitcoin’s price surpassed $8,000.  Related With […]

Bitcoin, the leading cryptocurrency, is trading in lockstep with technology stocks once again, according to a Friday report by Bloomberg.  The 90-day correlation between the flagship cryptocurrency and the tech-heavy Nasdaq 100 index has reached 0.46, the highest level in almost a year.  The increasing correlation undermines the portfolio diversification narrative that is frequently being pushed […]

Peter Schiff has expanded the list of Bitcoin obituaries by declaring that the largest cryptocurrency is already dead despite the fact that it is trading close to its record high. The doom-laden claim is based on the fact that Bitcoin has greatly underperformed silver since April (2% and 21%, respectively). Schiff has added that Bitcoin […]