Category Archives: Bitcoin (BTC)

According to reputed analyst Eric Balchunas, T-REX 2X Long MSTR Daily Target ETF (MSTU) is already up an impressive 225%.  The product, which was launched just six weeks ago, already has roughly $1 billion in assets under management.  MSTU had a rather successful start with more than $70 million worth of inflows during its very […]

On Tuesday, Bitcoin, the bellwether cryptocurrency, hit $71,500, the highest level since early June.  The flagship cryptocurrency is now up roughly 12% this month, with “Uptober” living up to its name.  According to cryptocurrency analytics CryptoQuant, the current rally is being led by whales on the Binance exchange, which is seeing steady inflows of US capital.  […]

In a recent post, Robert Kiyosaki, author of the best-selling book “Rich Dad, Poor Dad,” shared some insights on how money reveals true character. The gist of his message was that wealth makes your existing traits more obvious.  So whether you are greedy, kind or intelligent, those traits will be spotlighted when you have more resources. […]

Banker and financial expert Peter Schiff, a well-known critic of digital assets, took to social media to highlight that gold is trading near a record high, just shy of $2,760. However, he noted that Bitcoin (BTC) has surpassed $71,000, implying that gold’s performance may be overlooked in light of Bitcoin’s resurgence. In response, Sean Ono Lennon, son […]

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It looks like U.S. spot Bitcoin ETFs are about to hit a major milestone, as Bloomberg’s Eric Balchunas thinks that Bitcoin held by these funds could cross the one million BTC threshold by next Wednesday. This means that ETF issuers could overtake Satoshi Nakamoto’s alleged 1.1 million BTC holding by mid-December – a huge moment for the […]

The price of Bitcoin has surpassed C$100,000 for the first time, according to data provided by the Kraken exchange.  The Canadian dollar recently gave up some ground against its US counterpart following a 50-basis point rate cut implemented by the Bank of Canada on Oct. 23. At press time, it is trading at 72 cents.  […]

According to data provided by cryptocurrency analytics firm CoinGlass, $223.21 million worth of short positions were liquidated over the past 24 hours. They account for the lion’s share of the $255 million worth of positions that have been wiped out. Overall, as many as 60,427 traders have been liquidated. The largest single liquidation order is as […]

Bitcoin’s market dominance has now surpassed the 60% level for the first time since early April 2021, according to data provided by TradingView. Its market cap currently stands at $1.43 trillion.  The cryptocurrency’s market share is up nearly 17% since the start of the year.  It has surged by nearly 5% during this October alone, with […]

ETF issuer Defiance ETFs has amped up leverage for its MicroStrategy ETF to 2X, according to a recent announcement.  According to ETF analyst Eric Balchunas, this means that the ETF will be able to offer 4x Bitcoin exposure.    Related Sylvia Jablonski, CEO of Defiance ETFs, has stated that the company recognized the “importance” of providing […]