In recent days, Bitcoin’s price has experienced minor fluctuations, leaving investors on what some might call a “boring rollercoaster ride.” This type of market activity is often referred to as a “crab market,” where prices move sideways with little significant change, or “pvp,” a term indicating a “player versus player” scenario where traders compete without much […]
Category Archives: Coins
The U.S. Securities and Exchange Commission is expected to either approve or reject spot Ethereum exchange-traded funds (ETFs) this week. The last deadline for the SEC to decide on VanEck’s application is set for May 23. The proposal jointly filed by Cathie Wood’s investment management firm ARK Invest and ETF issuer 21Shares will get its verdict […]
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Michael Saylor, cofounder and executive chairman of MicroStrategy, is facing some tough questions after cosigning on the idea that the U.S. government should buy Bitcoin in quantity matching its substantial gold reserves. This idea, first put forward by Robert F. Kennedy Jr., was shared by Saylor on social media, prompting some raised eyebrows and criticism […]
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The state pension fund of Michigan, the tenth largest U.S. state, has invested $6.6 million in Bitcoin, the leading cryptocurrency, through the ARK 21 Shares Bitcoin ETF (ARKB). Following the approval of Bitcoin ETFs, institutional investors have become more comfortable with dipping their toes into the newfangled asset class. As reported by U.Today, MicroStrategy CEO […]
In the latest weekly review of fund flows by CoinShares, digital asset investment products experienced a significant increase in inflows, totaling $932 million. This represents a 716% rise from the previous week’s $130 million. The notable surge followed a lower-than-expected CPI report on Wednesday, with the last three trading days of the week, contributing 89% of […]
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Jan
Bitcoin nemesis Peter Schiff accidentally endorsed the leading cryptocurrency in a recent social media post on the X platform. Schiff pointed to the results of his most recent poll, which shows that 87% of Bitcoin holders would still refrain from selling the leading cryptocurrency even if its price were to crash by as much as 99%. […]
Bloomberg analysts James Seyffart and Eric Balchunas have increased the odds of spot Ethereum approval to a whopping 75% in what appears to be a last-minute reversal. According to Balchunas, there is some “chatter” that the SEC might be doing a 180 on this issue (which might be due to political pressure). Prior to this, the […]
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According to data provided by Santiment, Bitcoin is currently experiencing its highest bullish sentiment in more than a year based on the ratio of positive and negative comments. On Sunday, the price of Bitcoin surged to $69,404, the highest level since June 12. However, it has since pared some of its gains, currently trading at […]
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Edward Snowden, known as a former U.S. security official, has raised critical concerns about the privacy vulnerabilities of Bitcoin (BTC) transactions. Thus, he refuted the popular perception of their complete anonymity, placing particular emphasis on the serious privacy risks. In his speech during the past Bitcoin conference, Snowden explained that most transactions on the Bitcoin network can […]