The US Securities and Exchange Commission (SEC) has reportedly told exchanges Nasdaq and Cboe that recent filings for spot Bitcoin (BTC) exchange-traded funds (ETFs) from asset managers including BlackRock and Fidelity were not “clear and comprehensive” enough. Bitcoin ETFs In Jeopardy? The SEC has rejected several Bitcoin ETF filings in recent years due to concerns…
Still recording some green on small timeframes, the price of Bitcoin has remained above $30,400. Despite the recent selling pressure across the sector, the support around this level held, providing bulls a chance to fight back. As of this writing, Bitcoin trades at $30,458 with sideways movement in the last 24 hours. The previous week,…
Bitcoin’s (BTC) recent performance has been a source of concern for its investors, as the world’s largest cryptocurrency struggles to maintain its upward trajectory. While the currency recently recorded a 12-month high slightly above $31,000, it is now facing potential profit-taking as miners signal a massive $128 Million move. Bitcoin Bulls Brace For Impact According…
The crypto community is currently in a state of constant speculation as renowned analyst Willy Woo sets forth a prediction suggesting Bitcoin could potentially scale up to a price of $310,000 under a specific set of circumstances. Woo’s hypothesis, which has sparked a flurry of discussions in the crypto community, is hinged on an assumption…
Data shows the stablecoin market cap has returned toward equilibrium and may be gearing up for a reversal. Here’s how Bitcoin could benefit from this. Aggregate Stablecoin Market Cap Change Has Returned To Equilibrium According to data from the on-chain analytics firm Glassnode, the aggregate stablecoin market cap had previously been in a decline for…
In consideration of recent developments, a bill has been introduced to evaluate the feasibility of establishing a state-administered depository for cryptocurrencies, positioning North Carolina as the custodian of its Bitcoin and virtual asset holdings. However, the proposed study will thoroughly assess the costs and benefits associated with alternatives such as a privately managed depository or…
Bitcoin (BTC) has again taken center stage in the cryptocurrency market as institutional interest surges. This interest has been spurred by major financial giants such as BlackRock, Fidelity, and Ark Invest, who have applied with the U.S. Securities and Exchange Commission (SEC) to launch a spot Bitcoin Exchange Traded Fund (ETF). According to Coin Metrics,…
Bitcoin is known for its explosive price movements — both bullish and bearish. However, Relative Strength Index data suggests the top cryptocurrency by market cap has gone the longest stretch ever without a bullish impulse. Just how long has it been since the last time BTCUSD was fully bullish? And how does this data compare…
Spurred by the recent flood of spot Bitcoin ETF applications from Blackrock and Fidelity among others, Bitcoin vaulted impressively up to the $30,000 area where its momentum has stalled in recent sessions. While many analysts and traders routinely acknowledge the significance of the $30,000 level as a key resistance area, Bitcoin’s move back above its…
MicroStrategy, a publicly traded software company, has once again invested heavily in Bitcoin, adding another 12,333 BTC to its already substantial holdings. The purchase, which was announced by the company’s former CEO Michael Saylor, cost around $347 million at an average price of $28,136 per Bitcoin. MicroStrategy Goes All-In On Bitcoin As of June 28th,…