The BlackRock iShares Bitcoin ETF (IBIT) achieved a significant milestone on Friday by becoming the first among the recently launched spot bitcoin products to amass over $2 billion in assets under management (AUM). However, despite a weekend rally, the market remains uncertain. The BlackRock iShares Bitcoin ETF (IBIT) achieved a significant milestone on Friday…
SVET Markets Weekly Update Jan 22–26, 2024 During Week 4, the economy expanded by 3.3%, and core PCE prices rose by 2.9% year-on-year — the lowest in three years — while Wall Street’s major indices hit record highs. On the global stage, European stocks rose to a five-week high on strong earnings, but the ECB’s…
Bitcoin (BTC) is a revolution within modern investing, with a set of characteristics distinct from traditional assets. As we venture into valuing Bitcoin we find ourselves in a landscape where the conventional tools of financial analysis encounter uncharted territory. This article delves into the heart of this new frontier, exploring the fundamental analysis of Bitcoin,…
What’s a crypto wallet for? If your answer is “storing crypto,” you’re half right. But to say a web3 wallet is for storage is like saying your kitchen is for storing pots and pans. Today, the best web3 wallets allow you to put your crypto assets to use and cook up a storm, whether that’s…
SVET Markets Weekly Update – Jan 15th–19th 2024 On Week 3, the major stock indexes rallied, most reaching all-time highs, driven by the continued outperformance of the technology sector. Traders maintained optimism despite increasingly bearish comments from FOMC members, anticipating the expected Fed rate hikes. In contrast, EU markets slowed down due to hawkish remarks…
Introduction 2024 promises to be one of the biggest years for crypto ever. Following the long-awaited approval of 11 spot Bitcoin ETFs in January, crypto holders also have the once-every-4-years Bitcoin halving to look forward to. Beyond Bitcoin, however, specific sectors of the crypto token ecosystem look set for success. The dynamic intersection of AI…
Follow the fascinating history of cryptocurrency adoption from its inception by early computer enthusiasts to its present state. Read the article to learn more. Since Bitcoin’s creation in 2009, thousands of alternative coins have been created, and crypto has been adopted for many purposes. Crypto payments are fast, secure, easy to complete, and not subject…
Introduction 2024 promises to be one of the biggest years for crypto ever. Following the long-awaited approval of eleven spot Bitcoin ETFs in January, crypto holders also have the once-every-4-years Bitcoin halving to look forward to. Beyond Bitcoin, however, specific sectors of the crypto token ecosystem look set for success. The dynamic intersection of AI…
In the fast-intensifying battle for attention in the Bitcoin ETF market, investment giant BlackRock has opted for a more sophisticated approach, targeting the wealthier baby boomer demographic. While competitors rely on memes, pop-culture references, and flashy visuals, BlackRock’s recently launched iShares Bitcoin Trust ETF (IBIT) took a more subdued approach in its first video ad,…
After touching two-year price highs following spot Bitcoin ETF approvals in the US last week on Wednesday, the price of BTC dropped sharply to below US$42,000 on Friday. The +10% slide leaves BTC down ~2.2% in the last week. Last week, the Securities and Exchange Commission (SEC) approved 11 spot ETFs for the first time.…