Ethereum (ETH), the second largest cryptocurrency by market cap, experienced a price drop of over 3% within the last 24 hours. The reason is presumably a significant sell-off carried out by a prominent whale. The whale deposited 25,000 ETH (worth around $47.24 million) on Binance, only to withdraw a significant amount of USDT shortly afterwards.…
After the Bitcoin price hit a new yearly high of $32,410 last Friday, June 23, the price rally has stalled for the time being. While the long-term outlook looks extremely bullish due to various Bitcoin spot ETF applications, there are currently a few reasons in the short-term which prevent a continuation for now. Today, Wednesday,…
The recent Bitcoin (BTC) jump from $7,300 to $9,700 has renewed bullish expectations. Just three days ago, you had analysts calling for a return to the $3,000 lows — gold bug Peter Schiff even noted that $2,000 was in the cards; now, all eyes are on new all-time highs for Bitcoin. Related Reading: Crypto SIM Hack:…
The approval of Bitcoin ETF options marks a new era for the Bitcoin market. With leveraged exposure, exponential growth potential, and volatility unlike anything before, Bitcoin's synthetic notional value could skyrocket. The U.S. Securities and Exchange Commission has approved the listing and trading of options for asset manager BlackRock’s spot bitcoin exchange-traded fund on the Nasdaq.…