Bitcoin's downward price trend may not be over, as various indicators and metrics suggest that a price correction may not occur until a new price surge is in view. Despite the recent successes of Bitcoin ETF issuers in acquiring operational approval from the US SEC, Bitcoin continues to decline, and ...
Following the recent approval of multiple Exchange Traded Funds (ETFs) focused on Bitcoin by the US Securities Exchange Commission (SEC), speculation has intensified regarding the cryptocurrency's future trajectory. While some analysts anticipate a price dump for the world's largest crypto, Fidelity Investments executive Jurrien Timmer holds a different view. Timmer, ...
Grayscale's spot Bitcoin ETF has witnessed a substantial outflow of approximately $1.1 billion within the last three days. This massive outflow from the fund followed a reduction in its discount to the lowest level in nearly three years. Bloomberg's ETF analyst, James Seyffart, reported via a post on X (formerly ...
MicroStrategy, a leading corporate investor in bitcoin (BTC), continues its strategic accumulation of the cryptocurrency by acquiring 14,620 BTC for approximately $615.7 million. This purchase elevates the company's total BTC holdings to 189,150, with an estimated market value surpassing $5.9 billion. CEO Michael Saylor confirmed the news of this purchase ...
The Bank of the Future (BF) has determined that should the prices of Bitcoin (BTC) and Ether (ETH) double from their present values, Celsius will be fully capable of repaying all its outstanding claims while retaining its other assets. In May 2023, Celsius finalized an agreement with Fahrenheit Group, the ...
Coinbase is pushing forward with its plans to introduce futures contracts despite facing regulatory challenges in the United States. On June 1, 2023, Coinbase announced its intention to launch Bitcoin and Ether futures contracts for its users on June 5, 2023. These contracts will be available through its derivatives exchange, ...
