Browsing:Bitcoin

Bitcoin is approaching its most stable halving event
23 hours ago 1 min read

Bitcoin approaches a calm halving, marked by record transactions and steady growth

Bitcoin is approaching its most stable halving event, which suggests the beginning of a new age characterized by sustained growth and high market trust. The level of confidence that the general public has in Bitcoin has risen, as shown by the establishment of new records in transaction volumes and the steady climb in its price. The current year exhibits double the level of volatility compared to 2020, while maintaining a high level of overall activity. The network experiences a large volume of transactions with high monetary worth, mostly driven by the increasing value of Bitcoin. This suggests a level of

Hong Kong approves its first Bitcoin ETF, signaling a significant push in the crypto market
2 days ago 1 min read

Hong Kong approves its first Bitcoin ETF, signaling a significant push in the crypto market

Hong Kong has granted approval for its inaugural Bitcoin exchange-traded fund (ETF), representing a notable milestone in the realm of crypto. The Bitcoin ETF, overseen by China Asset Management (Hong Kong) in partnership with OSL Digital Securities and BOC International Prudential Trusteeship, provides investors with a direct opportunity to profit from the price of Bitcoin. Furthermore, this strengthens Hong Kong’s appeal as a prominent center for crypto trading and investment. The program has now encompassed a position in Ether ETF, so broadening investing prospects within the realm of digital assets. The approval of this ETF by the SFC highlights Hong

Bitcoin (BTC) Could See a 30% Pullback
3 days ago 1 min read

Bitcoin (BTC) Could See a 30% Pullback, Top Analyst Says

The crypto specialist, Cold Blooded Shiller, forecasts a substantial correction in Bitcoin’s value, potentially leading to a drop of up to 30%, owing to the prevailing market instability. Although Bitcoin is now strong, Shiller asserts that historical data shows pullbacks of 30% are typical for the cryptocurrency. This suggests that if this pattern persists, the price of Bitcoin may potentially decline to as low as $51,000 in the upcoming months. He has the belief that the effect on altcoins would probably result in a decrease of approximately 50%. Shiller contends that several investors are enthusiastic about capitalizing on the upward

The price of Bitcoin (BTC) had a decline over the weekend
6 days ago 1 min read

Bitcoin (BTC) dominance hits 3-year high as BTC price dip pressures altcoins

The price of Bitcoin (BTC) had a significant decline over the weekend, triggered by a series of liquidations, causing BTC to drop below $65,300. Altcoins had more unfavorable conditions, as a significant number of the top twenty cryptocurrencies witnessed a decline of over 15%. As a result, altcoins lost their part of the cryptocurrency market to Bitcoin, making the recent highs the most dominated by Bitcoin since April 2021. Bagsy, a renowned trader and social media commenter, acknowledged the chart’s remarkable nature, given the constant influx of new altcoins entering the market daily. Daan Crypto Trades saw a significant disparity

Recent filings with the US SEC show a notable surge in Bitcoin ETF acquisitions by American banks and financial institutions on Wall Street.
1 week ago 1 min read

The US SEC filings reveal top US banks and Wall Street giants are now investing in Bitcoin ETFs

Recent filings with the US Securities and Exchange Commission (SEC) show a notable surge in Bitcoin exchange-traded fund (ETF) acquisitions by American banks and financial institutions on Wall Street. This suggests a movement towards embracing crypto within the traditional financial industry. The Form 13F filings reveal a more significant institutional involvement in Bitcoin, potentially impacting its broader adoption and market valuation. American banks and financial institutions on Wall Street have made investments in Bitcoin exchange-traded funds (ETFs), demonstrating their confidence in the cryptocurrency. American National Bank has made a financial investment in Ark’s ETF, while Park Avenue Securities has acquired

Ripple's CEO eyes a $5T crypto market by 2024
2 weeks ago 1 min read

Ripple’s CEO eyes a $5T crypto market by 2024, banking on regulatory clarity and Bitcoin ETFs

Brad Garlinghouse, the CEO of Ripple, forecasts that the cryptocurrency market will reach a value of $5 trillion by 2024. He bases this prediction on the expectation of clear regulations and the introduction of Bitcoin exchange-traded funds (ETFs). The market is anticipated to expand as a result of the Bitcoin halving and the likely introduction of U.S. Bitcoin exchange-traded funds (ETFs). Garlinghouse thinks that well-defined legislation regarding crypto in the United States will foster stability and entice investment. The imminent halving of Bitcoin and the expected introduction of U.S. Bitcoin ETFs are regarded as important factors for market expansion, historically

BlockDAG Facilitates Finance Industry with a Special Payment Card Integration: Insights into SNX Price and Hedera (HBAR) News Developments for 2024
2 weeks ago 4 mins read

BlockDAG Facilitates Finance Industry with a Special Payment Card Integration: Insights into SNX Price and Hedera (HBAR) News Developments for 2024

Diving into the evolving landscape of cryptocurrency, we observe notable developments in SNX price, as it demonstrates impressive performance amidst market momentum; Hedera (HBAR) news shows that the deliberate approach with corporate adoption signals steady growth; and BlockDAG’s emergence as an intriguing enigma within the cryptocurrency realm with its innovative credit card integration. Let’s delve deeper into these unfolding narratives. SNX Price Rises by 30% Syntehtix was recently listed as one of the top DeFi projects based on activity. It was considered the third most active DeFi project, with 116 commits on GitHub. In recent days, SNX has positioned itself

The US government has sent 30,175 bitcoins worth around $2 billion to a Coinbase-linked wallet, the largest transaction since a prior
2 weeks ago 0 mins read

US government shifts $2B in Bitcoin to Coinbase, sparking slight market dip

The US government has sent 30,175 bitcoins worth around $2 billion to a Coinbase-linked wallet, the largest transaction since a prior auction over a year ago. The decision follows Argentina’s new crypto registration requirements, which elicited mixed reactions from the Bitcoin community. Figure Markets, a bitcoin exchange, is attempting to democratize financial services. Coinbase has expressed concern about potential risks in the Ethereum restaking market. In March 2023, the government offloaded 9,861 bitcoins worth $216 million that had been seized from the Silk Road website. This shift matches a larger trend in the CoinDesk 20 Index, indicating the market’s sensitivity

Tether has augmented its Bitcoin holdings by acquiring an extra 8,889 bitcoins
3 weeks ago 1 min read

Tether buys 8,889 BTC, boosting its reserves to 75,354 BTC, now worth $5.26B

Tether has augmented its Bitcoin holdings by acquiring an extra 8,889 bitcoins, which are now worth at $627 million. This acquisition has resulted in a total reserve of 75,354 BTC for Tether. The initiative started in September 2022 with the objective of expanding Tether’s portfolio to include assets other than conventional ones such as cash and Treasury bonds. CEO Paolo Ardoino clarifies that Tether is allocating a portion of its income, up to 15%, from stablecoin reserves to invest in Bitcoin. This decision is based on Bitcoin’s scarcity and widespread use. The implementation of this strategic maneuver has led to

Bitcoin's volatility has exceeded that of Ether
3 weeks ago 1 min read

Bitcoin volatility hits 60%, outpacing Ether as the halving event draws near

Bitcoin’s volatility has exceeded that of Ether, hitting over 60% in the 30-day annualized historical volatility. This is a result of the influx of investments into Bitcoin exchange-traded funds (ETFs) and the expectation around Bitcoin’s upcoming halving event. Bitcoin, often seen as a reliable digital money, has encountered unforeseen volatility, which has posed a challenge to its function as a stabilizing force in the market. The approval of several Bitcoin ETFs by the SEC has led to heightened volatility, in contrast to the Ether market’s lack of excitement about the approval of an ETH ETF. The volatility of Bitcoin is

BlockDAG's Presale Success and Eco-Friendly Mining Promise Shine Amid Litecoin and Cosmos Market Move
3 weeks ago 3 mins read

BlockDAG’s Presale Success and Eco-Friendly Mining Promise Shine Amid Litecoin and Cosmos Market Move

With the crypto market experiencing a resurgence, thanks partly to the U.S. endorsing a Bitcoin ETF, excitement remains high despite a recent correction phase. Major altcoins have maintained their upward trajectory and are poised for further growth. Amidst this, Litecoin (LTC) is expected to surge to $150, and Cosmos (ATOM) eyes a $20 target. Meanwhile, BlockDAG (BDAG) captures the spotlight in the presale domain, boasting a 1566% ROI potential post-launch, with predictions stretching to a 5000x increase. Anticipated Surge in Litecoin Value The Litecoin network has witnessed a notable increase in addresses, surpassing eight million as of March 28, an

This Hedge Fund goes long on Bitcoin
3 weeks ago 1 min read

This Hedge Fund goes long on Bitcoin, short on MicroStrategy due to valuation doubts

Kerrisdale Capital is allocating funds to Bitcoin investments while simultaneously taking a position against MicroStrategy shares. The rationale for this move is the belief that the market value of MicroStrategy’s stock far surpasses its actual worth, which is mostly derived from its Bitcoin holdings. The hedge fund contends that MicroStrategy’s software business has become inconsequential in comparison to its Bitcoin holdings, making a little contribution to the company’s total value. Kerrisdale also examined MicroStrategy’s financial tactics, including leveraging debt and issuing more shares, which resulted in a rise in its Bitcoin holdings but a decrease in its Bitcoin per share

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus