Browsing:Bitcoin

Can Bitcoin (BTC) reach $40,000 before December?
5 months ago 1 min read

Can Bitcoin (BTC) reach $40,000 before December?

Despite significant volatility throughout the year, Bitcoin has recovered a significant portion of its losses from the 2022 market crash. Bitcoin’s price is currently over $38,200, representing a 130% increase from its value on January 1, 2023. While this recovery is noteworthy, crypto has recently experienced fluctuations. Some market analysts believe Bitcoin’s current rise is only the beginning and that it will soon reach new highs. The impending halving and the potential approval of a spot Bitcoin ETF in the United States are cited as potential catalysts for the next bull run. Analysts have noticed an interesting trend in Bitcoin

Bitcoin just displayed its biceps, breaking beyond the $38,300 barrier for the first time in more than a year.
5 months ago 1 min read

Bitcoin Breaks Year-Long Barrier, Surpassing $38,000: A Glimpse into Market Momentum

Bitcoin just displayed its biceps, breaking beyond the $38,300 barrier for the first time in more than a year. This bullish surge, which occurred on Friday, November 25, put a bright spin on a week that saw Changpeng “CZ” Zhao leave Binance, the world’s largest crypto exchange. According to Santiment, a blockchain analytics platform, this leap above $38,000 may not be a passing fad, but rather a glimpse into a more hopeful trajectory if Bitcoin can maintain its current speed. Santiment’s post on X delves into the dynamics behind Bitcoin’s recent price push. While the crypto has experienced a correction

Glassnode Predicts $70 Billion Inflow into Bitcoin Post Spot ETF Approval
5 months ago 1 min read

Glassnode Predicts $70 Billion Inflow into Bitcoin Post Spot ETF Approval

Blockchain analytics firm Glassnode has conducted an analysis, estimating a substantial influx of around $70 billion in investor demand following the recent approval of a Bitcoin Spot ETF. The research delves into the potential impacts on Bitcoin’s price and the broader crypto market. Glassnode’s insights are grounded in the expectation that institutional investors, seeking new avenues, will channel significant portions of capital from traditional markets such as stocks, bonds, and gold into Bitcoin. The analytics company foresees this shift driving substantial demand and potentially triggering a BTC price rally. The analysis by Glassnode suggests that around $60.6 billion could flow

Bitcoin Surges to $38,000
5 months ago 1 min read

Bitcoin Soars Beyond $38,000, Reflecting Growing Investor Confidence

Bitcoin (BTC) has reached a milestone, hitting $38,000, marking its highest level since May 2022. Over the past week, the leading crypto has witnessed a 7% surge, and its 30-day gains stand at an impressive 10%. Investor interest in the crypto markets is on the rise, notably among major digital asset funds. This renewed enthusiasm is fueled by expectations surrounding the potential approval of a Bitcoin Exchange-Traded Fund (ETF) in the United States. The prospect of a regulated Bitcoin ETF could attract traditional investors to the crypto space. Last week, crypto products experienced a substantial influx of funds, with $176

70.35% of BTC Supply Unmoved
5 months ago 1 min read

Over 70% of Bitcoin (BTC) Supply Remains Unmoved, Signaling Investor Confidence

Glassnode, a prominent blockchain analytics firm, recently revealed that a record-breaking 70.35% of Bitcoin’s circulating supply has been inactive for over a year. This is higher than the previous high of 69.35% set in July, indicating a steadfast commitment on the part of Bitcoin hodlers. This extended period of inactivity suggests that some Bitcoin holders are unconcerned about market challenges and global economic uncertainty. Despite the cryptocurrency’s price doubling this year to $37,000, long-term investors appear determined to ride out the storm. The data not only shows the prevalence of one-year inactive holdings but also shows similar trends in Bitcoin

Ark Invest Submits Third Amendment in Ongoing Pursuit of Bitcoin ETF Approval
6 months ago 1 min read

Ark Invest Takes Another Step Towards Bitcoin ETF with Third Amendment Submission

Cathie Wood’s Ark Invest has submitted a third amendment that significantly improves the application. The disclosure of a fee has sparked interest in this unexpected development in the financial industry. Expert on Bloomberg ETFs Eric Balchunas praised the action as “a positive step forward” in getting approval from the US SEC. The striking feature is how transparent Ark Invest is about its fees; ARKB will charge 80 basis points (bps). This is a ground-breaking move because Ark Invest is the first issuer to formally reveal this kind of fee, in line with the increasing demand in the ETF market for

GameStop Memes eclipses Bitcoin and Chainlink with an incredible presale
6 months ago 4 mins read

GameStop Memes’ Unbelievable Presale Crushes Bitcoin and Chainlink – Next Crypto Sensation? 

Bitcoin, the OG cryptocurrency or Chainlink the latest most innovative altcoin? There’s an upcoming surge awaiting the broader crypto market and holding any of these two coins might be a game changer. However, the meme coin sector is also flourishing, holding a viral token may be the only thing needed to supercharge your portfolio. GameStop Memes(GSM) is your ticket to exponential gains raising over 2 million in 24 hours. Find out the reasons whyl smart investors are hoarding.GameStop Memes, Bitcoin and Chainlink in Q4 2023.  BTC & LINK : Bridging Real World and Blockchain Bitcoin has consistently proven its resilience

Discover how GameStop Memes provided a 100% return on investment as compared to XRP before Bitcoin's halving.
6 months ago 4 mins read

GameStop Memes vs. XRP: Which Offers 100% Profit Potential Before Bitcoin Halving

Investors in the cryptocurrency market are constantly on the lookout for opportunities that promise significant returns. The forthcoming Bitcoin (BTC) halving in April 2024 has brought attention to the importance of accumulating Bitcoin before this event, as scarcity is known to drive the price of the leading cryptocurrency. However, GameStop Memes (GME) and XRP have also captured the interest of investors due to their promising opportunities for triple-digit profits. In this comparative article, we will explore why these top crypto coins are considered the best bets for investors, with a focus on GameStop Memes as a unique and enticing opportunity

German Lawmaker's Bold Vision for Bitcoin as Legal Tender
6 months ago 1 min read

German Lawmaker Advocates for Bitcoin Legal Tender Status in The Country

German lawmaker Joana Cotar is leading the charge to legalize Bitcoin in Germany. She’s highlighting its special benefits and trying to make it stand out from other crypto. As part of her initiative, Cotar is undertaking a legal evaluation with the goal of creating a comprehensive framework that formally acknowledges Bitcoin as a legitimate form of money. Ensuring legal security takes precedence over potential risks like tax fraud and money laundering. Cotar has also started the “Bitcoin in the Bundestag” campaign to raise awareness and understanding among other politicians. The goal of this educational program is to draw attention to

WisdomTree has indicated that it is still in contact with the US SEC by resubmitting its application for an exchange-traded fund (ETF)
6 months ago 1 min read

WisdomTree Resubmits Spot Bitcoin ETF Application as Bitcoin Faces Market Volatility

WisdomTree has indicated that it is still in contact with the U.S. Securities and Exchange Commission (SEC) by resubmitting its application for an exchange-traded fund (ETF) that would track spot Bitcoin prices. Many analysts, such as well-known ETF specialist James Seyffart, see this stage as a standard but essential step in the approval process for ETFs. Given that Bitcoin is expected to undergo a halving event in the upcoming months, a notable price increase is anticipated. The event, which is slated for April of next year, is being closely watched by traders and investors, though it is still unclear how

Whales and Sharks Sell Off $2.2 Billion in Bitcoin
6 months ago 1 min read

Bitcoin Whales Sells Off $2.2 Billion in BTC as Price Holds at $37K

Big players in the Bitcoin market (Whales) have been selling off their Bitcoin holdings, amounting to a substantial $2.2 billion in the past week. These significant investors, with wallets holding between 100 and 10,000 BTC, play a pivotal role in shaping the market due to the sheer volume of Bitcoin under their control. A closer look at the chart tracking these major Bitcoin holders reveals a marked decrease in their balances, indicating a considerable sell-off. Around 60,000 BTC was offloaded during this period. Notably, this significant sell-off coincided with Bitcoin’s price surpassing the $37,000 mark, suggesting that these major players

ARK Invest Sells $6 Million of GBTC Amid Rising Trust Value
6 months ago 1 min read

ARK Invest Sells $6 Million of GBTC Amid Rising Trust Value; SEC Discussions Suggest Progress on U.S. Bitcoin ETF

Cathie Wood’s ARK Invest made a recent move, selling off more than 200,000 GBTC shares, totaling over $6 million, on November 10. Despite this, GBTC remains the company’s top investment. They’ve also sold smaller amounts earlier on. The value of GBTC has seen significant growth, rising by 10% last week and an impressive 250% throughout 2023. This growth rate surpassed Bitcoin’s 123% rise during the same period. Grayscale recently secured a victory in a legal battle against the SEC related to a fund issue back in August. Just last week, the SEC began talks with Grayscale. This move is seen

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