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Bitcoin Decouples from Nasdaq, 40-Day Correlation Now Stands at Zero
9.1.2024
Source: Adobe/vinnstock Bitcoin (BTC) has broken free from its historical correlation with Nasdaq (NDX), with the 40-day correlation dropping to zero. For most of the past four years, BTC had been moving in sync with the tech-heavy equity index on Wall Street. However, according to data analyzed...
Bitcoin ETF Approval Expected Soon, Bears Lose $100M
9.1.2024
Futures tracking crypto markets saw some $155 million in shorts liquidated in the past 24 hours after a sudden uptick in prices in U.S. hours
Ark Invest CEO Expects Spot Bitcoin ETFs to Attract ‘Substantial’ Institutional Flows, Pushing BTC ‘Much Higher’
9.1.2024
Ark Invest CEO Cathie Wood expects spot bitcoin exchange-traded funds (ETFs) to move the price of bitcoin “much higher.” The securities regulator is expected to make a decision on spot bitcoin ETFs by Wednesday. “We think that the SEC approval, should we and others get it, is...
Bitcoin Miner CleanSpark Buys Another $193 Million Of Mining Equipment After Stock Downturn
8.1.2024
Source: Adobe / Photocreo Bednarek As Bitcoin’s (BTC)’s price surges to multi-year highs, mining firm CleanSpark has closed another nine-figure infrastructure deal to help the company seize as many newly minted units of BTC as possible. In a press release on Monday, the company announced that...
Bitcoin (BTC) Price Pumps Above $47,000 As ETF FOMO Explodes – Where Next Is It Headed Next?
8.1.2024
Bitcoin Blasts Higher / Source: Adobe The Bitcoin (BTC) price just vaulted above $47,000 for the first time since April 2022 as FOMO comes in ahead of the expected approval of spot Bitcoin ETFs by the US SEC later in the week. Bitcoin is up 7% on the day, taking its gains since the start...
Bitcoin Soars Past $47K, Outstrips Meta in Market Cap Amid ETF Speculation and Intense Trading
8.1.2024
Bitcoin breached the $47K threshold on Monday, fueled by growing excitement over the potential launch of a U.S. spot bitcoin exchange-traded fund (ETF). The leading crypto asset kicked off the day at $43,247 per unit, then climbed to a peak of $47,281 by 2:10 p.m. Eastern Time (ET). Bitcoin Rally...
Reviving Retro — Ninjalerts CEO Unveils SNES Emulator on Bitcoin Blockchain to Preserve Classic Games
8.1.2024
The chief executive officer of Ninjalerts announced on Monday that a functional Super Nintendo Entertainment System (SNES) emulator has been successfully encoded onto the Bitcoin blockchain. The head of Ninjalerts emphasized that the inscription of the emulator on the Bitcoin network was motivated...
Bitcoin Price Prediction as BTC Achieves 20-Month High Above $47K – Can It Break Past $50,000 Soon?
8.1.2024
Bitcoin, the flagship cryptocurrency, has recently soared above the $47,000 mark, reaching a 20-month high, amidst growing investor optimism. This remarkable rally is largely driven by the buzz around the anticipated approval of Exchange-Traded Funds (ETFs) by financial giants such as BlackRock...
BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish
8.1.2024
Bitcoin could rally 10%-15% more in case the SEC approves spot bitcoin ETFs, LMAX strategist Joel Kruger noted
Biggest Crypto Gainers Today on Uniswap – PNDC, BSSB, BIGTIME
8.1.2024
Uniswap. Source: Adobe / vladim_ka While crypto markets are enjoying a modest rally on Monday, PNDC, BSSB and BIGTIME are the biggest crypto gainers today on Uniswap. BTC is near $45,000 as investors await imminent expected approval of spot Bitcoin ETFs in the US. ETH, meanwhile, was last in...
VanEck’s Gurbacs: Whole Assets More Appealing to Investors than Bitcoin Fractions
8.1.2024
Source: Adobe / A.AKS Gabor Gurbacs, an adviser at asset manager VanEck, has highlighted the psychological hurdle of unit bias among potential Bitcoin (BTC) investors, saying the desire to own complete units can deter people from entering the market. In a recent post on X, the VanEck advisor...
Bloomberg Analysts Predict Over 90% Chance of US Approval for Bitcoin ETF, Polymarket Trims Odds to 83%
8.1.2024
Source: iStock/pichet_w Bloomberg analysts are increasingly optimistic about the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, with the odds now exceeding 90%. In a recent post, Bloomberg ETF analyst Eric Balchunas commented on the likelihood of the Securities...
Cryptocurrency Institutional Funds Record $151 Million Inflows in First Week of 2024
8.1.2024
Source: Adobe / Luisa Digital assets investment funds recorded $151 million in inflows in the first week of 2024 as institutional investors drive adoption following anticipation of a spot Bitcoin (BTC) ETF approval by the Securities and Exchange Commission (SEC). A new CoinShares Digital Asset Fund...
Bitcoin Rally Provoked by US ETF Launch is ‘Nearly Out of Room to Run’ + More Crypto News
8.1.2024
Source: AdobeStock / Exotic Escape Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: BTC Rally Provoked by US ETF Launch is ‘Nearly Out of Room to Run’ India’s Crypto Companies Are Moving...
Bitcoin Technical Analysis: BTC Traders Brace for Potential ETF Approval
8.1.2024
The crypto community is abuzz with expectations as bitcoin’s pricing reflects a sophisticated dance between investor sentiment and analytical forecasts. The prospective green light for a spot bitcoin exchange-traded fund (ETF) from the U.S. Securities and Exchange Commission (SEC) is a...
America’s Bitcoin Crossroads: Path to Leadership or Decline?
8.1.2024
In the rapidly evolving world of digital assets, the United States seems to be cautiously lagging behind, while other nations sprint ahead. This hesitance is not just a matter of policy inertia but reflects a deeper resistance. The establishment often views these emerging technologies as a threat...
Honduras SEZ Recognizes Bitcoin as Unit of Account to Further Financial Freedom
8.1.2024
Source: Pixabay Honduras’ Roatan Island special economic zone (SEZ) – Próspera ZEDE – has officially recognized Bitcoin (BTC) as a unit of account for various financial transactions. BREAKING: ???????? Honduras' special economic zone Prospera recognises #Bitcoin as a unit of account! This...
Zengo Sets a Hacker Trap: Breach Our Wallet for a $420K Bitcoin Reward
8.1.2024
Source: zengo / Twitter The keyless crypto wallet maker Zengo will put 10 BTC and a pricy NFT into a Zengo wallet, challenging the hackers to take it – if they can. According to the blog post, the “#ZengoWalletChallenge” will launch on January 9 and last for 15 days. It stated...
Avalanche (AVAX) Holds On to 20% December Gain Despite Recent Market Decline
8.1.2024
Avalanche (AVAX) surged in Q4 2023 recording huge gains on institutional inflow and adoption revolving in tokenization drive and wider partnerships. This year, the token has plunged 18% alongside the wider market as top assets including Bitcoin (BTC) and Ethereum (ETH) experienced market...
Bitcoin Adoption Soars: In-Person Vendors Accepting Bitcoin Triple in 2023
8.1.2024
Source: DALL·E The landscape of cryptocurrency usage is rapidly changing, with over 6,000 in-person vendors across the globe now accepting Bitcoin. According to BTC Map, the up-to-date number of merchants accepting Bitcoin holds steadily above 6,000, currently at 6,332 as of Jan. 8. In the past...