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Grayscale’s Bitcoin Trust Discount to NAV Narrows Sharply to a 16.59% Gap
13.10.2023
Grayscale’s Bitcoin Trust, known as GBTC, has witnessed a significant shift in its market dynamics. In January 2023, GBTC traded at a significant 48.31% discount to its net asset value (NAV). Today, that gap has narrowed to 16.59%, indicating changes in market sentiment and presenting...
Bitcoin, Ethereum Technical Analysis: BTC Bulls End a 5-Day Losing Streak
13.10.2023
Bitcoin ended a five-day losing streak on Friday, as the cryptocurrency appears to have found an interim price floor. This comes as traders continued to react to yesterday’s U.S. inflation report, which remained unchanged at 3.7%. Ethereum also edged marginally higher, following its...
Time to Dump Ethereum (ETH) and Buy Bitcoin (BTC)? 3 Reasons Why That Might Be a Good Idea
13.10.2023
It’s been an ugly month so far for Ether (ETH), the cryptocurrency that powers the Ethereum network, that remains the dominant blockchain used to power most sectors within web3, including DeFi, NFTs, GameFi, GambleFi and SocialFi.
The ETH price, which was last trading just under $1,550 after...
Biggest Crypto Gainers Today on DEXTools – LYNX, BOND, PB
13.10.2023
Blue chip crypto markets are in consolidation mode on Friday as traders continue to digest this week’s barrage of hot US inflation readings and mixed commentary from the US Federal Reserve.
Bitcoin (BTC) was last trading flat in the $26,700s and Ether (ETH) just under $1,550, down in the region...
Bitcoin price gets new $25K target as SEC decision day boosts GBTC
13.10.2023
Bitcoin analysis flags liquidity waiting in the wings above and below the current BTC price range, while GBTC erases more of its discount
River Report: Bitcoin’s Lightning Network Grew by 1,212% in 2 Years
13.10.2023
A recent report published by River, a Bitcoin technology and financial services company, has revealed that the Lightning Network, a scaling layer for Bitcoin, has grown by 1,212% in two years. River’s estimation comes from examining operators of nodes comprising 52% of the public capacity...
Bitcoin Price Prediction: BTC Slips 3% as Cryptocurrency Market Reacts to CPI Data as JPMorgan Awaits SEC's ETF Verdict
13.10.2023
Amidst fluctuating global events, Bitcoin is once again in the spotlight. As it currently trades at $26,831, marking a slight uptick of over 0.10% on Friday, but it fell nearly 3% in the last seven days. The entire cryptocurrency market holds its breath in anticipation of various influencing...
What happens if SEC doesn’t appeal Grayscale spot Bitcoin ETF ruling?
13.10.2023
The SEC must appeal Grayscale’s win in a D.C. Appeals Court on Oct. 13, or it will have to approve — or try to delay — the firm’s Bitcoin ETF bid
Here’s How the Latest Hot US CPI Numbers Impacted Crypto Markets
12.10.2023
Hotter-than-expected US Consumer Price Index (CPI) inflation numbers did little the shift sentiment in the crypto market on Thursday.
Bitcoin (BTC) was last trading just under $26,700, just to the north of its 50-Day Moving Average (DMA), which appears to be offering support for now, but still...
Biggest Crypto Gainers Today on DEXTools – LYNX, DEE, HOLD
12.10.2023
Blue chip cryptocurrency markets, with Bitcoin (BTC) flat in the $26,700s and Ether (ETH) over 1% lower in the past 24 hours after recently hitting its lowest level since March at $1,520....
Read More: Biggest Crypto Gainers Today on DEXTools – LYNX, DEE, HOLD
Did SBF really use FTX traders' Bitcoin to keep BTC price under $20K?
12.10.2023
Bitcoin sales by FTX come to light as part of the SBF trial, as one prediction suggests that they stopped the BTC price from hitting $100,000
Bitcoin faces elevated CPI with BTC price tackling $26.8K focal point
12.10.2023
CPI joins macro data coming in higher than predicted — something not conducive to BTC price upside, Bitcoin analysts continue to imply
Bitcoin, Ethereum Technical Analysis: BTC Under $27,000, ETH Hits 1-Month Low Ahead of US Inflation Report
12.10.2023
Bitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week low. Bitcoin Bitcoin (BTC) fell for a fifth consecutive...
The McRib Meme: A Curious Connection to Bitcoin and Stocks
12.10.2023
Is there a connection between McRib, bitcoin, and stocks? Some (jokingly) argue there just may be.
Some commenters have opined that the three may be correlated - but without having a causal relationship.
Firstly, the popular McRib sandwich is scheduled for a comeback in November, and it will...
Update on SEC vs Coinbase and a fall in BTC amid inflation
12.10.2023
That’s a two-way street the community has reached. The SEC and Coinbase have an updated movement in their contest. The Commission staff has made a recommendation to the SEC on the rulemaking petition for Coinbase. Meanwhile, the price of BTC has once again lost its resistance level despite having...
Bitcoin Price Prediction: BTC Drops Almost 3% Following FOMC's Assertive Remarks; Awaits US CPI Insights
12.10.2023
In the wake of the Federal Open Market Committee's (FOMC) recent assertive commentary, Bitcoin price experienced a near 3% dip.
The central narrative hinged on the minutes from the Federal Reserve, wherein policymakers underscored the necessity for restrictive policy measures to persist for...
Cleanspark Acquires 4.4 EH/s of Bitmain’s New S21 Antminers; Readies for Bitcoin Reward Halving
12.10.2023
In a disclosure on Wednesday, bitcoin mining entity Cleanspark has reserved 4.4 exahash per second (EH/s) of Bitmain’s latest S21 Antminers. The mining company, recognized on the public market, detailed that the consignment is valued at approximately $61.6 million, translating to $14 for each...
ARK's amended spot Bitcoin ETF filing is a ‘good sign’ of future approval
12.10.2023
ARK Invest and 21Shares amended spot Bitcoin ETF filing seemingly addresses earlier concerns highlighted by the SEC, which is a good sign of progress, according to Bloomberg's ETF analysts
Computable Functions Verified on Bitcoin — How BitVM Seeks to Elevate BTC’s Smart Contract Game
12.10.2023
A new computing model, BitVM, aims to enhance Bitcoin’s smart contract capabilities without requiring changes to the blockchain’s consensus rules. The white paper, published on October 9, 2023, has drawn significant attention and its fair share of criticism. Can BitVM Set a...
“Mr Bitcoin Is About to Go Down Big” Claims CNBC’s Jim Cramer – Does That Mean the Bottom Is In?
11.10.2023
In a characteristic rant on CNBC’s Squawk on the Street show on Tuesday, famous financial pundit Jim Cramer proclaimed that he can’t be invested in Bitcoin (BTC) “Mr Bitcoin is about to go down big”.
Its unclear where this was a reference to the Bitcoin price itself, or a reference to disgraced...