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Bitcoin Technical Analysis: BTC in Consolidation Phase as Upper Resistance Strengthens
12.1.2024
The leading cryptocurrency, bitcoin, has remained within a limited price range since yesterday. This followed yesterday’s quick surge to the $49K level, which then declined in the early trading hours of Thursday. Although there was a transient increase to the $47K mark, the value has stayed...
Spot Bitcoin ETFs Poised for $36 Billion Influx, JPMorgan Highlights Rotational Capital Movement
12.1.2024
Source: Pixabay / tombark Contrary to expectations of a massive influx of fresh capital, JPMorgan analysts suggest that spot Bitcoin (BTC) ETFs may experience up to $36 billion in inflows redirected from existing cryptocurrency instruments. According to a note by JPMorgan analysts, the breakdown...
Franklin Templeton Unveils EZBC, its Spot Bitcoin ETF Offered on Cboe BZX Exchange
12.1.2024
Source: Getty Images Franklin Templeton has stepped into the digital asset arena with the launch of its spot Bitcoin (BTC) exchange-traded fund (ETF). Named the Franklin Bitcoin ETF and trading under the ticker symbol EZBC, the fund is specifically designed for U.S. investors and mirrors...
Mike Novogratz Predicts a Bitcoin ETF War Between Invesco, BlackRock, and Fidelity
12.1.2024
Source: LinkedIn The recent regulatory approval of 11 Bitcoin (BTC) spot exchange-traded funds (ETFs) has set the stage for an intense battle among asset management firms. Renowned crypto enthusiast Mike Novogratz, who is CEO of Galaxy Digital, has forecasted a fierce struggle for dominance...
Here Are the Coins that Will Benefit the Most from the Bitcoin ETF Approval
12.1.2024
Source: DALL·E Some cryptocurrencies are likely to benefit more than others following the SEC’s spot Bitcoin ETF approval in the USA. Spot Bitcoin ETF approval give non-web3 savvy retail and institutional investors easy access to gain direct exposure to Bitcoin (BTC). Spot Bitcoin...
Record $2.3B in Bitcoin ETF Trades as BTC Rockets to $49K, Then Plummets Below $46K
11.1.2024
At 11 a.m. Eastern Time (ET) on Jan. 11, 2024, the newly launched spot bitcoin exchange-traded funds (ETFs) boasted a remarkable trading volume of $2.3 billion. However, in a dramatic turn of events later that afternoon, bitcoin’s spot markets experienced a steep decline, with prices falling...
Balaji Srinivasan Equates Bitcoin ETF Move to Reversal of FDR’s Historic Gold Seizure
11.1.2024
The sanctioning of U.S. spot bitcoin exchange-traded funds (ETFs) heralds a transformative shift from a century-long dominance of centralized monetary systems to the emerging realm of decentralized finance, as opined by Balaji Srinivasan, a distinguished figure in technology and the crypto...
USDC Stablecoin Issuer Circle Confidentially Files For IPO
11.1.2024
Source: AdobeStock Circle Internet Financial – the issuer of the world’s second-largest stablecoin, USD Coin (USDC) – has quietly filed for an initial public offering (IPO) with federal regulators. Their IPO registration follows a series of historic approvals by the Securities and Exchange...
Spot Bitcoin ETFs Approved: Here’s How Crypto Executives Reacted
11.1.2024
The US Securities and Exchange Commission (SEC) has finally approved a range of spot Bitcoin (BTC) exchange-traded fund (ETF) applications. The decision comes more than a decade after the initial filing for a crypto-based ETF, a financial product designed to track the performance of various assets...
Biggest Crypto Gainers Today on Uniswap – PNDC, SPX, MOG
10.1.2024
Uniswap logo The biggest crypto gainers today on Uniswap are $PNDC, $SPX and $MOG, while blue chip cryptocurrency markets are mixed on Wednesday in wake of the SEC’s approval of multiple spot Bitcoin ETFs. Bitcoin (BTC) is choppy just under $46,000, with traders looking ahead to the launch of spot...
Bitcoin Price Prediction as SEC Approves BlackRock’s Spot Bitcoin ETF – $1,000,000 BTC Possible?
10.1.2024
Source: DALL·E The Bitcoin (BTC) price is experiencing choppy trading conditions in wake of the news that the SEC just multiple spot Bitcoin ETF application. Last trading in just under $46,000, the Bitcoin price is close to 1% lower on the day. The regulatory agency gave various US exchanges...
Bitcoin Transaction Fees See Sharp Decline Since December Peak, Network Congestion Persists
10.1.2024
On Jan. 10, 2024, the fee for high-priority transactions is set at 42 satoshis per virtual byte (sats/vB), amounting to $2.66 per transaction. The average transaction fee stands at 98.9 sats/vB, equivalent to $11.17 per transfer. Although there has been a decline in onchain fees, they currently...
UAE-Based Phoenix Group Bolsters Mining Capabilities With $187M Bitmain Deal Amidst Global ASIC Race
10.1.2024
Phoenix Group, a bitcoin mining and blockchain infrastructure company, recently disclosed its acquisition of $187 million in application-specific integrated circuit (ASIC) bitcoin mining rigs. The purchase was made from Bitmain, one of the leading ASIC manufacturers in the industry. Phoenix Group...
Altcoins Weekly Losses Grow as Market Liquidations Continue
10.1.2024
Pixabay Cryptocurrencies face market corrections days into 2024 based on several factors ranging from trader gripping reports, a fake spot Bitcoin (BTC) ETF social media post, and other factors. On-chain data shows declining asset prices in the second week of the year, especially around altcoins...
Bitcoin in 2024: A Comprehensive Outlook for Crypto Traders
10.1.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. As the New Year starts, people in the cryptocurrency world are excited and talking a lot about what might happen with Bitcoin (BTC) in 2024. The year 2023 was a bit crazy, with rules changing,...
VC Chamath Palihapitiya States Bitcoin Is Ready to Cross the Chasm in 2024
10.1.2024
Chamath Palihapitiya, venture capitalist and CEO of Social Capital, explained that 2024 will be the year for bitcoin to “cross the chasm” and become a mainstream asset. Palihapitiya believes that the approval of an upcoming slew of spot ETFs will power bitcoin to become part of...
ProShares Bitcoin Strategy ETF (BITO) Surpasses $2 Billion in Assets, Sets All-Time High
10.1.2024
Image Source: Adobe The ProShares Bitcoin Strategy ETF (BITO), an exchange-traded fund focused on Bitcoin (BTC) futures, has amassed over $2 billion in assets, reaching an all-time high. According to data by YCharts, BITO’s assets stood at $2,010,057,946 as of the market close on January...
Bitcoin Price Prediction as Gary Gensler Says Official SEC Account is ‘Compromised’ – What’s Going On?
9.1.2024
Source: DALL·E The Bitcoin price just saw a sudden pump to new yearly highs near $48,000 after the US SEC’s official X account tweeted that spot Bitcoin ETFs had gained approval, for the BTC only to then drop as much as $3,000 to briefly below $45,000 after SEC Chairman Gary Gensler said that...
‘Extreme Greed’ — Bitcoin’s Price Rise Leads to Highest Fear and Greed Index Level Since 2021
9.1.2024
Hovering just below the $47K mark, bitcoin’s price rise has coincided with the Crypto Fear and Greed Index (CFGI) reaching a notable 76 on Jan. 9, 2024. This signals a phase of “extreme greed,” a sentiment intensity not witnessed since the cryptocurrency’s previous bull...
El Salvador’s Bitcoin Investment Yields $12.6 Million in Unrealized Gains Ahead of Bitcoin ETF Decision
9.1.2024
Source: AdobeStock/ MMollaretti El Salvador’s Bitcoin (BTC) portfolio of 2,798 tokens has yielded an unrealized profit of $12.6 million, and there are no plans to sell. El Salvador is sitting on $12.6 million in unrealized profits on its bitcoin (BTC) investment after being in the red for...