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Bitcoin Price Prediction as $25 Billion Sends BTC Past the $31,000 Resistance – Time to Buy?
14.7.2023
Bitcoin's price has surged significantly, propelled by a massive influx of $25 billion, breaking through the resistance level at $31,000.
Europe has emerged as a frontrunner in the race to introduce a spot Bitcoin exchange-traded fund (ETF), while the United States grapples with concerns raised...
Bitcoin Price Prediction as BTC Dips Back Below $31K as Binance Lays Off 1000 Workers
14.7.2023
A hint of caution has returned to the cryptocurrency market on Friday in wake of the emergence of reports that Binance has laid off roughly 1,000 workers in recent weeks, and that layoffs could continue.
Bitcoin (BTC) slipped back under $31,000 per token on the news, which was first reported...
Wall Street Giants Seek Approval for Bitcoin ETFs Amidst Crypto Industry Turmoil
14.7.2023
The recent regulatory crackdown has not scared Wall Street asset managers like BlackRock, Fidelity and Invesco from applying to list spot Bitcoin (BTC) exchange-traded funds (ETFs), with experts now estimating a 50% chance of approval.
The race to launch an ETF is led by Cathie Wood’s ARK Invest...
Bitcoin Lags Behind Global Market Rally, Raising Caution Among Investors
14.7.2023
The leading cryptocurrency Bitcoin failed to rally with global markets this week triggered by cooling US inflation. The recent decoupling of Bitcoin from the global markets has left investors worried about the token’s outlook.
While S&P 500 and Nasdaq closed at their highest since April 2022...
Bitcoin Price Prediction: BTC Surges Above $31,000 Barrier Following Ripple's Legal Victory Against SEC
14.7.2023
Bitcoin, the leading cryptocurrency, is currently trading at $31,449, marking a notable surge of over 3.5% on Friday.
This surge in Bitcoin's price coincided with Ripple Labs' recent legal triumph in its prolonged three-year battle against the US Securities and Exchange Commission (SEC).
As news...
Bitcoin Price Prediction as BTC Falls 1.4% in 24 Hours – Is the Sell Off Over?
13.7.2023
Bitcoin, currently trading at $30,500, experienced a slight decline of 1.4% within the past 24 hours.
However, there are promising indications that the sell-off may reach its conclusion.
The cryptocurrency surpassed the minor resistance level at $30,400, suggesting a potential continuation...
Europe’s First Spot BTC ETF Is Set For Its Debut in 2023: Here’s What You Should Know
13.7.2023
Europe is set to welcome its first spot Bitcoin (BTC) Exchange Traded Fund (ETF) after a twelve-month delay.
The Jacob Asset Management Group initially secured the approval for the ETF from the Guernsey Financial Services Commission (GFSC) in Oct 2021 but faced setbacks with the firm citing...
Grayscale CEO Michael Sonnenshein Optimistic About Future of Spot Bitcoin ETF
13.7.2023
It is a matter of when, not if, a spot Bitcoin (BTC) exchange-traded fund (ETF) is created, argued Grayscale Investments CEO Michael Sonnenshein.
In a recent Bloomberg interview, Sonnenshein commented on a chance that the investment giant BlackRock might get the first Bitcoin ETF.
BlackRock...
Bitcoin Price Prediction: Government Transfers $300M Worth of Bitcoin, Mining Difficulty Hits All-Time High
13.7.2023
Bitcoin, the world's largest cryptocurrency, has recently seen a decrease in value, currently trading at $30,330, a drop of 1.07% as of Thursday.
With the government reportedly transferring approximately 10,000 Bitcoin, equivalent to over $300 million, investor sentiment seems to be affected. ...
Lawyer Says Argentina Should Bin Dollarization Plans, Adopt BTC
13.7.2023
A prominent Argentine lawyer has told a leading presidential candidate to bin his dollarization plans in favor of a Bitcoin (BTC) adoption drive.
The comments were directed at Javier Milei, a right-wing political leader who has been described as a populist by some commentators.
Milei...
Bitcoin Price Prediction as US Core Inflation Data is Released – Time to Buy?
12.7.2023
The price of Bitcoin is steady at around $30,600, reflecting a nearly 0.50% increase on Wednesday.
The consumer price index saw a 0.2% rise in June, marking a 3% increase from a year ago, the lowest level since March 2021.
With the release of US core inflation data, investors are evaluating...
Billionaire Investor Tim Draper Still Bullish on Bitcoin, Foresees $250,000 Price in the Future – Here's the Timeline
12.7.2023
Billionaire venture capitalist Tim Draper is standing by his Bitcoin (BTC) price prediction of $250,000 per coin - but he’s pushed it forward to 2025.
“When Bitcoin was $4000, I predicted it would reach $250k (60X) by now,” tweeted Draper at the end of last month. The asset traded for roughly...
Bitcoin Price Prediction: BTC Holds Steady at $30,500 as Market Anticipates June Inflation Data Release
12.7.2023
The price of Bitcoin is currently trading at $30,628, reflecting a nearly 0.50% increase on Wednesday.
As the market awaits the release of June inflation data, the cryptocurrency market remains on "standby" to assess the potential impact on Bitcoin's performance.
Notably, five Bitcoin ETFs have...
Bitcoin Price Prediction as Standard Chartered Says Bitcoin Could Rise to $120,000 in 2024 – Time to Buy?
12.7.2023
The leading cryptocurrency, Bitcoin (BTC), has maintained its upward trajectory and remains well above the $30,000 level.
The surge in Bitcoin's value can be attributed to various factors, including positive predictions, increased institutional adoption, greater acceptance among mainstream...
Sui Chung of CF Benchmarks Confident in Approval of Spot Bitcoin ETF by SEC
11.7.2023
Sui Chung, CEO of the crypto index provider CF Benchmarks, says he is “very optimistic” about the US Securities and Exchange Commission (SEC) approving a spot Bitcoin exchange-traded fund (ETF).
“We are very optimistic that approval will be granted by the SEC because the SEC has consistently...
Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval
11.7.2023
Former Securities and Exchange Commission (SEC) chairman Jay Clayton has said that a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to get approved if it can be shown that the Bitcoin spot market offers the same “efficacy” as the futures market.
“If they’re [applicants] right—that...
Bitcoin Price Prediction: BTC Up 1.5% as Market Focus Shifts to June CPI and PPI Readings
11.7.2023
Bitcoin price is trading at $30,492 in today's market, marking an over 1% rise on Tuesday.
The cryptocurrency market continues to draw attention as Gary Gensler, the chair of the US Securities and Exchange Commission (SEC), faces criticism from a Ripple attorney, who refers to him as a "bad faith...
Bitcoin Price Prediction as BTC Wobbles at $30,000 Support – Is a Larger Sell Off on the Way?
10.7.2023
Bitcoin's price is currently teetering around the crucial $30,000 support level, raising concerns about the possibility of a more significant sell-off.
The cryptocurrency's stability at this critical juncture has attracted considerable attention among traders and investors, as they closely monitor...
Bitcoin's Optimism Fades as Turmoil and Interest Rates Present Challenges
10.7.2023
Bitcoin (BTC) fell lower over the course of last week, as optimism faded among market participants in the face of potentially higher interest rates in the US.
The price of the number one cryptocurrency have largely been in an uptrend since news broke that the world’s largest asset manager...
Volatility Shares Co-Founder: Spot Bitcoin ETF Will Attract New Investors
10.7.2023
A spot Bitcoin (BTC) exchange-traded-funds (ETF) could mark a new phase of institutional investors entering the crypto market.
Justin Young, co-founder and president of Volatility Shares, has said that investors seeking exposure to Bitcoin are searching for the "easiest and most regulated way"...