Bitcoin (BTC)

The Bitcoin price has recovered above the pivotal $60K mark, causing many to believe that the bulls are back and a larger rally is in play. At the time of this writing, BTC trades at above $61K, charting an increase of more than 4% in the past 24 hours alone. Source: TradingView As seen in the chart, the price exploded during the last hour as the volatility was significantly less before that. This move has resulted in over $100 million in liquidations in the derivatives...

North Carolina-based hedge fund manager Morgan Creek Digital intends to raise roughly $500 million for a new fund focused on investing in artificial intelligence (AI), blockchain technologies, chips, and data opportunities. According to a press release, Morgan Creek’s new fund will invest in early-stage companies that combine AI power with blockchain technology and the associated chips to unlock value from data. Morgan Creek To Raise $500M for New Fund Morgan Creek is looking...

TL;DR: An altcoin rally is still seen as a possible scenario in 2024 Bitcoin Cash (BCH) has to re-conquer $400 before heading for the predicted range of$700 Cardano (ADA) now waits for nodes to implement the Chang hard fork Clandeno (CLD) aims to place its shares with investors that aim for active assets with a positive upside The altcoin market still holds prediction in play, potentially sending coins from previous seasons to new peaks. Bitcoin Cash (BCH) is still keeping a...

Bitcoin and, by extension, cryptocurrencies have never been more relevant to voters than in the 2024 presidential election. A new poll funded by crypto-focused investment firm Paradigm showed that 13% of Republicans who originally did not intend to vote for Donald Trump had a more positive view of him after he reversed his previous stance on the asset and positioned himself as a proponent of the industry. Trump’s Crypto Conversion Sways Reluctant Republicans As Trump...

The US Securities and Exchanges Commission (SEC) has dropped its investigation into Bitcoin layer 2 Stacks and builder Hiro. This news comes right after the SEC stopped looking into Paxos for securities violations for issuing the Binance USD (BUSD) stablecoin this past week. Many are celebrating these developments as the stringent financial regulator is appearing to let crypto projects breathe and not obstruct innovation through securities violation claims. In a letter to the legal counsel...

Bitcoin has recently seen an uptick in demand near a crucial support level, leading to a slight rebound above the 200-day moving average at $59.2K. This price action highlights the potential for a bullish reversal if the price stabilizes above the 200-day moving average. Technical Analysis By Shayan The Daily Chart A detailed analysis of Bitcoin’s daily chart reveals that after a prolonged bearish trend, Bitcoin broke below the 200-day moving average at $59.2K, introducing...

The total inflow to the ten U.S. spot Bitcoin ETFs reached $310 million, or 5,361 BTC, on Friday, July 12. This is the largest inflow to the derivatives products since June 5, according to Farside Investors. Moreover, it is the sixth consecutive day of positive flows, indicating that institutional investors have been buying the bottom of the recent market correction. The total inflow for the past week has topped a billion dollars, and the products have not seen an outflow...

Bitcoin (BTC) is currently at a critical point that could determine whether its price will bottom out or decline further in a correction like that seen in the summer of 2021. While some metrics suggest that the leading crypto asset has reached the bottom of its latest correction, others signal that there could be more bloodshed and pain for market participants. Bitcoin at Pivotal Point CryptoQuant’s latest weekly crypto report says bitcoin’s price may take a little longer to...

According to a report by a Malaysian news outlet, MalayMail, Bitcoin and crypto mining operations were mostly responsible for the massive electricity theft in the country between 2018 and 2023. Despite the crackdown, crypto mining and general services are not illegal in the Asian country. Bitcoin Mining Using Stolen Energy Akmal Nasrullah Mohd Nasir, the Deputy Minister for the Energy Transition and Water Transformation docket in Malaysia, noted that between 2018 and 2023,...

US Spot BTC ETFs observed the largest net inflows this week on Friday, recording $310.21 million, according to SoSo Value data. It also marks the largest inflows recorded since June 5, as ETF investors began pulling out of their positions due to selling pressure induced by the German government moving tremendous amounts of bitcoin and Mt. Gox repayment anticipation. Despite bitcoin’s price dropping to prices lesser than what was seen last month, investors are returning to ETFs to buy the...