Bitcoin (BTC)

Investors stateside in both the cryptocurrency and traditional finance worlds are eagerly awaiting a Bitcoin ETF product in the U.S. But those in Europe looking for an XRP exchange-traded product will have one next month. Europe Gets an XRP ETP in December DeFi Technologies, Inc. announced last week it will debut a new Ripple XRP ETP on a European exchange. The Canada-based Web 3.0 company will be ready to launch the product in early December. It will offer the product...

TL;DR ADA’s Strong Performance: ADA has seen a nearly 70% increase in price this year, with experts predicting continued growth in 2024, possibly reaching new highs. Optimistic Predictions for 2024: Twitter user Ali sets a $10 target for ADA by summer 2024, while Dan Gambardello predicts a spike to $11 post-BTC halving, with a potential market cap of $400 billion. 2025 Projections: Analyst FieryTrading suggests ADA could reach $35 in 2025, a significant increase from its...

Crypto investors anticipate bull markets as they are closely associated with massive capital gains for smart individuals, whales, and institutions that invest wisely during bear markets. The market is showing signs of recovery from a bear that has reigned supreme since 2022 began. It was fueled by several macroeconomic factors, including the collapse of major crypto institutions such as lending and borrowing platforms, increased hacks and malicious technical attacks on DeFi...

On Nov 1, the IRS announced, “The limit on annual contributions to an IRA increased to $7,000, up from $6,500,” for the 2024 tax year. The 401(k) limit also went up by $500 to $23,000. That means Bitcoin investors who are saving for retirement with a self-directed Bitcoin IRA can now contribute $500 more next year. Bitcoin IRA Contributions Are Tax Deductible Saver investors looking to hedge inflation, diversify their portfolio, or add a risk-reward, high-growth tech play to...

While BTC’s price has been on a roll in the past few months, certain stocks with strong relation to the asset or the industry have been flying as well. Such is the case with MicroStrategy, whose stock price is up by more than 250% since the start of the year, and Coinbase (COIN), which has seen a surge of 240% in the same timeframe. COIN and MSTR Up by Triple Digits YTD After the atrocious 2022, which saw market prices decline by more than 50% in months amid geo-political...

The realized capitalization for bitcoin has recently witnessed significant growth and increment, indicating an improvement in the liquidity conditions of the leading digital asset. According to a report by on-chain market analytics platform CryptoQuant, bitcoin’s growing realized cap and the rising stablecoin market cap are evidence of the influx of new capital into the crypto market. Bitcoin’s Growing Realized Cap The realized cap is a metric that helps estimate bitcoin’s...

The Bitcoin spot ETF narrative has numerous analysts and famous figures in the crypto space debating how much BTC will be worth if the ETF gets approved. The recent developments in the cryptocurrency market — the aftermath of the DOJ settling with Binance in $4.3 billion deal and the removal of CEO Changpeng Zhao — have sparked a re-evaluation of the bullish narrative surrounding the potential approval of a Bitcoin exchange-traded fund (ETF). The Binance drama initially led...

Shares for the Grayscale Bitcoin Trust (GBTC) – the world’s largest Bitcoin fund – are nearly back to parity with Bitcoin (BTC)’s price after trading deeply underwater for the past two years. Their rising value reflects market confidence that Grayscale’s efforts to convert its fund into a Bitcoin spot ETF will prove successful. The SEC’s Promising Meetings Starting on Wednesday night, GBTC’s discount to NAV ratio shrank as low as 8.6%, according to Bloomberg ETF analyst Eric...

A prominent Bitcoin Lightning wallet provider – Wallet of Satoshi – announced its decision to remove its app from the US Apple and Google app stores. In a Twitter post addressed to the community, Wallet of Satoshi clarified that it will cease catering to customers in the country. This sparked speculation that the decision might be linked to a growing hostility from US regulatory authorities toward the cryptocurrency industry. Another Player Quits the US Market The latest...

Christine Lagarde – president of the European Central Bank (ECB) said her son lost “almost all” of his investment in crypto despite her repeated warnings not to touch the asset class. Due to the losses, she claims her son has now “reluctantly accepted” that she was right. The Lagarde Family’s Crypto Investments Lagarde discussed her son’s poor crypto journey at a town hall with students in Frankfurt on Friday. “He ignored me royally, which is his privilege,” she said,...