Bitcoin (BTC)

BitMEX has made a strategic decision to enhance the utilization of Bitcoin block space and minimize withdrawal fees for its users. In a significant update, effective November 1, 2023, BitMEX will issue new Bitcoin deposit addresses to all its customers. BitMEX Reissues Bitcoin Deposit Addresses BitMEX has recently unveiled a significant update aimed at optimizing the use of Bitcoin block space and reducing withdrawal fees for its users. According to an October 30...

The countries created a policymaking group to further the asset tokenization tests and help with navigating legal and compliance concerns. Government agencies in multiple countries are collaborating on asset tokenization tests with real-world assets. In a Monday announcement from the Monetary Authority of Singapore (MAS), regulators in Japan, Switzerland, Singapore, and the UK are all working on tokenization pilots in foreign exchange, fixed income, and asset management products. The...

TL;DR Bullish BTC Forecast: Josh Olszewicz predicts Bitcoin may reach $38,000 by year’s end, based on a chart placing BTC in a bullish zone between $33,500 and $35,000. Potential Price Retrace: If Bitcoin falls below the current resistance, it could retrace to around $31,000. Key Factors for Bull Run: Major drivers for a potential Bitcoin bull run include the SEC’s potential approval of a BTC ETF, the upcoming halving, increased adoption, and institutional interest. Even AI...

CME’s rise to prominence is often viewed as a sign of an institutional-led rally in the cryptocurrency market. The Chicago Mercantile Exchange (CME), a regulated financial marketplace is surging through the ranks of the largest Bitcoin (BTC) futures and perpetual futures exchanges by Open Interest, and it’s reminiscent of the early stages of the 2020-21 bull run. Bitcoin Futures Exchange: Open Interest and Rankings With a notional Open Interest (OI) of $3.54 billion, CME has now secured...

In anticipation of this pivotal event, there has been a substantial uptick in trading volume for products launched by ProShares and Grayscale. Activity surrounding Bitcoin investment products, particularly exchange-traded funds (ETFs), has seen a notable increase. This surge is primarily driven by the growing excitement within the market about potential ETF approvals in the United States. Speculation and expert opinions on the potential acceptance of the Grayscale Bitcoin Trust (GBTC) by...

Stellar lumen price is attempting a fresh increase from the $0.1100 zone against the US Dollar. XLM price is now trading above $0.1125 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1140 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1165 resistance zone. Stellar lumen price is trading above $0.1150 against the US Dollar, like...

XRP price started a downside correction below the $0.565 zone against the US dollar. The price is now trading above $0.540 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5440 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase above the $0.565 resistance. XRP price is consolidating near $0.550 against the US Dollar, like Bitcoin. It must stay above the...

The prospect of another bull market has ignited hope and excitement within the crypto community, and market watchers suggest astute investors are eyeing opportunities in promising assets like Bitcoin Spark (BTCS) and Ethereum (ETH). What is Ethereum? Ethereum is a blockchain that has gained immense prominence. Its unique proposition lies in the ability to support smart contracts and decentralized applications (DApps). This has positioned Ethereum as a pivotal player,...

Galaxy Digital, the crypto venture led by U.S. billionaire Mike Novogratz, has projected a substantial capital influx into spot Bitcoin exchange-traded funds (ETFs). According to the estimations, these ETFs could witness an impressive $14.4 billion in inflows during their inaugural year, potentially reshaping the investment landscape. The venture contends that the allure of spot Bitcoin ETFs surpasses existing investment avenues, such as trusts and futures, which currently...