Tag Archives: Bitcoin News

BTC and ETH prices remained mostly unchanged this past weekend after dropping last Friday. BTC’s price dropped significantly last week – many believed it would overtake the all-time high (ATH), but it fell flat, dropping below $69,000 from about $72,000. Macroeconomics was at play as non-farm payroll figures were much better than expected as the US economy added 272,000 new jobs instead of the predicted 185,000 jobs. That will have other effects, such as the Fed not cutting interest rates,...

Standard Chartered, the British financial institution, claims bitcoin can hit $100,000 by November and surge to $150,000 if Donald Trump wins the US presidential election. Analysts for the institution feel Trump’s siding with the crypto industry is a bullish factor, and as the US heads toward the election in November, BTC will reach the six figures. Trump’s anti-crypto rhetoric from his last term has changed this time as he takes a pro-crypto stance going into the election. This past week, he...

As the crypto community awaited BTC to push past its all-time high (ATH) of $73,738, with it inching closer to $72,000, the asset’s price quickly dropped to around $68,500 during the weekend. It now fluctuates over $69,000. The price drop has wiped off most of the gains BTC witnessed the past week, cooling off the momentum it was gaining to set a new ATH. BTC’s reductions come after a massive selloff that saw over $450 million in liquidations as the US government issued its employment report...

Bitcoin’s price is still fluctuating around the $71,000 mark, and it is unable to break through its all-time high (ATH) of $73,738 set a couple of months ago. It rose to the current level a few days ago, before which it exchanged hands at less than $70,000. The price action has been slow despite a nineteen-day streak of growing BTC ETF inflows. Onlookers are wondering why bitcoin is not going past its recently set ATH despite raging ETF interest. Spot BTC ETFs in the US and elsewhere...

The first-ever spot bitcoin ETF starts trading today in Australia. Listed on Cboe Australia, the Monochrome Bitcoin ETF (IBTC) is managed by Monochrome Asset Management Pty Ltd. The Australian Securities & Investments Commission (ASIC) approved the exchange-traded product sometime during the first quarter of 2024. With the listing going live on June 4, 2024, IBTC becomes the first ETF on Cboe to offer investors direct exposure to bitcoin in a completely regulated setting. According to...

Michael Saylor, Founder and Executive Chairman of MicroStrategy and avid bitcoin supporter, and his company have settled with the District of Columbia for $40 million on what is being called the biggest-ever tax fraud recovery in the district. The District of Columbia brought the suit in 2022 – the first-ever lawsuit filed under the False Claims Act, which accused Saylor of evading taxes while he resided in the district. DC officials claimed he evaded paying taxes for the 10-year period he...

US President Joe Biden signed a veto to stop a resolution from overturning the Staff Accounting Bulletin No. 121 (SAB 121) of the SEC (Securities and Exchanges Commission) on Friday, riling immediate contention from the crypto industry. The resolution to rescind the SEC’s guidelines saw bipartisan support in both the Houses of Congress – the House of Representatives and the Senate, with them voting 228 to 182 and 60 to 38, respectively, to repeal the bulletin. SAB 121 is an accounting...

CoinspeakerBitcoin (BTC) Remains Resilient despite Macro Risks, Analyst Warns Despite hitting an all-time­ high of $73,800 nearly three months ago, BTC still ne­eds to revisit these­ levels, stalling in its price discove­ry phase. Bitcoin (BTC) Remains Resilient despite Macro Risks, Analyst Warns

CoinspeakerCrypto Boom: Market Surges by $200B as BTC and ETH Hit 6-Week Highs Ethereum spearheaded the altcoin rally, driven by renewed optimism about the approval of spot ETH ETFs by the US SEC. Crypto Boom: Market Surges by $200B as BTC and ETH Hit 6-Week Highs

CoinspeakerBitcoin Reaches New Highs against Japanese, Argentine, Philippine Currencies The new milestone achievement comes as the Japanese yen has weakened against the US dollar, losing 10% of its value since January. Bitcoin Reaches New Highs against Japanese, Argentine, Philippine Currencies