Tag Archives: BTC

CoinspeakerBitcoin Critic Peter Schiff Predicts $10 Million BTC Price If This Happens Schiff also criticized mainstream media coverage of Bitcoin ETFs, noting that many analysts expressing caution now did not offer such warnings before their launch. Bitcoin Critic Peter Schiff Predicts $10 Million BTC Price If This Happens

CoinspeakerCanaan Secures $50M in Preferred Shares Sale to Bolster Expansion Efforts Canaan disclosed in the SEC's Form 6-K filing that the new funding round would enhance its research and development capabilities, support innovation in its crypto mining rigs, and expand its production scale. Canaan Secures $50M in Preferred Shares Sale to Bolster Expansion Efforts

CoinspeakerMatrixport Predicts Bitcoin to Fall to $36,739 amidst ETF Profit-Taking Q1 has been predicted to be challenging for Bitcoin according to Matrixport, with the price expected to dip to around $36,000 and then recover. Matrixport Predicts Bitcoin to Fall to $36,739 amidst ETF Profit-Taking

CoinspeakerUS Government Plans to Sell $130M Worth of Bitcoins Seized from Silk Road The US government confiscated Bitcoin holdings associated with the Silk Road marketplace in two instances, first in Memphis, Tennessee, on February 10, 2021, and then in Arlington, Virginia, on May 11, 2021. US Government Plans to Sell $130M Worth of Bitcoins Seized from Silk Road

Bitcoin price started a fresh decline below the $42,000 level against the US Dollar. The price is now trading below $42,500 and the 55 simple moving average (4 hours). There are two bearish trend lines forming with resistance near $40,950 and $41,650 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could face heavy resistance near the $41,500 zone in the near term. Bitcoin price is declining below $42,000 against the US Dollar. BTC might...

Bitcoin price started a fresh decline below the $45,000 level against the US Dollar. The price is now trading below $44,500 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $44,400 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could extend its decline toward the $41,500 and $40,000 levels. Bitcoin price is declining below $45,000 against the US Dollar. BTC might extend losses...

Since the launch of the BTC ETFs last week, the industry has recorded a significant inflow of BTC products compared to other ETFs in the market. Cryptocurrency exchange Bybit said on Tuesday that the recent approval of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States represents a “watershed moment” for retail investors. On January 10, 2024, the Securities and Exchange Commission (SEC) granted approval to 11 prominent financial companies, including Grayscale...

While being bullish on Bitcoin ETFs for the long term, Arthur Hayes expressed bearish sentiments on Bitcoin in January, anticipating a short-term correction of up to 30% in prices. In a recent post on Tuesday, Arthur Hayes, Chief Investment Officer of the family office Maelstrom and former CEO of BitMEX, delves into the allure of Bitcoin (BTC) for investors, citing market inefficiency and its uncorrelated behavior with traditional assets as key factors attracting billions in capital from...

SUI has demonstrated an impressive surge over the last couple of days, taking the token’s price to a new ATH. The price of SUI, currently the 50th largest cryptocurrency by market capitalization according to CoinMarketCap data, hit a new all-time high (ATH). SUI rose to $1.43, the highest price since May 2023, shortly after the network’s launch. The platform’s market cap is now at $1.54 billion. SUI seems to be on an impressive bull run, climbing more than 10% in the last 24 hours, and...

JPMorgan predicts that a lot of money currently invested in other crypto instruments will be re-directed to the Bitcoin spot ETF. Even before the Bitcoin spot ETF was approved, industry experts had already predicted that it would be high in demand. Given how many years companies in the crypto space pursued an ETF, that was to be expected. But now, a report from JPMorgan casts light on just how popular the new crop of spot Bitcoin ETFs has been. As per the report, a lot of the capital...