Tag Archives: BTC

The timing aligns perfectly in 2024 for a spot ETF approval to have already attracted significant investment, and then the halving decreases Bitcoin’s supply right when demand shoots higher. After yet another banner year in 2023 with over 150% gains, all eyes are on Bitcoin (BTC) to see if the flagship cryptocurrency can sustain its epic run in 2024. Key factors stacking up in Bitcoin’s favor for the coming year have analysts extremely bullish on its prospects. From the possibility of the...

According to analysts at Bitfinex, crypto is undoubtedly gaining more traction globally. Moreover, considering the current state of the crypto market, especially with asset prices, it appears that even more global acceptance is on the way for crypto. Bitfinex analysts have made a bold prediction about the number of users that we might expect to see in the crypto industry come 2024. Their prediction, which was detailed in a recent report suggests that the number of crypto users may be...

Recent reports demonstrate that Marathon Digital has been eager to expand its business. The stock of Bitcoin mining company Marathon Digital Holdings Inc (NASDAQ: MARA) has so far seen remarkable growth in 2023. This follows after it surged 628.82% since January 1 to bring its current price to $26.47 on MarketWatch. Although the stock price shows a major decline from its all-time high of $166.40, it also indicates an appreciable gain over the last 12 months. The rise of MARA, however,...

Following the devaluation of its local currency and years of inflation, Argentina now legally recognizes contracts that stipulate Bitcoin as its currency of choice. Ahead of Christmas, the crypto sector in Argentina has gotten a major win as contracts denominated in Bitcoin have now been legally recognized. This news comes via  Argentina’s Minister of Foreign Affairs, Diana Mondino. This also comes as Argenitna’s national currency the Argentine peso has seen a dip in its value. Bitcoin...

In its initial filing, BlackRock mentioned that the Prime Execution Agent would obtain BTC to support the ETF’s shares on a 1-to-1 ratio. Although the company didn’t disclose the name of the chosen agent, it did identify Coinbase as the proposed custodian.  BlackRock Inc (NYSE: BLK), the world’s largest asset manager, is putting the final touches to its plan for a Bitcoin exchange-traded fund (ETF). As part of the process, the company intends to use a third-party broker, which it regards...

Amidst the sell-off, Ark Invest has strategically acquired 158,334 shares ($12.1 million) in Jack Dorsey’s Block Inc for its Next Generation Internet ETF.  Ark Invest, a renowned asset management firm led by Cathie Wood, has been making strategic adjustments to its portfolio, most notably in its dealings with Coinbase Global Inc (NASDAQ: COIN) and Grayscale Bitcoin Trust (GBTC). According to the company’s recent trade filing, Ark Invest sold additional tranches of Coinbase shares,...

The overall crypto market cap was close the $1.7 trillion mark on Wednesday, signaling that more money might be flowing into the crypto industry. Bitcoin (BTC) price rebounded from some of its losses from yesterday, edging close to the $44,000 level early Thursday morning. Recall that on Wednesday, US stocks recorded an unexpected drop that saw the S&P 500 index closing 1.42% lower on the day. This drop, albeit unsurprisingly, was enough to impact riskier assets like Bitcoin and the...

Elastos aims to use BeL2 to allow users to stake their Bitcoin holdings directly on the service. Blockchain network Elastos may have devised a strategy to take advantage of the current high demand for Bitcoin (BTC) staking on its platform. This follows after it launched BeL2, a Bitcoin layer-2 network, in a supposed effort to retain the billions of dollars in BTC volumes that currently flow from the staking tools it offers. According to Elastos developers, BeL2 is an upgrade to the base...

CryptoQuant says factors like the halving, ETF, approval, and rate cuts, could push Bitcoin to $160K next year. Analysts are bullish on the potential of Bitcoin (BTC) for next year, indicating several factors that could pump the price to $160,000. According to a blockchain analytics firm CryptoQuant report, Bitcoin may already be on its way to more than double its current all-time high (ATH). Multi-Factorial Push for Bitcoin, According to CryptoQuant CryptoQuant highlighted several...

By removing barriers that have discouraged participation, Saylor predicts that Bitcoin spot ETFs will lead to a surge in demand as previously untapped capital flows into the limited cryptocurrency market. According to MicroStrategy Chairman Michael Saylor, the upcoming Wall Street launch of Bitcoin (BTC) spot exchange-traded funds (ETFs) is a significant event. Saylor recently stated on Bloomberg that he believes these new funds could be the most significant development in the investment...