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Tag Archives: BTCEUR

Approving a Spot BTC ETF Would be ‘Hard to Resist,’ Former SEC Chair Says

Jay Clayton – former Chairman of the US Securities and Exchange Commission (SEC) – believes the agency should approve a spot Bitcoin ETF in America if the interested companies prove the safety of the product. However, he could not predict when such a green light would come. Multiple behemoths, including BlackRock, Invesco, and Fidelity Digital Assets, have recently filed to launch such a fund. The SEC has previously given its nod to a futures BTC ETF but has been reluctant to...

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Bitcoin Will Explode to $120K in 2024, the US Dollar Will Die: Robert Kiyosaki

Robert Kiyosaki – an American investor, motivational speaker, and author of the book “Rich Dad, Poor Dad” – forecasted a grim future for the US dollar, advising people to focus on precious metals and bitcoin. He believes the primary cryptocurrency can skyrocket to $120,000 in 2024.  The leading British banking institution – Standard Chartered – also thinks the asset can reach that milestone next year. Another Bullish Prediction South Africa will host the leaders of Brazil,...

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US Presidential Candidate Robert F. Kennedy Holds Bitcoin (BTC)

Robert F. Kennedy – a US presidential candidate from the Democratic party and an outspoken advocate of the cryptocurrency industry – revealed owning between $100,001 and $250,000 worth of bitcoin.  The disclosure comes approximately two months after the Miami BTC conference, where he said he is not a crypto investor. Kennedy Owns Over 3 BTC According to a financial disclosure report seen by CNBC, the Kennedy family held up to $250K in bitcoin as of June 30. While this could...

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Banking Giant Standard Chartered Sees Bitcoin Tapping $50K in 2023 and $120K in 2024 (Report)

One of the biggest British banking institutions – Standard Chartered – has reportedly forecasted that bitcoin’s price could reach $50,000 by the year’s end and skyrocket to $120,000 by the end of 2024.  The bank has not always been that bullish. Eric Robertsen – Global Head of Research at Standard Chartered – suggested in December 2022 (shortly after the FTX crash) that bitcoin could sink to $5,000 in 2023, whereas gold could soar to $2,250 per ounce. Those predictions have...

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Bitcoin Sharks and Whales Accumulated $2B Worth of BTC Since BlackRock’s ETF Filing

Despite bitcoin’s relatively flat trading at between $30,000 and $31,000 lately, BTC sharks and whales have purchased approximately $2.14 billion (calculated at current prices) worth of the leading digital asset since June 17.  According to Santiment’s data, those investors own around 13.02 million BTC, equaling over $391 billion. The Recent Accumulation Spree The analytics platform focused on cryptocurrencies – Santiment – estimated that bitcoin sharks and whales (those who...

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Will Bitcoin Plummet Below $30K or Are the Bulls Staging a Recovery? (BTC Price Analysis)

After the recent surge in Bitcoin’s price and the successful breakout above the significant $30K resistance level, the market is now undergoing a period of consolidation. However, noteworthy signals are emerging during this phase. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has repeatedly tested the $30K level since breaking above it recently. While this level has provided support so far, there are concerning indications in the form of a...

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Breakdown of BTC’s Price Performance After Previous Halvings, Will History Repeat?

With less than a year remaining until Bitcoin’s fourth ever halving, speculation has already begun on whether this one will be followed by the same or similar bull runs as the previous ones. In-depth data shows that the asset’s price performance has been rather identical before and after the last two such events. The Halving Effect Upon creating the network, the anonymous developer Satoshi Nakamoto incorporated an event called the halving, which occurs every 210,000 blocks...

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Why Bitcoin (BTC) Is Up 85% This Year: Q2 2023 Review

Bitcoin (BTC)’s performance this year is modeling that of previous 4-year market cycles, signaling the early innings of another potential bull market, according to market analysis firm Reflexivity Research. The firm published a report this week exploring drivers behind the asset’s strong performance in Q2, examining both market structure and on-chain data. Who Is Buying Bitcoin? As the report states, Bitcoin’s present tailwind to two critical events this year: the banking...

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Marathon Digital Mined 21% Less BTC in June due to Extreme Weather Conditions in Texas

One of the leading cryptocurrency mining companies – Marathon Digital – produced 979 BTC in June, 21% less than the 1,245 BTC mined in May. As of the end of last month, the company owned 12,538 BTC, making it one of the biggest corporate holders of the primary digital asset. The June Figures The US-based BTC miner announced that the extremely hot weather in Texas last month and the emergence of Ordinals, which “significantly increased transaction fees,” have negatively...

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Bitcoin Vs. BTC Companies: What’s The Better Buy?

Bitcoin (BTC) has treated its faithful well in 2023, having appreciated over 80% year to date. However, there may be better ways for investors to capitalize on the asset’s success besides stacking actual sats. Here’s a look at how some Bitcoin-related assets and companies are performing next to BTC, from financial companies to mining stocks. Mining Stocks Are Booming Shares for multiple publicly traded Bitcoin miners surged on Friday, including CleanSpark (CLSK; 11.32%), Riot...

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