Tag Archives: BTCEUR

The first ten days of the new month will be quite eventful for the US, with the latest FOMC meeting, CPI numbers, and mid-term elections all scheduled to take place within this timeframe. Given the history between notable announcements and events coming from the US and their impact on bitcoin, it’s safe to assume that there will be a lot of volatility for the asset soon. What Will Happen in the US Soon? The month kicks off with a Federal Reserve meeting, which will be on the...

Bitcoin was stopped once again at $21,000 but has remained above the coveted $20,000 line. Dogecoin continues to steal the show ever since Elon Musk’s acquisition of Twitter became official, being up by triple-digits on a weekly scale. It’s Dogecoin’s Show It’s safe to say that the original memecoin is this week’s best performer. Up until Wednesday, Dogecoin struggled around $0.07, along with the rest of the market. However, the landscape started to change later this week...

A joint study conducted by KPMG China and Aspen Digital estimated that 58% of family offices and high-net-worth individuals (HNWIs) from Hong Kong and Singapore had distributed some of their wealth in cryptocurrencies. At the same time, 34% of the non-investors intend to join the ecosystem in the near future. Almost Two-Thirds Are HODLers The survey revealed that bitcoin and ether are the most popular digital currencies among family offices and HNWIs based in Hong Kong and...

Australia’s inflation hit 7.3%, which is the highest rate in 32 years. Considering the soaring prices of real estate and gas, analysts expect this figure to surge even more before the year’s end. To preserve their wealth during these turbulent times, locals have displayed increased interest in alternative financial assets, including cryptocurrencies. The Aussie government has also put crypto on its agenda. The new Prime Minister of the nation – Anthony Albanese – vowed to...

Bitcoin is back on the offensive once more, following the enhanced volatility yesterday, and is close to breaking above $21,000. The altcoins are also well in the green on a daily scale, led by Dogecoin’s massive gains after the Musk-Twitter deal. Bitcoin Retaps $21K The past several days have been significantly more eventful for the cryptocurrency industry and the market price movements. Bitcoin stood still at $19,000 until the middle of the week, when it shot up to over...

Jim Messina – a key adviser to former US President Barack Obama – thinks blockchain technology and cryptocurrencies are among “the most exciting developments of our lifetime.” The American is highly bullish on bitcoin, saying he is ready to bet his Porsche that it will once again reach $60,000. Messina is Sure BTC’s Price Will Head North In a recent interview for Fox News, Messina predicted that today’s society will be remembered by two things: living in the time of COVID-19...

One of the largest bitcoin miners – Core Scientific – could run out of cash by the end of 2022, which could prompt it to file for bankruptcy. The firm’s shares took a major punch following the news. Current market data shows they trade at around $0.28, an approximately 72% decline compared to yesterday’s figures. The market decline, the rise in energy costs, and increased competition are the main factors that have negatively impacted the entity’s performance and liquidity....

Bitcoin reached past $21,000 on Wednesday for the first time since mid-September, following a lower-than-expected rate hike at the Bank of Canada.  Economists say the move may signal a reversal from the central bank’s tight monetary policy stance. The Effect of Rate Hikes Canada’s central bank, which announced a 50 basis point increase to its policy rate on Wednesday, said its recent rate hikes are showing evident effects in “interest sensitive” economic areas. “Housing...

As per the data compiled from Morningstar Direct for FT, the Bitcoin Strategy fund (BITO) launched in October 2021 by ProShares lost money on an “unprecedented scale.” The ETF has attracted consistent inflows throughout the past year, with only two withdrawals. However, data suggested net inflows of $1.8 billion in its debut year, while its current assets were recorded at $624 million, meaning a 70% drop in the fund’s equity price. Down 70% Jeffrey Ptak, chief rating officer...

The power tussle between the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over regulatory oversight of the crypto market continues to confuse investors about which rules to follow.  In line with the turf war conflict between the two market watchdogs, CFTC chairman Rostin Behnam has reiterated that Bitcoin (BTC) and Ethereum (ETH) are commodities, not securities.  Behnam Says Ether is Commodity Despite PoS...