Tag Archives: BTCGBP

After marking a new 13-month high yesterday at almost $32,000, bitcoin has been rejected once again and even dipped below $30,000 hours ago. Most altcoins are also in the red today following the recent gains, except for DOGE, SHIB, OP, and a few others. BTC Stopped Most of the working week went by quietly for the primary cryptocurrency as the asset spent it trading sideways in a tight range between $30,000 and $31,000. All that, however, changed on Thursday evening when Judge...

Eric Adams – the mayor of New York City – has reportedly pledged to amend his annual financial disclosure form after failing to include his cryptocurrency stash.  The former police officer is an outspoken proponent of bitcoin and received some of his salaries in BTC instead of fiat currency.  Fixing the Mistake As reported by CNBC, Adams asked if he could correct the document filed with the Conflicts of Interest Board since he misunderstood one of the questions. Asked whether...

Bitcoin (BTC) quickly fell back to $30,000 on Friday as market hype surrounding the court’s recent ruling on XRP has begun to fade. The volatility has triggered $245 million in liquidations across the entire crypto market in the last 24 hours, according to CoinGlass. Most liquidations occurred across a combination of BTC, Ether (ETH), and XRP trades. XRP exploded 75% on Thursday after a judge delivered summary judgment in its lawsuit against the U.S. Securities and Exchange...

The past seven days will go down in history as the week when Ripple scored a massive win in court against the United States Security and Exchange Commission. In fact, the news is so important that it’s hard to talk about anything else. However, it’s worth mentioning that the entire market took to the skies following the development, and BTC is finally trading above $31K, while ETH is above $2K. Now, let’s dive into some specifics. More than three years ago, the SEC filed a...

Egypt is yet another country that currently copes with severe financial difficulties and galloping inflation, which have harmed the local currency. As such, the price of bitcoin against EGP has surged notably lately, exceeding 1,200,000 EGP on Binance, which is a record high. It is worth mentioning that the valuation is not that high on other cryptocurrency exchanges, such as Coinbase. The Outcome of the Monetary Disruption Despite Egypt’s GDP gradually growing in the past...

Coinbase’s shares spiked to almost $90 following the news that exchange operator Cboe Global Markets filed amended applications of three spot BTC exchange-traded funds, adding surveillance-sharing agreements with Coinbase. The US Securities and Exchange Commission has yet to decide on the launch of such a product. It remains unknown whether the lawsuit filed against Coinbase by the watchdog will affect its final ruling. Rising to Almost One-Year High Cboe Global Markets – an...

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...

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,...

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...

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...