Tag Archives: btcusd

As of late October, the SEC is reportedly reviewing eight to ten potential spot Bitcoin spot ETF filings. Asset manager Valkyrie has recently made waves due to its decision to amend its prospectus for a spot Bitcoin (BTC) ETF filed with the US Securities and Exchange Commission (SEC). The Valkyrie Bitcoin ETF Update James Seyffart, a renowned analyst at Bloomberg, shared this development on social media platform X, shedding light on Valkyrie’s efforts to meet the SEC’s requirements for its...

With the imminent launch of Bitcoin spot ETFs, many institutions are also looking to gain increased exposure to BTC. Exactly 15 years ago, Satoshi Nakamoto, the pseudonymous creator of Bitcoin, sent the Bitcoin whitepaper via email to a select number of cryptographers. Satoshi is fondly quoted to have opened the email saying: “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.” He then went on to link the Whitepaper which he...

CME’s rise to prominence is often viewed as a sign of an institutional-led rally in the cryptocurrency market. The Chicago Mercantile Exchange (CME), a regulated financial marketplace is surging through the ranks of the largest Bitcoin (BTC) futures and perpetual futures exchanges by Open Interest, and it’s reminiscent of the early stages of the 2020-21 bull run. Bitcoin Futures Exchange: Open Interest and Rankings With a notional Open Interest (OI) of $3.54 billion, CME has now secured...

In anticipation of this pivotal event, there has been a substantial uptick in trading volume for products launched by ProShares and Grayscale. Activity surrounding Bitcoin investment products, particularly exchange-traded funds (ETFs), has seen a notable increase. This surge is primarily driven by the growing excitement within the market about potential ETF approvals in the United States. Speculation and expert opinions on the potential acceptance of the Grayscale Bitcoin Trust (GBTC) by...

In September, a Seattle startup lab of white hat hackers sent proof to a senior writer at WIRED Magazine that they could crack the IronKey S200 thumb drive containing 7002 Bitcoins. But former Ripple CTO Stefan Thomas incredibly refused an offer by the Seattle startup, named Unciphered, to access the USB drive for him. Fmr. Ripple CTO Getting Closer to His 7002 Bitcoins Thomas told WIRED that he had already hired another team to work on the problem for him. The former Ripple...

The past few days have been mostly about consolidation, following Bitcoin’s rally to $35K and the slight correction that followed. These tend to be periods where the price fails to excite, but rather, market participants are evaluating their current standings and projecting what might happen next. Bitcoin Price Steady Above $34K The past 24 hours were optimistic for Bitcoin’s price, which managed to maintain above $34K. In fact, BTC attempted a push, but it was unable to...

Bitcoin price surged in a breakout rally to briefly touch $35,000 this month. But Euro Pacific Capital’s founder and chief global strategist doesn’t think it will last. This month saw the ever-widening buzz surrounding a hotly anticipated approval by the SEC of a spot Bitcoin ETF. The excitement has pushed blowout Bitcoin sales on crypto exchanges. But leave it to “Dr. Doom” (as Peter Schiff was nicknamed by the CNBC crowd during the housing bubble) to balk at Bitcoin’s...

Bitcoin’s price has expanded considerably throughout the past week, charting an increase of around 15%. We take a look at some of the important technical levels and whether or not the rally has any future potential. By Shayan Recently, Bitcoin made a decisive breakout above the crucial 100 and 200-day moving averages and surpassed its yearly high at $32K, reinstating bullish sentiment in the market. Currently, Bitcoin faces a significant resistance region, suggesting the...

The market is seemingly starting to wake up, and enthusiasm is as high as it’s ever been this year. The industry added another $140 billion to its capitalization throughout the last seven days on the back of considerable gains across the board. Starting off with Bitcoin’s price, it’s up a whopping 14.3% in the past week, currently trading at around $34,000 at the time of this writing. Last weekend was relatively slow, but it all changed on Tuesday when the price exploded...

According to the analyst, November will pave the way for a plausible BTC surge above the $45,000 mark. As Bitcoin (BTC) continues its bullish trajectory over the week, the cryptocurrency market is abuzz with speculation about its next milestone. According to a comprehensive analysis by prominent financial analyst CryptoCon, Bitcoin is poised to hit a significant threshold of $45,000 in November, leveraging insights from previous market cycles. CryptoCon shared these insights in a series of...