Tag Archives: btcusd

CoinspeakerJPMorgan: Bitcoin ETF Approval by SEC Won’t Revolutionize Crypto The report acknowledges that physically-backed Bitcoin ETFs offer certain advantages over futures-based funds. JPMorgan: Bitcoin ETF Approval by SEC Won’t Revolutionize Crypto

Bitcoin has been struggling to surpass the significant resistance region of $30K for some time now, despite an overall bullish outlook. Recent price movements have shown bearish signals that could potentially lead to a short-term reversal. Technical Analysis By Shayan The Daily Chart Bitcoin’s bullish rally has come to a halt upon reaching the crucial resistance region of $30K. This price range holds significant psychological resistance and has acted as a major barrier to the...

CoinspeakerBitcoin Hits New 2023 High Not Seen in 13 Months The price of Bitcoin could continue its way upwards as the SEC mulls spot ETF applications, leading to a new 2023 high for the king coin. Bitcoin Hits New 2023 High Not Seen in 13 Months

CoinspeakerBlackRock CEO Larry Fink Says Bitcoin Has Potential to Revolutionize Finance Fink believes that a spot Bitcoin ETF has the potential to be as revolutionary for the financial sector in general as traditional ETFs were for the mutual fund industry. BlackRock CEO Larry Fink Says Bitcoin Has Potential to Revolutionize Finance

According to data provided by Glassnode, long-term holders currently hold almost 14.5M bitcoin (BTC). LTHs have been on a gradual accumulation spree in the past year and a half despite the prolonged bear market.  Blockchain analytics firm CryptoQuant has recently revealed that institutional investors (hedge funds, pension funds, commercial banks, insurance companies, and more) have also shown an increasing appetite for holding the primary cryptocurrency in the long run. So...

A new report by the cryptocurrency exchange Bitfinex revealed that the latest on-chain metrics and investor behavior suggest the crypto market may be ready for the next bull run. In the weekly edition of the Bitfinex Alpha report, the crypto exchange noted that Bitcoin’s Spent Output Profit Ratio (SOPR) and Net Unrealized Profit and Loss (NUPL) indicators have moved into the green, showing that almost all BTC trades have been profitable since the leading asset breached the...

CoinspeakerBitcoin Ordinals Launchpad Luminex Announces BRC-69 Standard to Simplify Recursive Inscriptions According to ordinals launchpad Luminex, the BRC-69 standard will make recursive ordinals easy and also create additional enhancements. Bitcoin Ordinals Launchpad Luminex Announces BRC-69 Standard to Simplify Recursive Inscriptions

Bitcoin Depot – a US-based Bitcoin ATM provider – announced it will start trading on Nasdaq on July 3 after partnering with the fintech company GSR II Meteora Acquisition Corp.  Previous reports revealed that the agreement between the two entities is worth $885 million.  ‘BTM’ Pops up on Nasdaq The partners announced the finalization of the special purpose acquisition company (SPAC) merger. The combined organization will be renamed Bitcoin Depot Inc. and will be run by the...

John Michael Musbach – a 34-year-old resident of Haddonfield, New Jersey – was reportedly sentenced to six and a half years in jail for hiring a hitman to commit a murder. He transferred $20,000 worth of BTC to the “executor” to kill a kid that was about to testify against him in a child-pornography case. Moreover, the youngster was the victim.  The Gruesome Crime That Led to the Punishment According to recent coverage, Musbach exchanged sexually explicit videos and...

Bitcoin has calmed after the Friday rollercoaster that drove it up and down by over a grand and remains relatively still at $30,500. The altcoins are also less volatile today, as it typically happens during the weekends, with SOL emerging as the most substantial gainer from the larger caps. BTC Above $30K Bitcoin went on a tear last week when it jumped from $26,500 to over $31,000 to register a new multi-month high. The bears tried to intervene but only managed to halt BTC’s...