Tag Archives: btcusdt

The resurgence of institutional interest in Bitcoin this month has investors and analysts pondering just how high its price could go within the next two years – especially with the ‘halving’ just around the corner. Here’s what analysts have to say regarding Bitcoin’s price cycles and what kind of money it would take to send it to the moon. Institutional Involvement Throughout June, a number of high net-worth asset managers, including BlackRock and Fidelity, filed applications...

A lot can change in the cryptocurrency industry within a week, and the waves indeed fluctuated in the past seven days. The market rejoiced recently as several multinational financial giants filed for a Bitcoin Spot ETF, but the tides could be turning now, according to a WSJ report from Friday. Let’s unpack. BlackRock shook the crypto market two weeks ago when it filed an application to release a BTC Spot ETF in the States, which would make it the first such product...

The US Securities and Exchange Commission has reportedly issued a warning that the recent Bitcoin Spot ETF filings by financial giants, such as Fidelity and BlackRock, could lack comprehensive details. The agency has a long history of rejecting such products in the States, and its current war on crypto is likely not helping. BlackRock made the headlines a few weeks ago when it filed to launch a Bitcoin Spot ETF in the States, which, if approved, would be the first such...

The North Carolina House of Representatives has passed a bill that includes provisions to investigate the acquisition and potential benefits of Bitcoin and other cryptocurrencies. House Bill 721, titled “State Precious Metals Depository Study,” aims to examine the potential impact of a state securely holding, insuring, and liquidating virtual currency, with special emphasis on Bitcoin. The legislation received 73 votes in favor, 40 against, while seven participants were...

Bitcoin surging past the $31,000 psychological level was crucial in many ways. For one, the world’s premier cryptocurrency hit a one-year high amidst the incessant bear market. But the gains may not stop here. Historically, July has been a month for strong rallies, according to the digital asset platform Matrixport. In its latest analysis, Bitcoin bulls are gearing up for the “seasonal surge” as prices tend to rally in July. Throughout the last decade, Matrixport observed...

Bitcoin is facing challenges in surpassing the significant resistance at $30K, which has been holding the price for a prolonged period. If successful, this breakthrough would result in a bullish bias for the cryptocurrency in the medium term. By Shayan Bitcoin recently found support at both the static support level of $25K and the lower trendline of the channel. Consequently, the substantial buying pressure in this support region led to a significant surge, with the aim of...

Jarryd Hayne – a former NRL superstar – has supposedly parted with $780,000 after falling prey in a Bitcoin scam. The athlete, who was slammed with a prison sentence for allegedly raping a woman, was tricked by a fellow inmate. The scammer is currently in jail after being accused of swindling $4.6 million from family and friends in a Ponzi scheme. Conned Even Behind Bars As reported by Daily Mail, the person in charge of the Bitcoin fraud was Ishan Seenar Sappideen, who met...

Hong Kong and Shanghai Banking Corporation (HSBC) – the largest bank in the region – has reportedly allowed customers to buy and sell Bitcoin and Ethereum ETFs, becoming the first local financial institution to do so. It also launched an educational program that investors need to read before hopping on the cryptocurrency bandwagon. As revealed by Wu Blockchain, HSBC will enable users to trade BTC and ETH exchange-traded funds (ETFs) listed on the Hong Kong Exchange. SCOOP:...

The cryptocurrency market has managed to maintain positive momentum going into the weekend, with the majority of coins holding their gains through the diminished volatility and trading volume. Bitcoin Price Fighting for $31K Bitcoin’s price pushed above $31K on Friday but was unable to maintain above that level. It subsequently retraced, but it appears that bulls are now preparing for another attempt. The price is up slightly over the past 24 hours and is trading slightly...

Robert F. Kennedy Jr, who recently announced he will run for President of the US as part of the Democratic Party, vowed to implement Bitcoin-friendly policies if elected.  The Republicans also have a crypto-loving candidate and his name is Francis Suarez. The 45-year-old, who currently serves as mayor of Miami, involved the city in numerous Bitcoin initiatives and became the first American politician to receive his salary in BTC instead of fiat currency. BTC Could Thrive...