Tag Archives: btcusdt

Bitcoin initiated another leg up late on Friday and tapped $23,500 but was stopped in its tracks and has returned to familiar ground. Most altcoins have charted more impressive gains, led by Avalanche, MATIC, OKB, Dogecoin, and others. Bitcoin Back Down to $23K It was last week when the primary cryptocurrency skyrocketed from $21,000 to a multi-month high above $23,000. This solidified the asset’s positive start to the new year, in which it has already shot up by roughly...

The United States Securities and Exchange Commission (SEC) rejected the joint effort of Ark Investment Management and 21Shares to list a spot Bitcoin ETF on the Cboe BZX Exchange. The agency dismissed another application filed by the partners in the spring of 2022.  As indicated in a recent filing, the American financial regulator did not allow Ark 21Shares’ BTC Spot ETF to launch on the US market. The product was supposed to be listed on the CBOE BZH Exchange. However, the...

The market sentiment continues to improve as cryptocurrencies see another week of trading in the green. The market added around $70 billion to its total capitalization, while the overall sentiment is at a 10-month high. It’s interesting to note that Bitcoin’s dominance continues to increase. This means it fared better than altcoins in terms of price performance. The leading cryptocurrency managed to add around 9% and is now battling for the important level at $23,000. A...

The world’s largest economy just announced the GDP figures for the latest quarter of 2022, showing moderate but declining growth compared to Q3. Unlike most previous statements coming from the US, this one brought little-to-no immediate volatility to the crypto market, with BTC still standing above $23,000. The overall expectations ahead of the Q4 2022 GDP numbers claimed that the economic growth in the country slowed down during the last three months of last year. Q3 saw an...

Tesla, the electric car company led by Elon Musk, did not sell the remaining of its Bitcoin stash, as it was supposed to do during the 4th quarter of 2022, according to a filing published by the Securities and Exchange Commission (SEC). Tesla’s BTC holdings should be priced at around $245 million, which would be the last 25% of all the Bitcoin purchased by the company during the Crypto Bullrun of 2021. Despite the crypto market crash of the following year and the negative...

The US-based bitcoin miner – Core Scientific – reportedly secured a $500 million fundraiser led by leading finance players, such as BlackRock, Apollo Capital, Kensico Capital, Ibex Investors, and others. The company filed for bankruptcy protection at the end of last year but continued mining BTC to repay debtholders. Traditional Finance Firms Flocking to Help According to a court filing seen by Bloomberg, BlackRock and several other high-profile investors lent approximately...

Anthony Scaramucci – the Founder of SkyBridge Capital and former White House official – believes cryptocurrencies will revive once the Federal Reserve stops raising interest rates. He thinks this will happen once inflation in the United States dropped back down to 4-5%. The Surge Could be on the Horizon The financier thinks the US central bank will halt the interest rate hikes before reaching the 2% inflation goal and, thus, stimulate a price expansion for risk assets, such...

Bitcoin’s recent uptrend has paused temporarily upon arriving at the major swing level of roughly $22.8K. Although there are some bullish signs based on the on-chain analysis, there is a significant resistance region ahead in Bitcoin’s path. Technical Analysis By Shayan The Daily Chart The market appears to be looking for direction as the price has now reached a critical resistance zone. The descending trendline had been supporting the price until Bitcoin experienced a sudden...

Blockstream, a leading bitcoin infrastructure provider, announced on January 24 that it had raised $125 million in funding to expand its institutional bitcoin mining services. This fundraising round was led by Kingsway Capital, a UK-based private equity fund, and included participation from other investors such as Fulgur Ventures and Cohen & Company Capital Markets. This is the first fundraising for Blockstream since its 2021 Series B round, where the company raised $210...

Nayib Bukele – the President of El Salvador – revealed that the government repaid its $800 million bond plus interest the same day it was set to mature. Settling the bond comes despite the pessimistic views that the nation will experience financial challenges due to its bitcoin forays. ‘We Just Paid in Full’ El Salvador’s political leader, who is among the biggest proponents of bitcoin, announced the news on Twitter, regretting that most international media outlets did not...