For some industry insiders, the much-awaited approval of spot Bitcoin exchange-traded funds (ETFs) in Hong Kong earlier this week marks a major turning point. Some caution that the optimistic event may be overshadowed by stronger market dynamics, such as ongoing inflation and geopolitical risk. The first Ethereum spot ETF in the world and the first … Read more
The biggest cryptocurrency’s impending code change is causing mining companies to lose money, which is reflected in the sharp drop in stock values of these companies. For the past three days, the stock prices of companies including Riot Blockchain Inc., CleanSpark Inc., and Marathon Digital Holdings Inc. have decreased. This month, the value of the … Read more
In the Bitcoin ETF market, BlackRock’s IBIT ETF has become a popular option and has attracted a lot of interest from institutional investors. Only about 30 fund managers own 0.2% of the company’s shares, notwithstanding their investments. Eric Balchunas of Bloomberg claims that this modest beginning is only the beginning and points to a possible … Read more
Bitcoin (BTC) is currently trading marginally above $64,000, having challenged it throughout the most of the morning’s trading in Asia. According to Jun-young Heo, a derivatives trader at Singapore-based Presto, “unexpectedly higher U.S. treasury yields, a stronger dollar, and geopolitical risks in the Middle East weighed down on crypto markets.” Yeo claimed that the futures … Read more
Bitcoin’s price has dropped in anticipation of its April 20 halving and the Fed’s anticipated rate-cut pause in May as the US dollar gains momentum. While Bitcoin BTC has decreased during that period due to instability in the cryptocurrency ahead of its April 20 halving and the expectation that interest rates would remain high, the … Read more
Recent remarks made by Iraq’s Deputy Prime Minister Muhammad Ali Tamim have sparked conjecture in the Bitcoin community over Iraq’s possible nation-state involvement into Bitcoin mining, amid a noteworthy diplomatic engagement between the US and Iraq. Will Bitcoin Mining Begin in Iraq? Deputy Prime Minister Tamim spoke with US Secretary of State Antony Blinken about … Read more
Even after a 10% weekly decline in trust in the largest cryptocurrency, some traders believe that global politics and the need for an investment hedge could propel a Bitcoin (BTC) increase in the upcoming months. Since its creation in the aftermath of the 2008 financial crisis, bitcoin has been regarded as a potential hedge against … Read more
Depending on a number of variables, including tokenomics, value proposition, and overall contribution to financial independence, altcoins may respond to the Bitcoin halving differently. The increasing dominance of Bitcoin over the past 15 years is a testament to the significance of the mechanisms developed by its creator, Satoshi Nakamoto, to address the flaws in the … Read more
The CEO of Crypto.com predicted that half of Bitcoin will be a buy-the-rumor, sell-the-news kind of occurrence. Price volatility may result in the short term, but overall benefits would accrue over time. The eagerly awaited fourth Bitcoin halving event, which is set for April 20, 2024, is only four days away, and the price of … Read more
Head of Research David Lawant of FalconX, a premier digital asset brokerage that provides trading, financing, and custody for top financial institutions, recently provided an analysis on X (previously Twitter) about how the dynamics of the market are changing as a result of Bitcoin halvings. This analysis casts doubt on the conventional wisdom that halvings … Read more