The sustainability of the current bull run in Bitcoin (BTC) has come under scrutiny due to its recent volatility and failure to stabilize above the $70,000 threshold. But according to market analyst and Capriole Invest co-founder Charles Edwards, Ethena Labs’ (ENA) decentralized finance (DeFi) protocol has the potential to greatly prolong and accelerate Bitcoin’s bull … Read more
The decision by the U.S. Securities and Exchange Commission (SEC) regarding the approval or disapproval of the New York Stock Exchange’s introduction of options trading on spot Bitcoin (BTC) ETFs has been postponed. This action was announced by the regulator in a document dated April 8. The Bitwise Bitcoin ETF (BITB), the Grayscale Bitcoin Trust … Read more
On April 8, 2024, Metaplanet, a firm listed on the Tokyo Stock Exchange, declared that it would accept Bitcoin as a primary treasury asset. This calculated action, which deviates significantly from conventional asset management techniques, is a turning point in the field of digital finance. In a statement posted on the social media site X … Read more
Based on preliminary statistics from Farside Investors, the newly established eleven spot Bitcoin ETFs had an overall outflow of $224 million on Monday, April 8. Four days of inflows totaling $570 million net poured into the institutional investment products are now reversed. Grayscale witnessed its biggest GBTC outflow since March 25th, which compounded this week’s … Read more
Co-founder of BitMEX Arthur Hayes has predicted a huge crypto asset firesale that will be fueled by the impending BitcoinBTC/USD halving and the tactics of the Federal Reserve. Hayes forecasts a period of high volatility for cryptocurrencies in the second part of April. According to him, the Federal Reserve, Treasury, and Bitcoin halving might all … Read more
With the price of the cryptocurrency rising above $72,000, data indicates that the Bitcoin Open Interest has reached a new all-time high (ATH). Open Interest in Bitcoin Has Recently Increased The community manager for CryptoQuant Netherlands, Maartunn, stated in an X post that the BTC Open Interest has recently hit a new all-time high. The … Read more
The price of bitcoin is rising above the resistance level of $71,200. Positive indicators are emerging for Bitcoin, which may shortly surpass $72,500 in gains. Above the resistance levels of $69,500 and $70,000, bitcoin continued to rise. The 100 hourly Simple moving average and $70,000 are being crossed by the price. On the hourly chart … Read more
The creator and managing partner of the hedge fund SkyBridge, Anthony Scaramucci, is still optimistic about Bitcoin and believes it has more potential. Scaramucci forecasts that the price of Bitcoin will hit $170,000 by the end of this cycle, citing adoption and the addition of spot exchange-traded funds as major contributors to the cryptocurrency’s resurgence … Read more
A few encouraging indicators are emerging for the price of Bitcoin above the $68,500 barrier. For BTC to rise further in the foreseeable future, it needs to clear the $70,000 barrier level. Bitcoin is aiming for a consistent rise over the $69,500 and $70,000 marks. The 100 hourly Simple moving average and $68,000 are both … Read more
According to the co-founder of Hashlabs Mining, bitcoin mining has made a “positive contribution to Paraguay’s trade balance,” and a ban might harm the country’s economy. If a recently proposed plan to outlaw cryptocurrency mining in the nation is approved by lawmakers, the Paraguayan economy may suffer more than $200 million in losses each year. … Read more