Bitcoin’s effort to surpass the $60,000 level on Sunday was suddenly interrupted as an increase in Bitcoin short selling activities drove the price back down. As of now, Bitcoin is trading at $58,408.71, marking a 2.86% decline over the past…
Bitcoin (BTC) surged over 3.23% in the past 24 hours, crossing @66,000 mark, fueled by a combination of macroeconomic factors and increasing institutional adoption this rise comes amidst positive U.S. inflation data and growing anticipation surrounding Bitcoin exchange-trade funds (ETFs)….
On Monday, May 13th, Hong Kong crypto ETFs (Bitcoin and Ether exchange-traded funds) faced a substantial setback, witnessing the largest-ever net outflow since their launch less than two weeks ago. Despite accruing a cumulative inflow of $18.4 million since their…
In a move solidifying its commitment to Bitcoin, MicroStrategy (NASDAQ: MSTR) announced a fresh purchase of 3,000 Bitcoins for approximately $155.4 million, bringing its total holdings to 193,000 BTC. This strategic acquisition by MicroStrategy, led by its executive chairman and…
In a move that could send ripples through the global cryptocurrency market, Hong Kong-based asset manager Harvest Fund Management has submitted an application to the Securities and Futures Commission (SFC) for a spot Bitcoin exchange-traded fund (ETF). This potential game-changer,…
With the SEC’s approval for Bitcoin ETFs, a tidal wave of traditional investors and institutions is poised to enter the crypto market, seeking legitimacy and diversification. Recognizing this shift, crypto platforms like Bakkt are setting their sights on new international…
In a landmark moment for the cryptocurrency industry, US-listed bitcoin exchange-traded funds (ETFs) saw a blistering debut, with $4.6 billion worth of shares traded by Thursday afternoon. This comes after the US Securities and Exchange Commission (SEC) finally approved eleven…
After a saga of speculation and regulatory hurdles, the U.S. Securities and Exchange Commission (SEC) has delivered a bombshell: approving all 11 applications for spot Bitcoin Exchange-Traded-Funds (ETFs). This seismic decision shatters a major roadblock to mainstream Bitcoin adoption, paving…
Standard Chartered Bank is setting off bullish fireworks in the cryptocurrency world, predicting a potential tidal wave of investment fueled by the long-awaited approval of spot Bitcoin ETFs. In a recent report, the bank anticipates these ETFs attracting staggering inflows…
Bitcoin (BTC) has surged past $47,000 for the first time since April 2022, fueled by mounting anticipation of a potential green light from the U.S. Securities and Exchange Commission (SEC) for a spot-based Bitcoin ETF. The latest rally marks an…
