Despite Ethereum’s recent 20% price correction over the past week, investor sentiment remains bullish, buoyed by futures data suggesting continued faith in the cryptocurrency’s long-term trajectory. Ether’s price soared to near $4,100 in early March, marking a significant 20% increase before encountering resistance and undergoing a subsequent correction. The cryptocurrency tested the $3,200 support level […]
Bitcoin (BTC) experienced its most significant single-day loss since November 2022, plummeting over 8% on Tuesday. This sharp decline, according to Farside, coincided with record outflows from spot exchange-traded funds (ETFs), exacerbating the cryptocurrency’s downward spiral. The recent price decline has been driven by various factors, including significant outflows from spot exchange-traded funds (ETFs), as […]
According to a recent bulletin from crypto research firm Kaiko, the liquidity gap in the crypto market, known as the “Alameda Gap,” has nearly vanished as market liquidity rebounds to pre-collapse levels. This recovery comes after a prolonged period of decreased liquidity following the shutdown of FTX and Alameda Research in November 2022. Recovery to […]
Standard Chartered, a British multinational bank, has raised its bullish outlook on Bitcoin. It is forecasting the cryptocurrency to hit a staggering $150,000 in value by the end of this year. Analysts from the bank attribute this optimistic projection to the continued success of Bitcoin exchange-traded funds (ETFs). This has witnessed significant inflows from traditional […]
Vanguard CEO Tim Buckley remains resolute in his opposition to Bitcoin exchange-traded funds. This is mounting pressure from customers and inquiries regarding the firm’s stance. Despite competitors offering such products, Buckley maintains skepticism about including Bitcoin ETFs in long-term retirement portfolios, citing the asset’s volatile nature. Cautionary Tone from Vanguard In a recent video published […]
Bitcoin faced a sharp decline today, dropping below the $69,000 mark after reaching an all-time high just days ago. The significant pullback was attributed to various factors, including a substantial movement of over $400 million in Bitcoin by Grayscale. In fact, decline in Bitcoin’s price coincided with the release of hot inflation figures by the […]
European fund manager CoinShares has finalized its acquisition of Valkyrie Funds LLC. It is initially marking a strategic move to expand its presence in the American market. The acquisition grants CoinShares sponsorship rights to Valkyrie’s newly launched Bitcoin ETF, solidifying its foothold in the U.S. financial landscape. CoinShares CEO Jean-Marie Mognetti emphasizes the significance of […]
In the face of a broader market downturn triggered by hotter-than-expected U.S. inflation data, Bitcoin continues its ascent, undeterred by the negative sentiment affecting stocks. Despite major equities slipping, the leading cryptocurrency sustains its upward trajectory, showcasing resilience amidst market volatility. Bullish Momentum Prevails Bitcoin, often considered a hedge against inflation, remains buoyant with a […]
In the past 30 days, Ether (ETH) has seen an impressive 58% rally, outperforming the broader cryptocurrency market by 14%. Despite struggling to sustain levels above $4,000, Ether hit its highest price in over two years, narrowing the gap with Bitcoin (BTC), which currently sits at $73,178. ETF Optimism and “Sell the News” Scenario Speculation […]
Thai regulators have given the green light for money managers to launch private funds dedicated to US spot Bitcoin ETFs. This move, announced by the Thai Securities and Exchange Commission on Monday, comes with a catch – access is restricted to institutional investors and the super-rich. Initially, in January, investment firms were prohibited from making […]