On October 14, spot Bitcoin exchange-traded funds (ETFs) in the United States recorded their highest single-day inflows in over 120 days, with more than $556 million flowing into the funds. This influx propelled Bitcoin’s price to $67,800, its highest level in three months. Nate Geraci, president of ETF Store, highlighted this milestone as a pivotal […]
On October 21, Bitcoin’s price fell to $67,000, wiping out gains from the previous three days. Analysts attribute this correction to investors pulling back on Bitcoin exposure amid concerns of contagion from traditional markets. Despite this, Bitcoin derivatives metrics have shown notable stability. Bitcoin futures show no signs of bearish bets. The Bitcoin futures premium, […]
Bitcoin’s price has surged by 55% in 2024, with a 12.5% gain in October alone. This rise is largely attributed to improved investor sentiment, spurred by strong Wall Street earnings. Furthermore, investors are now expecting possible Federal Reserve rate cuts in November. Optimism is also supported by the increasing chances of pro-crypto candidate Donald Trump […]
Bitcoin is set to “regain the spotlight” as its price growth catches up to U.S. equities, according to new analysis. In an Oct. 19 blog post, Caleb Franzen, creator of Cubic Analytics, highlighted the potential for a major Bitcoin breakout. “Highly effective” BTC price tool demands gains Bitcoin needs to bounce back to match the […]
1) Bitcoin climbs back, testing $69,000 Bitcoin made a strong comeback, closing the week at over $69,000, the highest since early June, according to TradingView. Traders now consider short-term outcomes like a pullback before more upward movement. CrypNuevo, a trader on X, pointed out a significant liquidation level at $69.3K, which could attract a price […]
The Bitcoin network has achieved a new record for its hashrate, underscoring the increasing strength and security of the world’s pioneering blockchain system. On October 21, the total computing power securing the Bitcoin blockchain — known as the network hashrate — surged to an unprecedented 769.8 exahashes per second (EH/s). Data from BitInfoCharts indicates that […]
With Bitcoin’s price making strides toward the $70,000 mark, large whale wallets are once again accumulating BTC at a pace reminiscent of the period between July 2020 and January 2021, when Bitcoin experienced a 550% rally. As highlighted by Woominkyu, a verified analyst on CryptoQuant, this pattern has sparked excitement among investors anticipating another significant […]
Elon Musk advocated for significant changes in U.S. governance during a speech on Oct. 17 at an event supporting Donald Trump’s presidential campaign. Held in a high school auditorium near Philadelphia, Pennsylvania, the town hall marked Musk’s first major public speaking event since aligning with Trump’s campaign. He highlighted Trump as the best economic choice […]
On October 18, the U.S. Securities and Exchange Commission (SEC) gave the green light for the New York Stock Exchange (NYSE) and Chicago Board Options Exchange (CBOE) to list long-awaited options for spot Bitcoin exchange-traded funds (ETFs). This approval paves the way for 11 ETF providers on the NYSE to offer options trading, including well-known […]
The Central Bank of the United Arab Emirates (CBUAE) has given in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework, as announced in the company’s press release. With this preliminary license, AED Stablecoin is positioning itself as a leading candidate to issue the first regulated stablecoin in the UAE, pegged to the […]