Bitcoin (BTC), the world’s leading cryptocurrency, has recently experienced a pullback, with its price heading for the $66,736 level. This dip follows a period of significant bullish activity that had previously pushed BTC’s price above this mark. As the price of the crypto asset approaches this critical level, the key question is whether the bulls
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Bitcoin’s price experienced a positive reaction following President Joe Biden’s announcement that he would not be running for re-election in 2024. The cryptocurrency surged to a multi-week peak of over $68,000, showcasing its volatility in response to political news. In recent weeks, Bitcoin has undergone significant price fluctuations. From $58,000 to $65,000 after an assassination
The potential for a second Donald Trump presidency has the crypto industry on edge, as the former president has made promises to end President Joe Biden’s “crusade against crypto.” Trump’s rising odds of winning the U.S. elections have sparked concerns among foreign crypto exchanges like Binance, OKX, and Deribit. The possibility of a more crypto-friendly
Bitcoin has had a series of hyper-bullish developments that could potentially push its price above $1 million in the mid-term, according to crypto investment firm Mechanism Capital. Despite some poor market structure dynamics earlier this month, the leading catalyst for this potential explosion in value is Bitcoin’s adoption as a national treasury reserve asset. Rumors
The past week has been filled with excitement in the cryptocurrency market, with Bitcoin making significant waves. Despite not being the top performer, Bitcoin managed to surge by a whopping 11% in the past seven days. The price of Bitcoin has been on a mostly upward trajectory since July 14th, reaching new highs along the
State Street Corp., a well-established financial institution based in Boston, is delving into the realm of digital assets by considering the launch of its own stablecoin and exploring tokenized deposits. This move is aimed at enhancing payment settlement processes through the utilization of blockchain technology. Recent reports indicate that State Street has been actively immersing
Bitcoin’s price has shown impressive growth over the past seven days, reaching levels between $61,000 and $67,000. This surge comes despite the fear, uncertainty, and doubt surrounding Mt. Gox’s customer repayment. QCP Capital, a well-known trading data company, believes that this recent positive momentum could be just the beginning of a larger price rally. Analysts
The Chicago Board Options Exchange (CBOE) has officially announced the launch date for Spot Ethereum ETFs, setting the stage for five Spot ETH ETFs to make their debut in the cryptocurrency market. The confirmation came through a new issue notification on the CBOE’s website on July 19, indicating that the trading of Spot ETH ETFs
In the month of June, trading volume on centralized exchanges experienced a significant decline of 21.8%, marking the third consecutive month of diminishing activity since March. The combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded earlier in the year. The decrease in
In a recent development, a US court has granted Binance US the permission to invest a portion of its customer fiat funds, currently held at BitGo, in US Treasury Bills. This decision comes after the exchange requested the court’s approval to invest around $40 million in $10 million increments over a span of four weeks.