Browsing: Bitcoin News

Bitcoin (BTC) exhibits resilience and signals a potential recovery as the crypto market begins to regain stability. In the midst of the crypto market’s quest for stability, Bitcoin’s price performance in June has been subject to various influencing factors. This week, BTC saw a bearish trend, with a decline of over 3% and reaching long-term support at the $25,100 mark. To effectively analyze the price trends of BTC, popular analysts have considered key indicators such as the SOPR (Short-Term Holder Cost-Basis) and price regions, providing valuable insights for investors navigating the market. Santiment, a leading market intelligence platform, recently shared…

In a significant development, BlackRock, the world’s largest asset manager, has submitted an application to the US Securities and Exchange Commission (SEC) seeking approval for its iShares Bitcoin (BTC) Trust slated for listing and trading on the Nasdaq stock exchange. Previous applications for Bitcoin ETFs have faced rejection by the SEC, mainly due to concerns surrounding potential market manipulation linked to Bitcoin prices. To address this particular concern, BlackRock has forged a partnership with Nasdaq, entering into a surveillance-sharing agreement with an operator of a spot trading platform for BTC. The iShares BTC Trust, as filed by BlackRock, stands out…

Hoskinson’s Critique: Cardano Founder Responds to BlackRock’s Bitcoin Announcement The recent revelation that a division of BlackRock, the world’s largest asset manager, has submitted documents to the SEC for the establishment of a Bitcoin Spot Trust has sent shockwaves through the crypto community. This development has sparked intense debates and ignited significant controversy among industry participants. Without delay, Charles Hoskinson, the esteemed mastermind behind Cardano, promptly expressed his response to the news. Hoskinson expressed his dissatisfaction, prompting one participant in the debate to suggest that the SEC, led by Gary Gensler, is attempting to weed out undeserving “front-runners” while favoring…

Bitcoin and the entire cryptocurrency market are bracing themselves for a significant blow in the near future, according to prominent crypto journalist and blogger Colin Wu. Wu predicts that the upcoming release of the US Consumer Price Index (CPI) within the next 12 hours, coupled with the looming Binance court hearing, will have a sharp impact on the crypto market. Experts are anticipating a decline in the retail inflation index, with expectations that it will drop to 4.1%. Such a development could have a short-term effect on the price of Bitcoin, as witnessed in previous CPI reports throughout the year.…

Bitcoin, the largest cryptocurrency, continues to exhibit stability amidst a renewed crackdown on the cryptocurrency market by the United States Securities and Exchange Commission (SEC). Despite the bear market conditions, Bitcoin’s price remains resilient, trading slightly above $25,800 and finding support from the 200-day Exponential Moving Average (EMA). According to Chinese reporter Wu Blockchain, Bitcoin’s Stability At Risk As SEC Intensifies Crackdown On Altcoins The SEC has intensified its regulatory actions, targeting major cryptocurrency exchanges such as Binance and Coinbase through separate lawsuits. Experts in the crypto industry suggest that these legal actions may have political motivations, as the SEC…

Bitcoin HODLers Defy Market Distress and Regulatory Charges, Holding Firm Amidst Legal Battles The recent regulatory charges brought against Binance and Coinbase by the United States Securities and Exchange Commission (SEC) have sent shockwaves through the cryptocurrency market. However, a surprising revelation has emerged from the data provided by Glassnode, a prominent crypto markets analytics provider: long-term Bitcoin HODLers seem unaffected by the legal turmoil. Bitcoin HODLers Stay Strong Amidst Market Distress And Regulatory Charges According to Glassnode’s analysis, the percentage of BTC Long-Term Holder Supply sent to Exchanges remains strikingly low, at a mere 0.004%. This figure highlights the…

Cathie Wood, CEO of ARK Invest, remains steadfast in her belief that Bitcoin’s value will surge to $1 million despite its current trading price. Discover her resilience in the face of uncertainty and volatility, along with the key factors driving Bitcoin’s unstoppable momentum in a changing financial landscape. Cathie Wood, the CEO of ARK Invest, has been a strong advocate for Bitcoin for several years. She has made multiple predictions that the digital asset could potentially reach a staggering $1 million in value. Despite Bitcoin’s current trading price being slightly above $26,000, Wood remains steadfast in her belief that BTC…