Month: September 2023

Bitcoin price and Coinbase volumes are showing a rare decoupling, Mizuho says

boss

It’s becoming clear that investor apathy in this year’s crypto market is starting to hurt Coinbase , according to Mizuho analysts. The crypto exchange’s trading volume historically has been influenced by moves in the price of bitcoin . But that trend has been falling apart since the beginning of the year, Mizuho managing director Dan Dolev said in a note Tuesday, calling it a “stark” and “likely unprecedented” bifurcation. Dolev highlighted that while bitcoin has risen from its fourth-quarter 2022 trough to an average of $28,500 in the third quarter…

Crypto Analyst Predicts Where Bitcoin Price Will Be By End Of Year

boss

A crypto analyst has presented their forecast for where they believe the Bitcoin price will be by the end of 2023. However, the end-of-year (EOY) price prediction is not the only interesting thing that the analyst talks about, with short-term expectations also included. Hoops To Jump Through For Bitcoin Price Pseudonymous crypto analyst Titan of Crypto took to X (formerly Twitter) to share their latest prediction for the Bitcoin price. This analysis uses the Ichimoku point of view to analyze a Tenkan Cajun (TK) death cross that appeared on the…

Franklin Templeton files for Bitcoin spot ETF

boss

Asset manager Franklin Templeton applied to the United States Securities and Exchange Commission (SEC) on Sept. 12 to launch a Bitcoin (BTC) spot exchange traded fund (ETF). The application comes after the SEC delayed decisions on applications from WisdomTree, Valkyrie, Fidelity, VanEck, Bitwise and Invesco BTC spot ETF applications on Aug. 31 and a court ruling Aug. 29 that the SEC must consider Grayscale’s application to covert its BTC futures ETF into a spot ETF. According to the application, the fund is structured as a trust. Coinbase will custody the…

India, Nigeria, Thailand top Chainalysis’ 2023 Global Crypto Adoption Index

boss

India, Nigeria and Thailand are ranked as the top three countries in Chainalysis’ “2023 Global Crypto Adoption Index,” with lower middle-income (LMI) nations leading the way in the grassroots adoption of cryptocurrencies. The blockchain analytics firm released an excerpt from the report showing that central and south Asia and the wider Oceania regions dominate the top of its index, with six of the top 10 countries in this part of the world. The index highlights that worldwide grassroots cryptocurrency is down as a whole in the wake of the FTX implosion…

Franklin Templeton Joins Bitcoin ETF Race

boss

Franklin Templeton follows Blackrock and other financial heavyweights who have bet that the SEC may soon allow – or perhaps even be forced by the courts to allow – a spot bitcoin ETF to hit the public markets. Such a product would give everyday investors an easy means to gain exposure to the price of bitcoin in their brokerage accounts, alongside stocks and bonds. Original

PayPal enables US users to sell cryptocurrency via MetaMask wallet

boss

Global payment giant PayPal continues expanding its digital asset services, integrating new methods to sell cryptocurrencies like Bitcoin (BTC). PayPal on Sept. 11 officially introduced new on and off ramps for Web3 payments, allowing users in the United States to convert their crypto to USD directly from their wallets into their PayPal balance. According to the announcement, PayPal off ramp feature is immediately available to wallets, decentralized applications and nonfungible token (NFT) marketplaces and is live on MetaMask. The new on off ramp features are designed to enable customers to…

Time to Brace for a Price Dip?

boss

Chainlink (LINK), the cryptocurrency known for its decentralized oracle network, has been facing a challenging period in recent days as it grapples with a persistent bearish trend. Despite some positive developments in the crypto space, LINK’s price has been on a downward trajectory, failing to capitalize on favorable news. One notable event that failed to provide the expected boost to LINK’s price was the successful completion of Swift’s experimentation with Chainlink. Swift, the interbank messaging giant, had conducted trials involving Chainlink, which created a buzz in the crypto community.  However,…

Bitcoin faces ‘ton’ of resistance after daily BTC price gains pass 5%

boss

Bitcoin (BTC) attempted to flip and hold $26,000 at the Sept. 12 Wall Street open as a swift BTC price rebound excited traders.  BTC/USD 1-hour chart. Source: TradingView BTC price adds 5.5% in 24 hours Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency holding the majority of its 24-hour gains, which at one point totaled 5.5%. At the time of writing, $26,000 formed a focus, already flagged as an important line in the sand for Bitcoin bulls to reclaim. “There we go, range lows reclaimed. Want to see…

Bitcoin faces ‘ton’ of resistance after daily BTC price gains pass 5%

Bitcoin (BTC) attempted to flip and hold $26,000 at the Sep. 12 Wall Street open as a swift BTC price rebound excited traders. BTC/USD 1-hour chart. Source: TradingView BTC price adds 5.5% in 24 hours Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency holding the majority of its 24-hour gains, which at one point totaled 5.5%. At the time of writing, $26,000 formed a focus, this already flagged as an important line in the sand for Bitcoin bulls to reclaim. “There we go, range lows reclaimed. Want…