Month: January 2024

Bitcoin Liquidations Hit $120M in Four Hours of ETF Trading after Spiking to $49K and Crashing to $46K

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The extreme volatility in the Bitcoin market caused liquidations of more than $170 million after spot BTC ETFs went live. The price of Bitcoin (BTC) swung wildly after the United States saw its first spot Bitcoin exchange-traded fund (ETF) launched. Following the news, BTC jumped past $49,000, a price not seen since December 2021. However, the king coin has undergone a correction and is at $46,151 as of press time, according to data from CoinMarketCap. Unfortunately, the extreme volatility led to heavy liquidations on the Bitcoin network. In less than…

Bitcoin Stalls At $46,000 Despite Record ETF Day: Here’s Why

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Despite a groundbreaking day in the US with the largest Exchange-Traded Fund (ETF) launch for a single asset, the Bitcoin price remained stagnant, hovering around the $46,000 mark. This development has raised questions within the community, particularly in light of the extraordinary trading volume and participation seen in the ETF market. Record-Breaking ETF Launch On its first trading day, Bitcoin ETFs saw unprecedented activity. The total volume reached $4.6 billion, distributed among major players such as Grayscale ($2.3 billion), BlackRock ($1 billion), Fidelity ($700 million), ARK 21Shares ($288 million), and…

Robinhood opens all 11 spot Bitcoin ETFs for trading

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Online broker Robinhood has added all 11 spot Bitcoin (BTC) ETFs approved by U.S. Securities and Exchange Commission (SEC). According to the company, all approved exchange-traded funds are now available for trading on the platform. As another benefit, the platform offers a 1% bonus when users transfer their brokerage account into Robinhood. Before this, the company’s CEO, Vlad Tenev, noted that Robinhood would list all 11 spot Bitcoin ETFs “as soon as possible.” This solution facilitates the integration of crypto assets into TradFi. Also, according to Tenev, spot Bitcoin ETFs…

South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Vanguard blocks spot Bitcoin ETF purchases

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Asset manager Vanguard will not allow the purchase of spot Bitcoin (BTC) ETFs on its platform. A Jan. 11 Wall Street Journal report claims Vanguard has no plans to offer new instruments on its brokerage platform because they do not match its traditional offerings. “Our perspective is that these products do not align with our offer focused on asset classes such as equities, bonds, and cash, which Vanguard views as the building blocks of a well-balanced, long-term investment portfolio.” Vanguard statement Tony Spencer, one of Vanguard’s clients, noted that a…

PEPE soars 16%, Sponge also rallying

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. PEPE has surged over the past 24 hours as the meme coin market progresses. Currently, PEPE is up 16.95% on Jan.11 and 19.31% this week. Meanwhile, Sponge V2 is also surging ahead as its pre-launch buy-and-stake campaign nears $4 million. PEPE rallies A rising tide lifts all boats, and this is the case for meme coins as the newly announced spot Bitcoin ETF immediately shifted focus to altcoins. With…

‘Perfect Storm’ Event To Slingshot Bitcoin To $1M

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Crypto aficionados should have more reasons now to be upbeat. Samson Mow, prominent figurehead and former CSO at Blockstream, has ignited the Bitcoin landscape with a new, audacious prediction for the king of digital currencies. He envisions a colossal price surge, aptly named the “Omega Candle,” culminating in a staggering $1 million per coin milestone. This prophecy arrives alongside the recent approval of spot Bitcoin exchange-traded funds (ETFs) in the US, sending ripples of excitement through the market. OMEGA IS COMING. #Bitcoin pic.twitter.com/CrJRkmFCym — Samson Mow (@Excellion) January 11, 2024…

Do Kwon Wants To Delay SEC’s Terraform Trial so That He Can Attend It

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…