Day: February 28, 2024

Finance Protocol Usual Introduces Stablecoin Backed by Real-World Assets

“Existing stablecoin models lack transparency and equitable value distribution, privatizing their gains and socializing their losses, and going against the ethos that web3 was built on,” Person said in the release. “Usual is proud to be addressing this void by providing a permissionless, real-asset backed stablecoin that shares our profits directly with the community, and empowers our token holders to guide us to the future that they see fit.” Source

Bitcoin (BTC) ETF Reserves to Be Disclosed by Cathie Wood’s Ark and 21Shares

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ARKB has been among the more successful of the 10 spot bitcoin ETFs launched on Jan. 11. As of the end of the day Monday, the fund had accumulated 33,274 bitcoin and assets under management above $1.8 billion, which is the third highest among the issuers. Only Fidelity’s Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT) have attracted more capital. Original

Bitcoin Price (BTC) Rises Above $60K

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Bitcoin Technical Analysis: A Series of Successive Gains Signals Strong Market Confidence

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As bitcoin weaves its way through the market’s intricacies, its pricing path exhibits an unyieldingly positive trend, marked by a train of successive increases. Reaching $59,992, the leading digital currency experienced a significant intraday journey, fluctuating between $56,383 and $59,992, highlighting a period of volatility but with an extremely bullish undertone. Bitcoin The market cap […] Original

PEPE, Not BTC, Is The Top Trending Token

Bitcoin’s near-vertical rise continues, with the cryptocurrency scaling the $59,000 mark early Wednesday. Ether (ETH) topped $3,300, and the CoinDesk 20 Index, a measure of the broader market, jumped 3.5% to $2,177. The bears, if any, have been put on notice as bitcoin (BTC) is now just 16% short of challenging the record high of $69,000. The distance could be covered easily before April’s mining reward halving, assuming Wall Street continues pouring money into the spot exchange-traded funds, maintaining the demand-supply imbalance. That said, the market increasingly looks overheated, not…

Bitcoin Crosses $59,000 In Surprise Pre-Halving Rally

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The Bitcoin price has now successfully crossed the $59,000 level after an incredibly bullish month of February. The market leader has also barreled ahead of all expectations during this time as well, continuing to rally at a time when prices are expected to crash ahead of the next halving. Institutional Investors Drive Bitcoin Price Higher One of the major drivers behind the Bitcoin performance over the last day has been institutional investors. These investors have continued to take advantage of the opportunities provided by the Bitcoin Spot ETFs approved by…

Crypto Stocks COIN, MSTR, MARA Rally as BTC Touches Highest Since November 2021

Coinbase (COIN), the only U.S. traded crypto exchange, added 3.9% after touching a 52-week high of $209.94 on Tuesday. MicroStrategy (MSTR), the largest corporate holder of bitcoin, rose 7.5%. The software developer said Monday it bought another 3,000 BTC, taking its total stash to 193,000. BlackRock’s bitcoin exchange-traded fund (IBIT), added around 3.9%, the most among the spot bitcoin ETFs approved last month. Source