Month: July 2024

Bitcoin ‘Back On Radar’ To Hit $80,000, Then New ATH, Analyst Says

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The most often used cryptocurrency worldwide, Bitcoin, has had an impressive price rise over the past few weeks, considerably raising trader confidence. Related Reading The bigger cryptocurrency market still exhibits volatility even with Bitcoin’s recent rallies. Thanks to Ethereum ETFs, which have created conditions perfect for significant price movements, the market is today far more liquid. As Ethereum ( ETH) and Bitcoin (BTC) negotiate these difficult waters, their mechanics as well as the risk of trend reversals are impacting each other. BTC up in the last month. Source: Coingecko According…

Bitcoin, Ethereum ETFs take different paths amid market correction

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Spot Bitcoin and Ethereum exchange-traded funds in the United States have started the week in different directions as the border cryptocurrency market faces corrections. According to data provided by Farside Investors, spot Bitcoin (BTC) ETFs recorded $124.1 million in net inflows at the end of the trading day on Monday, July 29. All of the day’s inflows, $205.6 million, came into BlackRock’s iShares Bitcoin Trust (IBIT). The Grayscale Bitcoin Trust (GBTC) continued its downward movements, losing $54.3 million in outflows yesterday. The Bitwise Bitcoin ETF (BITB) and Fidelity Wise Origin…

Bitcoin.com’s V-Card Nearing Launch

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Bitcoin.com will soon launch V-Card, enabling anyone to spend their cryptocurrency, just like cash, anywhere Mastercard® is accepted. The waitlist for the V-Card is now open at verse.bitcoin.com/card, and early sign-ups have the chance to win a free V-Card (€75 value). “Self-custody holders of Bitcoin and other cryptocurrencies via the Bitcoin.com Wallet app will now […] Original

Polymarket Sets Position on Venezuelan Election Bet Outcome

Polymarket, the cryptocurrency-based prediction markets platform, explained its position regarding the bet on the Venezuelan presidential election. While opposition forces alleged that voting fraud had been committed, President Nicolas Maduro, who led the bet most of the time, was proclaimed on June 29 by National Electoral Council authorities. “People deserve honest answers about the future […] Source CryptoX Portal

Bitcoin Open Interest Taps New $39.5 Billion ATH, What’s Next For Price?

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The Bitcoin open interest is a good indicator of how investors are viewing the cryptocurrency and what bets they’re making. This is why the metric hitting a new all-time high is a big deal, carrying serious implications for the market. Once again, the Bitcoin open interest has set a new record and this could spell doom for the digital asset, even if just in the short-term. Bitcoin Open Interest Sets New Record In an interesting turn of events, the Bitcoin open interest has now risen to a new all-time high.…

Slovenia Launches First Digital Bond in EU Sovereign History

On July 25, 2024, Slovenia issued its first digital bond, marking a significant milestone as the first EU sovereign and one of the earliest worldwide to do so. The bond issuance occurred under the European Central Bank’s (ECB) wholesale central bank money settlement experimentation program. The settlement was executed on-chain in wholesale central bank digital […] Source CryptoX Portal

Bitcoin dips below $67k as US moves seized BTC

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Bitcoin, the leading cryptocurrency by market cap, has pulled back from its six-week high, dipping below the $67,000 mark on Tuesday morning. The drop in Bitcoin (BTC) comes after news on Monday, July 29, that the United States government moved $2 billion worth of seized Bitcoin, raising investor concerns about the potential sale of these assets. This movement came just two days after presidential hopeful Donald Trump announced his intention to start accumulating BTC, which pushed up to the $70,000 mark yesterday for the first time since mid-May. Data from…

Should Investors Still Be Optimistic?

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Optimism has been seeing bearish action since the start of this month. But this week, it has been much worse for investors and traders. According to Coingecko, the token is down more than 12% since last week.  Related Reading With a market correction underway, more pain can come to all portfolios carrying OP. However, there are several reasons why investors and traders should still be on board with Optimism. Growing On-chain Use By An Expanding Userbase Price-wise, OP looks like a hard bargain after a month of hard-battering by the…