Day: October 22, 2024

Institutions hold $13b of Bitcoin ETF shares

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U.S. Bitcoin exchange-traded funds have captured institutional demand after legacy firms initially expressed skepticism toward Wall Street’s new crypto asset class. American institutions have acquired $13 billion worth of spot Bitcoin (BTC) ETF shares since trading opened in January, CryptoQuant CEO Ki Young Ju said on Oct. 22 via X. Citing Form 13F filings, a quarterly document wealth managers use to disclose U.S. equity holdings, Young Ju noted that 1,179 institutions have amassed 193,064 BTC in 10 months. Traditional finance juggernauts like Millennium Management and Jane Street control 20% of…

Here’s Why The Bitcoin Price Saw Sharp Crash Below $67,000

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Este artículo también está disponible en español. The Bitcoin price briefly crashed below $67,000 on October 21, although it quickly reclaimed this level as support before the daily close. This price decline is believed to be due to its correlation with the stock market, which also experienced a drop of its own.  Why The Bitcoin Price Dropped Below $67,000 The Bitcoin price dropped below $67,000 primarily thanks to its correlation to the US stock market. IntoTheBlock data shows that the correlation between the flagship crypto and the S&P 500 is…

Tudor Jones is long gold and bitcoin as hedge fund titan believes ‘all roads lead to inflation’

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Billionaire hedge fund manager Paul Tudor Jones said Tuesday he is long gold and bitcoin as he expects that the path forward will be inflationary regardless of who lands in the White House — though he has started positioning for a Trump victory. “I think all roads lead to inflation,” Jones told CNBC’s “Squawk Box” on Tuesday. “I’m long gold. I’m long Bitcoin. I think commodities are so ridiculously under-owned, so I’m long commodities. I think most young people find their inflation hedges via the Nasdaq, that’s also been great.”…

Shiba Inu Soars: Analyst Predicts 71% Rally In ‘Meme Super Cycle’ – Details

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Rising as one of the best-performing meme coins, Shiba Inu (SHIB) keeps making headlines in the crypto scene. The meme coin has jumped by over 30% during the past month, drawing both retail and analytical interest. Some analysts think SHIB may soon overcome a major resistance level with a community-driven rally bringing its market capitalization over $11 billion, therefore enabling even further gains. This thrill is driven mostly by a prediction from a pseudonymous analyst called FOUR. Fueled by what he describes as a “hyper meme coin cycle,” FOUR claims…

SOL’s Realms Is Under New Management

Realms isn’t the first piece of the Solana ecosystem to emerge from Solana Labs, the blockchain’s main developer company. Metaplex, the entity underpinning Solana’s non-fungible token (NFT) technology also did, said Matty Taylor, himself a Labs veteran who went on to independently run hackathons for the entire ecosystem. Source