Day: December 12, 2024

3 Reasons Why Bitcoin ETFs Will See Explosive Growth In 2025, According To Bitwise

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Este artículo también está disponible en español. The Bitcoin (BTC) market has undergone a remarkable recovery this year, largely due to the increased popularity of Bitcoin ETFs. BTC reached an all-time high of $73,000 in the first quarter of the year, sparking a bullish trend that continues today, with a recent high of $104,000. The presidential election of Donald Trump has had a huge impact on this rise especially over the past month, as he has positioned himself as the first pro-crypto President, picturing America as the “crypto capital of…

Assetera Lists Backed Finance’s Tokenized Trackers for NVIDIA (NVDA), Coinbase (COIN), and S&P 500(SPX)

Assetera, a Polygon-powered MiFID-licensed trading venue for blockchain-based securities in Europe, has listed Backed Finance’s tokenized assets, offering non-U.S. investors to gain exposure to trackers linked to some of the most sought-after U.S. companies. The initial launch includes tokenized trackers tied to the Nasdaq-listed Coinbase (COIN), one of the largest crypto exchanges in the world, the chip-maker Nvidia (NVDA), a bellwether for all things artificial intelligence (AI) and risk assets, and the blue-chip index, the S&P 500 (SPX), the company said in the press release shared with CryptoX on Thursday.…

Pudgy Penguin NFT Price Exceeds Bitcoin’s Price on OpenSea

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Pudgy Penguins, an Ethereum-based NFT collection, has surpassed Bitcoin’s price on OpenSea. The collection’s most expensive Penguin is now for sale at 50.3093 ETH or $197,508.78 on on the NFT marketplace OpenSea. This makes it one of the priciest Picture-for-Profile NFT projects. At present, the cheapest Pudgy Penguin is priced at 27.65 ETH or $108,460, at Ethereum’s price of $3,921.61. Bitcoin (BTC), on the other hand, is currently hovering around $101,445, making some Pudgy Penguin NFT worth more than the world’s largest cryptocurrency. In the last seven days, Pudgy Penguins…

Bitcoin Surges Past $100,000 Once Again Amid Shifts In Regulatory Landscape

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Australia fines Kraken’s operator $5m for unlawful credit facility

Kraken’s Australian entity, Bit Trade, is facing a multi-million fine for failing to comply with rules requiring a target market determination for its margin extension product. The Australian operator of the Kraken crypto exchange, Bit Trade, has been fined AUD 8 million (around $5.2 million) for unlawfully issuing a credit facility to more than 1,100 customers, the Australian Securities and Investments Commission said in a Thursday press release, Dec. 12. The Federal Court ruled that the company failed to follow Australian laws requiring financial products to have a target market…

Bitcoin ETFs see continued inflows as BTC climbs back above $100K

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Spot Bitcoin exchange-traded funds in the United States recorded their tenth consecutive day of inflows on Dec. 11, with $223.03 million entering the funds as Bitcoin climbed back above the $100,000 mark. According to data from SoSoValue, the majority of inflows on Dec. 11 went into Fidelity’s FBTC, which saw $121.9 million in new investments, extending its inflow streak to ten days. ARK and 21Shares’ ARKB fund and Grayscale’s GBTC also contributed significantly, with inflows of $52.67 million and $20.13 million, respectively. Additionally, Grayscale Bitcoin Mini Trust, Biwise’s BITB, and…

Bitcoin Educator Sounds Alarm on Centralization Risk

The concerns were in response to Michael Saylor’s suggestion that the U.S. should quadruple its planned strategic reserve and exert influence over the Bitcoin network. Saylor Calls for U.S. To Purchase up to 25% of Total Supply Bitcoin educator Anita Posch, founder of non-profit organization Bitcoin for Fairness posted a warning on X about the […] Source CryptoX Portal

Bitcoin On Track For $275,000? Analyst Cites Cup And Handle Formation

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Este artículo también está disponible en español. Bitcoin (BTC) fell to $94,500 yesterday after Microsoft shareholders decisively rejected a Bitcoin treasury proposal to allocate 1% of the company’s total assets to buy BTC as an inflation hedge. However, analysts are still confident of further appreciation of the BTC price. Bitcoin May Surge As High As $275,000 According to data from Coinglass, over $478 million worth of contracts – primarily long positions – were liquidated in the past 24 hours following the plunge in BTC and other cryptocurrencies. Interestingly, liquidation volumes…

BNB Bulls Eye $750: Momentum Builds for a New Surge

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BNB price is gaining pace above the $700 zone. The price is showing positive signs and might aim for a move above the $735 resistance. BNB price started a fresh increase from the $650 support zone. The price is now trading above $700 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $705 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $700 level to start another increase in the near…

Dogecoin, XRP Flashing ‘Overlooked’ Bullish Signal, Santiment Reveals

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The on-chain analytics firm Santiment has revealed that Dogecoin and XRP are flashing bullish signals in an often overlooked metric. Dogecoin, XRP, & Bitcoin Recently Saw A Decline In Mean Dollar Invested Age In a new post on X, Santiment has discussed the latest trend in the Mean Dollar Invested Age indicator for a few of the top coins in the cryptocurrency sector. The “Mean Dollar Invested Age” keeps track of the average age of every dollar the holders have invested into the cryptocurrency. This metric is similar to the…