Day: January 24, 2025

Spot Bitcoin ETFs are ‘quietly on fire’, expert says

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U.S. spot bitcoin exchange-traded funds have started the year on a strong note, according to Bloomberg senior ETF analyst Eric Balchunas. It has been slightly over a year since the Securities and Exchange Commission approved the launch of spot Bitcoin (BTC) ETFs for the U.S. market. After achieving record net inflows and assets under management in 2024, spot BTC ETFs have entered 2025 with notable momentum. In a post on X on Jan. 24, Balchunas highlighted the impressive performance of U.S. spot Bitcoin ETFs. Funds such as BlackRock’s IBIT, Fidelity’s…

4 Best Presales to Buy as Morgan Stanley Sets to Expand Its Crypto Market Presence

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Donald Trump winning the elections has ushered in an unprecedented amount of bullish sentiment in the crypto market. With tons of crypto-friendly regulatory changes expected in the coming weeks, Morgan Stanley is among the first banks to openly explore crypto market expansion. Ted Pick, CEO of Morgan Stanley, has said that the banking giant will closely work with US regulators. It’s also worth noting that Morgan Stanley was the first major US financial institution to offer Bitcoin funds to its clients. With the biggest businesses in the world now looking…

Bitcoin to $150K in 2025

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Este artículo también está disponible en español. James Check, a Glassdote analyst, has predicted that Bitcoin ($BTC) could cross the $150K mark in 2025. This prediction is inspired by the token’s 2016-2017 cycle when Bitcoin moved from the range of $800-1600 to $19,783. If BTC follows the same pattern, it can consolidate up until May, after which a significant bull run can be seen. However, Check believes that BTC won’t be able to hold the highs of $150K. The range of $120,000 to $150,000 would be the ‘topping cloud’ for…

Bitcoin Enthusiasm Peaks At $100K, Yet Veteran Eyes A $95K Dip

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Este artículo también está disponible en español. The consistent retail demand for Bitcoin at the $100,000 mark, which indicates high investor confidence, has recently drawn notice. However, because short-term holders are driving the present accumulating trend, market watchers are warning of a possible fall to $95,000. Related Reading Retail Investors Accumulate At Record Pace Retail investors, which include smaller holders termed as “Shrimps” and “Crabs,” have been enthusiastically accumulating Bitcoin. In the last month, Glassnode reports that these groups collectively added 25,600 BTC to their portfolios. That’s nearly twice the…

HBAR Gains 8.0% as Nearly All Assets Trade Higher

CryptoX Indices presents its daily market update, highlighting the performance of leaders and laggards in the CryptoX 20 Index. The CryptoX 20 is currently trading at 3991.46, up 2.5% (+97.0) since 4 p.m. ET on Thursday. Nineteen of 20 assets are trading higher. Leaders: HBAR (+8.0%) and SOL (+4.8%). Laggards: ETC (-0.1%) and BTC (+0.4%). The CryptoX 20 is a broad-based index traded on multiple platforms in several regions globally. Source CryptoX Portal

Hedera Successfully Retests Key Demand Level – Expert Says The Next Stop Could Be $0.52

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Este artículo también está disponible en español. Hedera (HBAR) has emerged as a standout performer in the current market cycle, demonstrating resilience and strength even amid uncertainty and volatility. After reaching a multi-year high last Friday, HBAR experienced a sharp correction, dropping over 22%. Despite this pullback, the price action suggests that Hedera is gearing up for its next major move, keeping investors optimistic about its bullish potential. Related Reading Renowned analyst Carl Runefelt has shared a detailed technical analysis on X, shedding light on HBAR’s current position. According to…

Singapore Court Approves Next Step in Crypto Exchange WazirX’s Repayment Process After Massive $230,000,000 Hack

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Indian crypto exchange WazirX has just secured the approval of the Singapore High Court to convene with its users in a bid to address debts and recover following a costly cyberattack last year. In July, the North Korean Lazarus group hacked WazirX and stole more than $230 million worth of assets, the massive loss prompted the exchange to suspend withdrawals from its platform. In a new statement, WazirX says that the court decided to allow its Singapore-based parent company Zettai to conduct a meeting and propose an arrangement scheme to…

Dust Worth Millions: Coinbase Executive Identifies Ross Ulbricht-Linked Wallets Containing 430 Bitcoin

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Conor Grogan, Director of Product Strategy at Coinbase, has recently linked 430 bitcoin to the now-free former founder and operator of Silk Road, Ross Ulbricht. According to Grogan, these funds are scattered across dozens of wallets that were not confiscated at the time of Silk Road’s takedown operation, and have been untouched for more than […] Original

Medical device maker Semler Scientific seeks $75m in convertible notes to buy more Bitcoin

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Semler Scientific seeks $75 million through a private offering of convertible senior notes, intending to use a portion for Bitcoin investments. Public medial device maker Semler Scientific announced plans to offer $75 million in convertible senior notes, with a portion of the funds set aside for purchasing Bitcoin (BTC). The offering will be made to qualified institutional buyers under Rule 144A of the Securities Act, the company said in a Jan. 23 press release. The notes will be due in 2030 and will earn interest every six months. When converted,…