Tag: Bitcoin

Bitcoin Could Crash To $70,000, Warn Leading Financial Analysts

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Este artículo también está disponible en español. The recent rejection at the $100,000 has prompted a wave of warnings from leading financial analysts, who caution that Bitcoin could be poised for a significant pullback toward the $70,000 region or, in some cases, even $60,000. Ali Martinez (@ali_charts), a crypto analyst, compiled the viewpoints of several market veterans on X , offering a multi-perspective take on the likelihood of an impending correction. Bitcoin Price Crash Incoming? One of the voices in this discussion is Tone Vays, a well-known trader who has…

Bitcoin ETFs see strong rebound with $475.15m inflows

Spot Bitcoin exchange-traded funds in the United States recorded an inflow of $475.15 million on Dec. 26, ending its four day streak of outflows. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $475.15 million of inflows on Thursday following four straight days of outflows that saw over $1.5 billion leave the funds. Fidelity’s FBTC led the lot with inflows of $254.37 million followed by ARK 21Shares’ ARKB which attracted $186.94 million in inflows. BlackRock’s IBIT saw an inflow of $56.51 million while Grayscale Bitcoin Mini Trust and…

Bitwise files for ETF tracking companies holding over 1000 Bitcoin in treasury

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Bitwise has proposed a new exchange-traded fund that invests in publicly traded companies holding over 1000 BTC in their corporate treasuries. In a Dec. 26 regulatory filing, Bitwise said the Bitcoin Standard Corporations ETF will invest in equity securities of publicly traded firms that have adopted the “Bitcoin standard” by holding at least 1,000 Bitcoin (BTC) in their corporate treasuries.  These securities include “common stock, depositary receipts (both American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”), tracking stocks and other equity units. Such securities may be issued by U.S.…

Vivek Ramaswamy’s Strive Targets BTC Exposure With Bitcoin Bond ETF Proposal

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Strive Asset Management, co-founded by Republican Vivek Ramaswamy, has introduced a proposal for a ‘Bitcoin Bond’ exchange-traded fund (ETF). This fund aims to offer exposure to bitcoin (BTC) by investing in convertible securities, primarily from firms such as Microstrategy. Microstrategy and More: Strive Asset Management’s Bitcoin Bond ETF Embraces Crypto Giants The Bitcoin Bond ETF […] Original

Bitcoin Price Takes Another Hit: Bears Tighten Their Grip

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Bitcoin price failed to surpass $100,000 and corrected gains. BTC is back below $96,500 and might revisit the $93,200 support zone. Bitcoin started a fresh decline from the $99,400 zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $98,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,000 support zone. Bitcoin Price Dips Again Bitcoin price started…

Bitcoin Reserve Idea Sparks Cautious Response From Japan PM: Report

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Este artículo también está disponible en español. According to a recent report by Japanese cryptocurrency publication CoinPost, Japan’s Prime Minister Shigeru Ishiba has taken a cautious stance on the proposal to establish a national Bitcoin (BTC) reserve.  Ishiba Hesitant On Bitcoin Reserve Plans While some policymakers in Japan are advocating for the country to follow the lead of nations like the United States in exploring cryptocurrency reserves, Ishiba has expressed reservations, citing a lack of sufficient information to make an informed decision. The idea of a national Bitcoin reserve in…

Analyst Says XRP Price Will Outperform Bitcoin And Ethereum, Reveals ‘Secret Under The Hood’

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Este artículo también está disponible en español. Crypto analyst Egrag Crypto has boldly predicted that the XRP price will outperform Bitcoin and Ethereum. The analyst provided an in-depth analysis showing that XRP has a much higher multiplier than BTC and ETH.  XRP Price To Outperform Bitcoin And Ethereum In an X post, Egrag Crypto predicted that the XRP price would outperform Bitcoin and Ethereum as he envisages XRP’s market cap could reach between $619.61 billion and $1.56 trillion. With XRP’s dominance and market potential, the crypto asserted that it has…

Is Bitcoin Bull Run Over? What This Legendary Metric Says

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Here’s what the historical trend of the Bitcoin Market Value to Realized Value (MVRV) Ratio suggests regarding whether the current bull run is over or not. Bitcoin MVRV Ratio Could Hint At Where BTC Is In Current Cycle In a new post on X, CryptoQuant founder and CEO Ki Young Ju shared a chart showcasing the past pattern in the Bitcoin MVRV Ratio. The MVRV Ratio refers to a popular on-chain metric that, in short, keeps track of how the value held by the BTC investors (that is, the market…

Texas, Ohio, and Pennsylvania to create Bitcoin reserves

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Three of the 50 states of America are expected to create local Bitcoin reserves soon. The bills differ from the proposal of the American National Bitcoin Reserve and demonstrate local specifics. America is bullish on Bitcoin. Allegedly, each fifth American owns some BTC. While the U.S. President is pushing to create a strategic Bitcoin reserve, the states are working on local reserves. The Ohio and Texas proposals to create such reserves are about to pass; Pennsylvania is following their way, while other states are doing their considerations. What are the…

Why meme coins are fading amidst Bitcoin institutional adoption and gains this cycle

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Meme coins ranked among the most popular crypto narratives of 2024, creating a divide between crypto tokens. Bitcoin stands out among top crypto tokens with 125% year-to-date gains, and the meme coin category, or the “other tokens”, hit a key milestone, crossing a market capitalization of $100 billion.  Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE), the top three meme coins, have erased between 11% and 13% of their value in the past week. Bitcoin consolidates close to $95,000, nearly 12% below its all-time high of $108,353.  Bitcoin vs meme…