Not everyone is convinced, however. Quinn Thompson, founder of crypto hedge fund Lekker Capital, told CoinDesk that the U.S. election is only one facet of the current trading environment. Traders, he suggested, have also been looking at tech earnings, ongoing tensions between Iran and Israel and a sharp rise in U.K. gilt yields following the rollout of the government budget earlier this week. Source
New data reveals that spot bitcoin exchange-traded funds (ETFs) have collectively surpassed the impressive milestone of holding over 1 million BTC. How 12 U.S. Bitcoin ETFs Quickly Acquired 1 Million BTC In just 293 days, the 12 U.S. spot bitcoin ETFs have accumulated more than 1 million BTC, totaling nearly $71 billion. Since Jan. 11, […] Original
The goal of allowing greater utility is one of “critical” importance, according to Citrea. While BTC has served well as a form of digital gold, it risks being sidelined by users relying on intermediaries and external networks to provide scalability, Citrea said. Source CryptoX Portal
A breather in the market from a wider pump earlier in the week came amid a second straight day of strong inflows for U.S. bitcoin exchange-traded funds (ETFs). The ETFs recorded over $893 million in inflows on Wednesday after taking in $879 million on Tuesday, the first back-to-back inflows of more than $850 million. Cumulative net inflows since their introduction in January now total $24 billion, according to data tracked by Farside Investors. Source
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
Este artículo también está disponible en español. US Bitcoin ETFs recorded their highest daily inflow since inception, amassing $870 million on Tuesday. This surge in investment comes as the largest cryptocurrency inches closer to its all-time high of $73,700, originally reached in March. This comes as investor sentiment appears to be buoyed by speculation surrounding a potential victory for Republican candidate Donald Trump over VP Kamala Harris, which many believe could foster a more positive environment for the digital asset ecosystem, ultimately favoring crypto prices. Bitcoin ETFs Inflows And Price…
Bitcoin is marching higher, easing past $70,000 and $72,000 in the past two days, sparking a wave of demand. Although prices are moving within a tight range at spot rates, the uptrend remains. While there are pockets of weakness, at least seen earlier today, candlestick formation in the daily and weekly charts point to strength. Is Bitcoin Preparing For A 6X Surge To $462,000? In a post on X, one analyst thinks Bitcoin will not only break above its all-time high at $74,000 but can easily 6X to over $462,000…
MicroStrategy’s most recent previous disclosure was in mid-September when it announced the purchase of 7,420 bitcoins (BTC) for $458.2 million. That brought its holdings to that point to 252,220 bitcoins acquired for a total of $9.9 billion, or an average price of $39,266 each. At the current price of about $72,000 the company’s bitcoin is worth more than $18 billion. Source
Bitcoin (BTC) has had a strong week so far, climbing 7% since Monday as election season ramps up the hype in the crypto market. Historically, presidential races tend to shake up crypto – and traders are ready to seize the moment. While BTC’s rally is grabbing attention, Pepe Unchained (PEPU), a new meme coin in […] Original
Patronis, who is one of three trustees along with the governor and state attorney general, asked the organization to come back with a report that can inform state lawmakers before the next session. If Florida were to make that change, it would follow in the footsteps of states such as Wisconsin and Michigan. Original