Tag: Investors

Bitcoin BTC Price Holds Steady Over $30K as Inflation Data, Macro Issues Leave Investors Increasingly Unmoved

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Massad and Clayton’s recommendations come at a potentially pivotal time in crypto’s brief history, and amid an ongoing jurisdictional feud between the CFTC, which considers crypto a commodity and the SEC, which sees it as a security. Both agencies have filed multiple legal actions against exchanges and other key crypto organizations, testing the applicability of current regulations but leaving investors and entrepreneurs deeply unsettled about crypto’s future in the U.S., which has largely spearheaded global interest in the space. Last month, the SEC sued Binance and Coinbase, saying the exchanges…

Bitcoin price rises as investors turn to self-custody

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On-chain data shows that bitcoin (BTC) has entered the accumulation phase over the past few months despite the high price fluctuations. According to data provided by Glassnode, the number of bitcoins on exchanges has been constantly falling since May and recently plunged to 2.2 million coins, marking a five-year low. The BTC balance on exchanges is currently worth $69 billion. The movement shows that investors are transitioning their assets to non-custodial wallets, addressing long-term investments. Moreover,…

Northern Trust Partners with NUS to Advance Blockchain for Institutional Investors

Nasdaq listed company Northern Trust (NTRS), the National University of Singapore’s School of Computing (NUS Computing), and the Asian Institute of Digital Finance (NUS AIDF) have announced a series of initiatives aimed at shaping the future of blockchain for institutional investors. Northern Trust, a leading provider of wealth management, asset servicing, asset management, and banking services, has a global presence with offices in 25 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East, and the Asia-Pacific region. On 23 June 2022, Northern Trust established…

June CPI, PPI Readings Hold the Spotlight for BTC Investors

On Wednesday, observers of U.S. monetary policy will eye the Labor Department’s release of the June CPI. The CPI has edged steadily downward since last year’s high. Economists’ consensus see June’s index dipping in the mid 3% range, although Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in a Monday note that it could tumble to 2.8%. Yet Moya also noted that core inflation, which excludes more volatile food and energy costs, could remain hot, a result of an expensive housing market. “Pricing pressures might remain…

institutional investors accumulated more bitcoin in June 

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to Ark Invest’s Bitcoin Monthly report for June 2023, there has been a significant increase in bitcoin (BTC) stored on over-the-counter (OTC) trading desks. This suggests that institutional investors are more interested in buying the cryptocurrency as they consider it a safe and secure investment. Bitcoin attracting more institutional investors  The report also sheds light on the company’s earnings and details on-chain activity, transparency, and accessibility of blockchain data. According to their evaluation, there has…

Investors bullish on Aave, InQubeta, and Filecoin despite inflation concerns

Many people are worried about inflation in the world’s financial markets due to the large amounts of money being spent by governments and central banks. This has led to renewed interest in cryptocurrencies to protect against the potential loss of purchasing power in fiat currencies. Even so, projects like Aave, InQubeta, and Filecoin have garnered substantial investor attention. Despite prevailing anxieties about inflation, these projects have sustained a positive sentiment among investors.  This article delves into the factors contributing to their optimistic outlook amid inflationary concerns. InQubeta: audited and secure…

ChatGPT picks Tradecurve, Aave, and Sui for investors to explore

Investors have a chance to increase their portfolios and earn profits through cryptocurrencies. However, with a vast selection of over 26,000 options, choosing which crypto to invest in can be challenging.  To assist with this decision, we have utilized ChatGPT, which has analyzed the market and suggested three tokens and projects in tradecurve (TCRV), aave (AAVE), and sui (SUI) that investors can consider. Aave leads the DeFi surge The decentralized finance (DeFi) sector is recovering and spearheaded by Aave, one of the oldest players.  Last week, AAVE prices surged by…

Exploring tools like ChatGPT in crypto trading and how investors can ride the AI wave via Fetch and InQubeta presale

Artificial Intelligence (AI) has rapidly transformed various industries, and crypto trading is no exception. AI-powered tools and technologies have the potential to revolutionize the way traders analyze market trends, make informed decisions, and maximize their profits.  We will explore the power of AI tools, such as ChatGPT, in crypto trading and highlight two cryptocurrencies, fetch (FET) and inqubeta (QUBE), that leverage AI to create opportunities investors can consider. AI tools in crypto trading AI tools like ChatGPT have emerged as invaluable resources for crypto traders. They harness the power of…

Demand for bitcoin options contracts surges as investors seek risk-defined exposure: Glassnode

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Financial market investors are increasingly turning to risk-defined derivative instruments, as evidenced by the surge in demand for bitcoin options contracts, with open interest nearing its all-time high. On-chain data reveals distinct bitcoin market signatures According to Glassnode, an on-chain data provider, the demand for bitcoin (BTC) options contracts has witnessed a remarkable surge, with open interest reaching $13.8 billion, coming close to its all-time high of $15.1 billion.  This remarkable increase suggests investors actively seek…