Tag: Report

Investors in Russia expect Bitcoin to peak at $160k this cycle: report

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Despite Bitcoin’s recent surge past $100,000, investors in Russia doubt the crypto will hit the $200,000 mark anytime soon. Bitcoin’s (BTC) rise past $100,000 has sparked excitement, though Russian investors aren’t counting on it hitting $200,000 this cycle, according to analysts polled by Russia’s state news agency TASS. They estimate Bitcoin could climb as high as $160,000 but don’t see it doubling its current price anytime soon. As for the reason behind Bitcoin’s recent growth, analysts point to macroeconomic changes, such as the Federal Reserve’s rate cuts after a prolonged…

US Treasury Acknowledges Bitcoin as ‘Digital Gold’ in Fiscal Report

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The U.S. Treasury’s Fiscal Year 2024 Q4 Report describes how “digital assets have witnessed rapid growth albeit from a small base,” highlighting bitcoin’s “primary” function as a “store-of-value.” Treasury’s Bitcoin Remarks Ignite Conversations Among Enthusiasts On Saturday, enthusiasts on X buzzed over the Treasury’s comparison of bitcoin to “digital gold.” The report, crafted by the […] Original

Bitcoin Breaks $100K Amid Market Volatility: November Option Volatility Report by Bybit and Block Scholes

DUBAI, UAE, Dec. 6, 2024 /CNW/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with Block Scholes, unveils its November Option Volatility Report, spotlighting Bitcoin(BTC)’s remarkable milestone of surpassing $100K. This detailed analysis delves into key market dynamics and option volatility trends, offering insights to guide traders through the evolving crypto landscape. Bitcoin‘s Volatility on the Path to $100K Bitcoin‘s journey to $100K has been fueled by surging demand for call options and strong bullish sentiment, particularly leading up to the U.S. presidential election on November…

eToro eyes U.S. IPO with Goldman Sachs support: report

eToro, a trading platform for stocks and cryptocurrencies, is working with Goldman Sachs to plan an initial US public offering.  The company could go public as early as the second quarter of 2025, but the timing may change, according to unnamed sources familiar with the matter, Bloomberg reports. eToro hopes to exceed the $3.5 billion valuation it achieved during a private funding round last year. Details about the IPO, including other banks that may be involved, remain under discussion.  SEC vs. eToro The platform faced regulatory issues in the U.S.,…

Bitcoin HODLers book profits post-$100k ATH: report

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Long-term Bitcoin holders took profits following BTC’s rally to a $104,000 all-time high, CryptoQuant data showed. According to the analytics provider, the long-term holder spent output profit ratio, which tracks entry price versus selling price, increased after Bitcoin (BTC) crossed $100,000. The LTH-SOPR hit four on CryptoQuant’s chart, indicating that sellers made four times the amount spent on initially acquiring their Bitcoin. This suggests that recent sellers invested around the $20,000 level. BTC has not traded at this price since the market doldrums of 2022. LTH-SOPR metric as BTC investors…

Bitcoin exchange holdings decline to multi-year low: report

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Bitcoin reserves on centralized crypto exchanges like Binance and Coinbase have dropped to their lowest levels in years, reinforcing bullish crypto sentiment. CryptoQuant data confirmed that investors have withdrawn over 171,000 Bitcoin (BTC) from leading crypto exchanges since Donald Trump’s victory in the U.S. presidential election. Mass withdrawals shorten the supply available for sell-offs, often signaling a long-term investment plan adopted by holders. While data showed staggering Bitcoin exchange outflows after President Trump’s victory, the trend extends back to 2021. Bitcoin exchange reserves steadily dwindled since crypto’s previous peak, marking…

Crypto firms in Norway’s wealth fund face ethics probe in 2025: report

Norway’s sovereign wealth fund’s ethics council will reportedly conduct investigations into crypto and gambling firms listed in the fund’s portfolio, including Binance and Marathon Digital, over money laundering risks. According to an exclusive Reuters report, crypto firms are included among the companies listed in the Norwegian sovereign wealth fund subject to an investigation by the fund’s ethics council. The Norwegian sovereign wealth fund is the largest sovereign wealth fund in the world, with $1.8 trillion in investments. It owns 1.5% of listed shares in 8,700 companies across the globe. This…

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week. Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January. Key…

US Imposes Import Restrictions on Bitmain ASICs: Report

The U.S. Customs and Border Protection Agency has halted imports of certain Antminer ASICs produced by Bitmain. Bitmain Rivals Spared The U.S. Customs and Border Protection Agency (CBP) has reportedly been blocking imports of Bitmain made Antminer ASICs. The border agency, which has not provided reasons for the blockade, is believed to be acting on […] Source CryptoX Portal

US detaining Bitcoin mining equipment at border: report

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U.S. Customs and Border Protection, at the request of the Federal Communications Commission, has been detaining imports of Bitmain’s Antminer ASIC miners at ports nationwide for up to two months. The delays have impacted seven U.S.-based Bitcoin (BTC) mining companies without answers, according to a report from Blockspace. The detained models include the S21 and T21 series miners. CBP has not disclosed the reason for the detentions or provided a timeline for resolution. Some affected companies have reported daily holding fees exceeding $200,000. The holds do not appear to target…