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The recent approval of the Spot Bitcoin ETF has brought Wall Street into the Bitcoin market, but it has also led to significant selling pressure from the Grayscale Bitcoin Trust (GBTC), which holds the largest pool of Bitcoin in the world. At …
The U.K. Supreme Court has denied Craig Wright permission to appeal a ruling in his case against Peter McCormack, according to a lawyer. The denial was later confirmed by a posting from the Supreme Court, stating that the appeal does not raise …
ARK Invest, the investment firm led by Cathie Wood, has been making significant moves in the cryptocurrency market. In the past week, the firm has been offloading shares of the ProShares Bitcoin Trust ETF (BITO) while accumulating its own spot bitcoin exchange-traded …
Crypto prices experienced a slight increase during the European morning, following a relatively calm Asian session. Bitcoin, the leading cryptocurrency, reached $41,250 at around 11:45 UTC, showing gains of approximately 2.6% in the last 24 hours. The 20 Index, which tracks the …
Support in the ether. It looks like we’ve hit a decent level of support for ether (ETH) as we hug the $2,200 level and, coincidentally, the 38 Fibonacci retracement level – one of the indicators traders use to gauge potential price stall …
Shares of Coinbase (COIN) experienced a 6% increase on Friday following an upgrade in the stock rating by investment bank Oppenheimer. The bank raised the rating from “perform” to “outperform” and set a price target of $160 per share. Oppenheimer analyst Owen …
Bitcoin (BTC) has yet to hit its local bottom, according to Chris Burniske, a partner at venture capital firm Placeholder and former crypto lead at Ark Invest. Burniske predicts that the price of Bitcoin could drop to at least the $30,000-$36,000 range, …
Miners Lead the Way as Crypto-Linked Stocks Rally with Bitcoin Price Increase On Friday, miners took the lead in the crypto market’s outperformance, with Cipher Mining (CIFR), Mawson (MIGI), and Core Scientific (CORZ) among the biggest gainers. This surge in mining stocks …
The BlackRock iShares Bitcoin ETF (IBIT) has become the first spot bitcoin product to reach $2 billion in assets under management (AUM). This milestone does not include Grayscale’s GBTC, which had nearly $30 billion in AUM at the time of its conversion …
The launch of spot bitcoin exchange-traded funds (ETFs) has been highly anticipated in the cryptocurrency industry. However, despite the initial excitement, the approval of these products by the U.S. Securities and Exchange Commission (SEC) has actually caused a decline in the price …