El Salvador Announces $1.6 Billion Investment That Will Kickstart ‘Bitcoin City’ – Decrypt
El Salvador is receiving a major infrastructure investment that is expected to help build the country’s future-oriented “Bitcoin City.” The government said Sunday that Turkish holding company Ilport will invest $1.62 billion in two seaports in El Salvador, the largest private investment in the country’s history. “This is a joint venture with Ilport Co., Ltd. […]
Bitcoin Price Slump Tied to Rise of Kamala Harris Over Trump, Says Bernstein – Decrypt
Rising expectations surrounding Kamala Harris’ presidential campaign could be contributing to Bitcoin’s recent price decline, Bernstein analysts wrote in a report published on Monday. Since President Joe Biden dropped out of the Democratic race in favor of his vice president, Harris’ odds of winning the election have soared in recent polls and cryptocurrency prediction market […]
Bitcoin metric calls 'local bottom' as traders eye sub-$60K BTC price – TradingView
Bitcoin BTCUSD With major BTC price indicators seeing room for growth, it suggests a third “local bottom” could occur in 2024. The latest research published by on-chain analytics platform CryptoQuant on August 8th shows bullish indications from the network value-to-transaction golden cross (NVT-GC) tool. BTC price is “overly depressed” Bitcoin is at risk of collapsing […]
Morgan Stanley’s ETF move a ‘giant step’ for bitcoin adoption – Blockworks
Enjoy Blockworks.co’s On the Margin newsletter today, and get the news delivered straight to your inbox tomorrow. Subscribe to the On the Margin Newsletter. Welcome to the On the Margin newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what’s in today’s edition: What it means for Morgan Stanley to allow advisors to […]
ETF Bitcoin: $105 Million Evaporated, are Investors in Despair? – Cointribune EN
9:05 ▪ 3 Reading time: minutes ▪ Author: Micaiah A. The world of Bitcoin ETFs is going through a difficult phase after the recent cryptocurrency market crash. The subsequent sell-off has triggered a wave of massive outflows and undermined investor confidence. Although the situation is concerning, there is a ray of hope that the trend […]
How USDT, USDC played a part in Bitcoin, crypto-market’s fall and recovery – AMBCrypto News
USDT and USDC surge by nearly $3 billion amid crypto market downturn Tether’s USDT recorded $1.5 billion in deposits, while Circle’s USDC recorded $820 million. The entire cryptocurrency market collapsed on Monday despite its previous strong performance. Earlier this week, the global stock market crash sent all cryptocurrencies lower. However, stablecoins defied market expectations throughout […]
Morgan Stanley’s Bitcoin ETF push is a 'death wish,' says former SEC official – Cointelegraph
Morgan Stanley, the largest asset manager in the United States, could face a tough compliance scrutiny for allowing its entire team of financial advisors to pitch a Bitcoin exchange-traded fund (ETF), former Securities and Exchange Commission (SEC) official and cryptocurrency skeptic John Reed Stark has warned. “Morgan Stanley has subjecting itself to the largest examination […]
Here’s why it’s Ethereum vs Bitcoin in the macro capital markets now – AMBCrypto News
Ethereum lags behind Bitcoin in institutional demand Ethereum holds a strong lead over Bitcoin in one key area. The spot Ethereum ETF may have brought some excitement to the market, but the enthusiasm has not been on par with that seen with Bitcoin, which is consistent with Bitcoin’s promotion by the political elite. This observation […]
Bitcoin, crypto shares plunge as investors pull back on risky stocks amid fears of recession
Bitcoin and U.S. cryptocurrency stocks fell sharply on Monday along with the rest of the stock market as weak jobs data and the Fed’s decision to hold off on cutting interest rates stoked fears of a U.S. economic recession. Bitcoin prices have fallen more than 15% over the past five days, dropping below $55,000 to […]
Morgan Stanley tells financial advisers they can pitch Bitcoin ETFs as crypto bets big on Trump presidency: report
Morgan Stanley is reportedly getting involved in a Bitcoin ETF. Morgan Stanley’s roughly 15,000 advisors can reportedly guide clients in buying shares in BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund. CNBC reported the story based on anonymous sources.. Reports of a policy shift by Morgan Stanley, the sixth-largest U.S. bank, come as […]