Bitcoin forming 'massive' bullish wedge pattern as trader eyes $85K – Cointelegraph
Bitcoin price has formed a bullish wedge pattern while hovering near its 2021 all-time high, with hopeful traders targeting a price target of $85,000 next. “Bitcoin is forming a massive falling wedge near the highs of the last cycle,” anonymous crypto trader Jelle wrote on Xinhua on July 26. postThis is typically seen as a […]
How a Kamala Harris presidency might impact bitcoin and the wider crypto sector – The Block
US Vice President Kamala Harris has become the leading candidate for the Democratic presidential nomination after incumbent Joe Biden suddenly announced his withdrawal from the presidential race last Sunday. This development raises the question of how the White House Harris administration will approach Bitcoin and the cryptocurrency sector as a whole. Bitcoin briefly fell 3% […]
A recap of the Biden administration’s war on Bitcoin
Many prominent politicians and business leaders, including former President Donald Trump, Robert F. Kennedy Jr. and Vivek Ramaswamy, gathered in Nashville this week for the Bitcoin Conference 2024. Despite receiving an invitation, Democratic front-runner Kamala Harris declined to attend. Conference organizer David Bailey criticized Harris’ decision on X. Tweet“It’s not surprising. What could we say […]
Bitcoin Miner Riot Scoops Small Kentucky Rival for $92 Million as Sector Sags – Decrypt
Riot Platforms announced on Tuesday that it has acquired Kentucky-based Block Mining Corp. for $92.5 million as headwinds faced by small-scale bitcoin miners continue to pose challenges for the industry. Terms of the agreement include $18.5 million in cash and $74 million in Riot common stock, with the possibility of additional payments based on performance […]
Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors – CNBC
People walk past a neon sign advertising a Bitcoin and Ethereum cryptocurrency exchange in Warsaw, Poland, May 19, 2024. Yap Ariens | Nurphoto | Getty Images Bitcoin led the crypto market down on Tuesday, the Ethereum ETF’s first trading day, as investors locked in profits after Mt. Gox sent more bitcoin to creditors and the […]
Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin funds – CNBC
The regulator did not immediately respond to CNBC’s request for comment on Monday. The agency approved rule changes in May to allow exchanges to list ethereum funds. Among the firms that have been racing to launch Ethereum funds are large asset managers such as BlackRock, Fidelity and VanEck, along with crypto-focused firms such as Bitwise, […]
Hong Kong to launch Asia’s first inverse Bitcoin ETF – Cointelegraph
On July 23, the CSOP Bitcoin Futures Daily (-1x) Inverse product (7376.HK), Asia’s first Bitcoin futures inverse product, will be launched in Hong Kong. A new exchange-traded fund (ETF) from CSOP Asset Management, one of China’s largest asset managers, aims to give investors a way to profit from falling Bitcoin (BTC) prices. The development follows […]
Bitcoin price advance toward $68K sets a bullish path for SOL, ICP, GRT and BONK – Cointelegraph
Bitcoin (BTC) is gradually moving towards $70,000, indicating that market sentiment remains positive. According to data from Far Side Investors, a U.S.-based spot Bitcoin exchange-traded fund (ETF) saw inflows of $383 million on July 19, bringing cumulative net inflows into the ETF to more than $17 billion since its inception. Bitcoin whales appear to be […]
Boom in Bitcoin ETFs: Over $17 billion in net inflows – Cointribune EN
6:40pm 3 Takes a few minutes to read ▪ Micaiah A. The democratization of Bitcoin through ETFs is in full swing. These financial instruments have been a remarkable success and allow investors to turn to regulated investments. Currently, Bitcoin ETFs are seeing record inflows, indicating growing enthusiasm for this cryptocurrency. In this article, we explore […]
US Bitcoin ETFs see record $17B in net inflows – Cointelegraph
In a landmark achievement, a U.S. Bitcoin spot exchange-traded fund (ETF) recorded cumulative inflows of over $17 billion, setting a new record. According to the data Monitored Net inflows were driven primarily by BlackRock’s IBIT, which alone brought in $18.968 billion, according to Far Side Investors, while Fidelity’s FBTC also contributed significantly with $9.962 billion […]