Bitcoin

BlackRock’s Global Allocation Fund now owns 43,000 shares of the iShares Bitcoin Trust. This marks the third internal BlackRock fund to invest in Bitcoin, following the Strategic Global Bond Fund and Strategic Income Opportunities Portfolio. In sequence to BlackRock Updates Ethereum Spot ETF Filing, Preparing for Trading Launch on July 4th, as per CNF recent report, the latest filing with the SEC, BlackRock’s Global Allocation Fund revealed it owns 43,000 shares of the iShares Bitcoin Trust, marking the third internal…

The post Is Bitcoin Stuck Up in a Bear Trap? Will BTC Price Trigger a Healthy Rebound? Here is What You Need to Know! appeared first on Coinpedia Fintech News A close consolidation after a steep rise or drop has become the new normal for the Bitcoin (BTC) price rally. Following a similar trend, the token continues to accumulate within a range, suggesting a major move could be nearby; however, the direction of the rally could depend on the volume…

The post Mt Gox To Redistribute BTC And BCH To Investors Amid Bitcoin Reaccumulation Schematic appeared first on Coinpedia Fintech News Amid the Wyckoff Bitcoin reaccumulation schematic, defunct Japanese Bitcoin exchange, Mt Gox has announced plans to start redistributing funds to investors in Bitcoin (BTC) and Bitcoin Cash (BCH) from the start of July. During this repayment phase, investors can maximize their capital by investing in tokenized ETFs through innovative crypto and ETF platforms like ETFSwap (ETFS). Investors Eye Huge…

Bitcoin is consolidating, struggling for gains, and looking at price action in the daily chart. Even with the rejection of lower prices, the coin has yet to follow through, decisively reversing losses of June 24. Should Bitcoin Traders Brace For More Losses? In light of this, one analyst on X thinks there could be more losses in the coming days. Posting on X, the on-chain analyst highlighted a worrying trend: Even amid the Bitcoin trading community’s optimism, sellers are relentlessly…

In an analysis provided by CryptoQuant, a significant change in Bitcoin miner behavior has been noted, potentially indicating a turning point. CryptoQuant analyst, known as Crypto Dan, outlined a reduction in miners’ selling pressure, which has historically been a pivotal factor affecting Bitcoin’s price trajectory. Bitcoin Mining Selling Pressure Decreases According to Crypto Dan, “Miners’ selling pressure decreases. One of the whales that have caused the cryptocurrency market to fall recently have been miners.” He explained that the BTC halving,…

The Bureau of Economic Affairs released its Personal Consumption Expenditures price index for May today on Friday.  The PCE - which is considered the Federal Reserve’s favoured inflation metric - seems to indicate that the central bank is winning its war against inflation.  Both the headline and core PCE YoY prints for May fell to 2.6%, in line with the market’s expectations. Meanwhile, the “supercore” PCE rose only by 0.1%, its smallest increase since August 2023.  BREAKING: May PCE inflation, the…

As we dive into the second half of 2024, the cryptocurrency market is filled with risks and opportunities. Investors are looking for the best altcoins to watch in H2 2024. Bitcoin (BTC) and Ethereum (ETH) lead the pack, while WW3 Shiba (WW3S) is a new contender with the possibility of explosive growth. Bitcoin and Ethereum are two blue-chip cryptocurrencies expected to attract institutional and retail investors. On the other hand,WW3 Shiba is a crypto-hidden gem making waves due to its…

According to a latest report, an ETF that seeks to enable investors to gain exposure to both Bitcoin and Gold simultaneously has been filed.  The preliminary SEC prospectus discloses that the blending of low-correlation assets is meant to offset short-term price fluctuation.  A newly proposed Exchange-Traded Fund (ETF) that seeks to expose traders and investors to Bitcoin (BTC) and Gold has been filed. According to a document at our disposal, the STKD Bitcoin&Gold ETF, proposed to be jointly launched by…

U.K. — CryptoSace, a premier cloud mining platform, proudly announces the launch of its state-of-the-art cryptocurrency mining service designed to democratize access to cryptocurrency earnings. As the digital currency market continues to surge, CryptoSace is at the forefront, providing investors with an unparalleled opportunity to generate income through secure and efficient mining operations. CryptoSace leverages advanced cloud mining technology to offer users a hassle-free and highly profitable cryptocurrency mining experience. By utilizing remote data centers with shared processing power, CryptoSace…