Bitcoin

The post MicroStrategy Leads Bitcoin Capital Markets appeared first on Coinpedia Fintech News In a recent research report, Bernstein revealed that MicroStrategy is pioneering BTC capital markets. Analysts wrote that MSTR is the only corporation that has developed institutional demand for Bitcoin-linked convertibles. To date, MicroStrategy has raised $4 billion of convertible debt only to buy more bitcoin. Michael Saylor’s firm currently holds 214,400 bitcoins worth about $14.5 billion. Using equity and debt has seen MicroStrategy grow its bitcoin per…

Bitcoin (BTC), the largest cryptocurrency by market capitalization, experienced a significant decline on Tuesday, echoing the broader downtrend in the cryptocurrency market. Fueled by worries about the global economy and reduced summer liquidity, Bitcoin dropped below the $65,000 mark for the first time since May 16.  Notably, Ethereum (ETH) also faced a 4% loss, trading at $3,400, while other cryptocurrencies, such as XRP, Solana (SOL), and dogecoin (DOGE), suffered even bigger declines. Market Uncertainty Persists Marko Jurina, CEO of Jumper.Exchange,…

Bitcoin has been having a bad time recently, but this analyst isn’t too worried about it, based on the recent trend in an on-chain indicator. Bitcoin Unrealized Loss Has Been At Low Levels Recently In a new post on X, on-chain analyst Checkmate talked about how the latest price action of the cryptocurrency isn’t too scary when considering the trend in the Unrealized Loss. The “Unrealized Loss” here refers to an on-chain indicator that keeps track of the total loss…

Bitcoin price extended its losses and traded below the $64,500 level. BTC is correcting losses, but the bears are still in control and aim for more losses. Bitcoin remained in a bearish zone and traded below $64,500. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a connecting trend line forming with resistance at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at risk of more…

Ethereum price started a fresh increase from the $3,350 support zone. ETH is outperforming Bitcoin and might rise further toward the $3,650 resistance. Ethereum is gaining pace from the key $3,365 support zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,460 on the hourly chart of ETH/USD (data feed via Kraken). The pair formed a double-bottom pattern and gained pace above the…

In a significant development within the cryptocurrency industry, asset manager Hashdex recently submitted an application to the US Securities and Exchange Commission (SEC) for a combined spot Ethereum and Bitcoin ETF.  Ethereum And Bitcoin ETF Merge?  Bloomberg ETF expert James Seyffart noted that Hashdex’s proposed ETF would be market cap-weighted and could potentially accommodate additional digital assets as they gain approval from the SEC.  Hashdex already operates a successful crypto index ETF in Brazil, known as HASH11, which primarily consists of…

Long-term SEC official David Hirsch has announced his departure from the markets regulator. Known for his high-profile cases, Hirsch’s departure might stir relief that will fuel BTC and XRP’s growth. David Hirsch, who headed the United States Securities and Exchange Commission’s (SEC) Crypto Asset and Cyber Unit within the Division of Enforcement, has resigned after nearly nine years of service. According to his post on LinkedIn, his departure marks a significant change within the regulatory agency. Hirsch played a crucial…

ASX approved Australia’s first spot Bitcoin ETF by VanEck, offering investors direct exposure to Bitcoin through a US-listed trust. This ETF marks a significant milestone in Australia’s crypto market. The Australian Securities Exchange (ASX) has greenlit its first spot Bitcoin exchange-traded fund (ETF), marking a significant milestone in the country’s cryptocurrency investment space. VanEck, a prominent issuer in the ETF space, is set to launch Australia’s first spot Bitcoin ETF on June 20th.  This ETF will operate as a feeder…

Larry Fink highlighted the shift from traditional banking to capital markets for private-sector financing. Bitcoin is gaining traction as a safe haven, with institutional interest increasing due to its higher returns and low correlation with equities. BlackRock CEO Larry Fink addressed the Group of Seven (G7) leaders, emphasizing a significant transformation in the global financial space. He pointed to the growing importance of capital markets as the primary source of private-sector financing, indicating a pressing need for innovative strategies to…