Bitcoin

The post Breaking: Thailand Joins Global Trend with Approval of First Spot Bitcoin ETF appeared first on Coinpedia Fintech News The Thailand Securities and Exchange Commission (SEC) has approved the first spot in the Bitcoin exchange-traded fund (ETF). The Thai SEC has given One Asset Management (ONEAM) the green light to offer spot BTC ETF only to wealthy and institutional investors.  The One Bitcoin ETF fund will invest in up to eleven global funds to guarantee asset safety and liquidity.…

In his latest dispatch, Charles Edwards, CEO of the Bitcoin and digital asset hedge fund Capriole, has flagged a significant market indicator in the latest edition of the firm’s newsletter, Update #51. Edwards points to the activation of the “Hash Ribbons” buy signal, a notable event that has historically indicated prime buying opportunities for Bitcoin. Bitcoin Hash Ribbons Flash Buy Signal The Hash Ribbons indicator, first introduced in 2019, utilizes mining data to predict long-term buying opportunities based on miners’…

Renowned Bitcoin analyst PlanB has recently updated his Stock-to-flow model and from this data he predicts a cycle top for Bitcoin of $500,000. He predicts a strong surge following the halving cycle, and that the $100,000 level should be reached soon. Previous cycles give a reliable prediction According to PlanB, the previous cycles for Bitcoin are a good indicator for what is about to happen this time. He sees Bitcoin pumping now that the halving has occurred and says that…

Wisconsin’s pension system invests $164 million in Bitcoin ETFs, signaling strong institutional confidence. Investment may boost Bitcoin’s price, stirring interest on whether new all-time highs are achievable. Following an earlier CNF update, the Wisconsin State Investment Board’s (SWIB) purchase of Bitcoin has been recognized as a major step towards institutional adoption of cryptocurrencies. The SWIB has now invested a substantial $164 million in Bitcoin Exchange-Traded Funds (ETFs), specifically BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC), as revealed…

The post Bitcoin Spot ETF Sees $105 Million Net Inflow appeared first on Coinpedia Fintech News On June 3, Bitcoin spot ETFs witnessed a net inflow of $105 million, marking the fifteenth consecutive day of positive inflows. Fidelity’s ETF, FBTC, led the way with an inflow of $77.0482 million. Similarly, Bitwise’s ETF, BITB, saw an inflow of $77.0482 million. In contrast, Grayscale’s ETF, GBTC, did not record any net inflow or outflow for the day. This continued interest in Bitcoin…

The post Wisconsin Pension Plan Eyes Larger Bitcoin ETF Investments, Says Marquette Professor appeared first on Coinpedia Fintech News According to the finance professor of Marquette University, David Krause, the initial investment of the State of Wisconsin Investment Board (SWIB) in spot bitcoin ETFs is only a trial phase. Earlier this year, SWIB added the iShared Bitcoin Trust of BlackRock and the Bitcoin Trust of Grayscale to its portfolio, worth $164 million. Krause talked about the innovative approach undertaken by…

Bitcoin price found support at $67,000 and started a fresh increase. BTC climbed above $69,500 and might continue to rise in the near term. Bitcoin started a decent increase above the $68,500 and $69,500 resistance levels. The price is trading above $68,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish…

Bitcoin (BTC), the largest cryptocurrency in the market, recently touched the crucial $70,000 level, proving to be a significant hurdle for its price consolidation in recent months.  Despite surpassing its previous high and reaching a record all-time high (ATH) of $73,700 in March, BTC experienced a 20% price correction to around $56,500 at the beginning of May. However, this correction marked the start of a renewed bullish momentum, with BTC currently trading at approximately $69,300. While Bitcoin’s price has seen…

Bitcoin’s price has stabilized above $67K, but traders are shifting focus to memecoins. Dogecoin’s Open Interest has been decreasing, indicating bearish sentiment. Since May 23rd, Bitcoin’s price has remained stable above $67K, but traders are increasingly turning their attention to memecoins such as Dogecoin (DOGE). This shift comes in anticipation of a potential supply overhang from the Mt Gox exchange. Despite some gains in related tokens, Dogecoin’s immediate outlook remains uncertain. According to QCP Capital, a crypto-trading firm based in…