Bitcoin

The post CME to Offer Spot Bitcoin Trading: Impact on Binance and Coinbase appeared first on Coinpedia Fintech News The Chicago Mercantile Exchange (CME), a leading bitcoin futures exchange, is reportedly considering offering spot bitcoin trading. This move could significantly impact major players like Binance and Coinbase by providing a regulated trading environment for bitcoin, addressing growing demand among market participants. Interestingly, followed by the news Bitcoin spot ETF trading has surged, reaching $5.65 billion, the highest since March 24th…

The post Bitcoin Price Surges After Meme Stocks Pump, are BRC20 Tokens Next? appeared first on Coinpedia Fintech News A multitude of bullish catalysts, including the recent surge in ‘meme stocks’ like GameStop and the latest CPI report, have influenced the crypto market in recent days, leading to a 7% increase in Bitcoin’s price over the past 24 hours. With Bitcoin on the rise, it’s likely that liquidity will also cycle down and benefit its BRC20 ecosystem tokens next. Bitcoin…

In a recent analysis, James Coutts, Chief Crypto Analyst at Realvision, signaled a potential bullish turn in Bitcoin’s near future, attributing the forecasted change to shifts in global liquidity measures, specifically the Global Money Supply (M2) index which is widely seen as most important price catalyst. Coutts detailed this anticipation in a thread on X, where he examined the relationship between major economic indicators and Bitcoin’s price cycles. Global Money Supply And Its Correlation With Bitcoin Coutts’ analysis begins with…

Investment management giant Millennium Management has officially disclosed holdings of nearly $2 billion in spot Bitcoin ETFs, highlighting the growing interest and investment in Bitcoin ETFs by major institutional players. Holdings Breakdown According to the 12F-HR institutional investment manager holdings report filed by Millennium Management with the SEC, the firm owns a combined total of $1,942,591,163 in spot Bitcoin ETFs. This investment constitutes approximately 3% of its $64 billion fund as of the first quarter of this year. Specifically, Millennium…

Bitcoin surged above important resistance levels on Wednesday, and is currently trading at just under $66,000. Has the bull market now resumed, or will this be another fake rally? A glorious surge A glorious 7.6% surge from $BTC took place on Wednesday. Not only did this mean that the beleaguered support at $61,000 did its job and held solid, but also that the $63,000 resistance was shattered. Wednesday’s price action has printed a long green engulfing candle on the daily,…

Amidst the evolving cryptocurrency landscape and surging demand, Bitcoin's scalability challenges still persist in 2024. Moreover, the focus is now shifting towards solutions that can not only help unlock its full potential, but cater to a widening array of use cases worldwide.  zkBTC — a project supported by prominent incubation and marketing firm Lunar Digital Assets (LDA), has emerged with a mission to scale Bitcoin comprehensively, addressing the rising demand for Ordinals and BRC20s, in-turn driving mass adoption. Being recognized…

CME Group, the world’s largest futures exchange, will introduce spot Bitcoin trading, as reported by the Financial Times on Thursday. This move aims to meet the growing demand from Wall Street money managers for cryptocurrency exposure. CME Group Plans Bitcoin Spot Trading The Chicago-based exchange has been in discussions with traders seeking a regulated marketplace for Bitcoin transactions. While the plan isn’t finalized, it marks a significant step in integrating traditional finance with digital assets. Read more: What Are Bitcoin…

Millennium Management, a global investment firm with over $60 billion in assets, has disclosed its significant Bitcoin exchange-traded fund (ETF) holdings for the first quarter of 2024. According to a recent 13F filing with the Securities and Exchange Commission (SEC), Millennium holds approximately $1.9 billion in various US-traded spot Bitcoin ETFs. Institutional Bitcoin ETF Investments Surge The firm’s largest holdings include BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), and the Grayscale Bitcoin Trust ETF (GBTC). In…

New York-based Pine Ridge Advisers recently invested approximately $205 million in major U.S. Bitcoin spot ETFs, demonstrating the growth of institutional demand for cryptocurrency. Pine Ridge Advisers investment is part of a broader movement where various entities, including banks, corporations, and local governments across the United States, are legally purchasing Bitcoin through these financial instruments. This trend reflects a growing acceptance and interest in BTC among traditional financial institutions. Pine Ridge Advisers Invests $205 Million in 3 Bitcoin ETFs The…