Bitcoin

Michael Novogratz, the esteemed founder of Galaxy Digital Holdings, recently declared that Bitcoin might consolidate within a specific price range in the near future. During a conference call following his company’s first-quarter financial disclosure, he provided insights into the cryptocurrency’s trajectory. What can Cause a Bitcoin Breakout From the Consolidation? Novogratz highlighted the integration of cryptocurrency into traditional finance as a pivotal factor in maintaining Bitcoin’s price within this range. “We are in the consolidation phase in crypto. Bitcoin, Ethereum and everything…

The post BlackRock Poised to Overtake Grayscale as Largest Bitcoin Fund Manager appeared first on Coinpedia Fintech News BlackRock is set to surpass Grayscale as the largest bitcoin fund manager, with its spot bitcoin ETF reaching $16.7 billion in assets in just four months. This rapid growth narrows the gap with Grayscale, which peaked at $28 billion. BlackRock’s shift towards cryptocurrencies reflects the growing demand from clients and the expanding digital asset market, a stark change from the earlier skepticism…

The post Can XRPETF Token Sustain Momentum Among Bitcoin And Ethereum Communities Post-Presale? appeared first on Coinpedia Fintech News Table Of Contents Bitcoin’s Rollercoaster Ride: From Liquidity Battles to Spot ETF Inflows Ethereum ETF Uncertainty: SEC’s Decision Delay Sparks Market Fluctuations XRPETF Token (XRPETF) Rose to Stardom in Two Weeks. Bitcoin and Ethereum kick off the 13th of May with a subtle dip, keeping investors on their toes. Amidst this backdrop of fluctuating markets, a newcomer emerges with a promise…

Bitcoin price is holding the key support at $60,000. BTC could start another increase and rise toward the range resistance at $63,500. Bitcoin is still trading in a range between $60,000 and $63,500. The price is trading above $61,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $61,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it…

A quant has explained how there appears to be a relationship between Coinbase’s spot volume dominance vs. Binance’s and the Bitcoin price. Bitcoin Has Been Reacting To Binance/Coinbase Volume Changes In a CryptoQuant Quicktake post, an analyst discussed the dynamics in the cryptocurrency market that arise out of the battle happening between Binance and Coinbase for spot volume dominance. The quant shared a chart below that shows how this war for dominance has played out over the past decade. As…

In anticipation of the upcoming US inflation report, savvy investors have purchased 70,000 Bitcoin (BTC), signaling a strategic pivot towards cryptocurrency as a hedge against potential economic volatility.  This massive acquisition follows a significant 1 million BTC sell-off at the close of 2023, underscoring renewed confidence among long-term holders in BTC’s value. Investors Return to Buy 70,000 BTC Ahead of CPI Report  Recent worries about inflation and the decreasing worth of fiat currencies have sparked renewed interest in alternative stores…

The State of Wisconsin Investment Board (SWIB) has made a significant move in the cryptocurrency market by purchasing $99 million worth of BlackRock’s Bitcoin ETFs, iShares Bitcoin Trust (IBIT). This acquisition, disclosed in a recent filing with the U.S. Securities and Exchange Commission (SEC), highlights the growing trend of institutional investment in Bitcoin exchange-traded funds (ETFs). Wisconsin’s Strategic Move The financial markets have been buzzing since spot Bitcoin ETFs were approved in January. These investment vehicles have quickly gained traction…

El Salvador launches a proof-of-reserves website for tracking its Bitcoin holdings, aiming to boost transparency in its cryptocurrency operations. The country’s move follows its groundbreaking decision to adopt Bitcoin as legal tender, with the website offering real-time data on its Bitcoin reserves. El Salvador has recently unveiled a notable initiative, launching its very own proof-of-reserves website to provide real-time transparency regarding the nation’s Bitcoin holdings. The move underscores El Salvador’s commitment to embracing cryptocurrency and leveraging blockchain technology for financial…

BitMEX former CEO Arthur Hayes believes the US election in November is good for Bitcoin. He projected softer economic policies irrespective of who wins. BitMEX co-founder Arthur Hayes thinks that more money would be printed and released into the economy in anticipation of the forthcoming US Presidential election. He also talked about what this scenario would hold for the price of Bitcoin (BTC). Monetary Policy Might Shift In a recent YouTube interview, Hayes stated that the election would lead to…