BTC

On May 28, the London Stock Exchange will launch ETNs tracking the price of Bitcoin and Ether, with applicants urged to express interest from April 8. The announcement boosted the price of both cryptos, with BTC soaring past $70,000 for the first time in two weeks as Ether surged over 8% to trade above $3,600. The London Stock Exchange will debut Bitcoin and Ether exchange-traded notes in two months, an announcement that has sparked price rallies for the two largest…

The US federal prosecutors charge KuCoin with anti-money laundering law violations, questioning its customer vetting processes. Despite legal challenges facing KuCoin, Bitcoin maintains a steady value, holding firm at $70,000, indicating continued investor confidence. Recent developments reported by Reuters reveal that KuCoin, a prominent global cryptocurrency exchange, is now facing charges from US federal prosecutors. The charges allege that KuCoin violated U.S. anti-money laundering laws by not implementing effective customer identification procedures since its inception in 2017. This alleged oversight…

The five successive days of $BTC outflow, driven by the Grayscale Spot ETF selling, have now been cancelled out by a $418 million inflow on Tuesday. It’s now just a matter of time before the Grayscale outflows diminish drastically, and the bitcoin buying picks up pace again. For five straight days the Grayscale Bitcoin Spot ETF (GBTC) sold $BTC massively into the market, at the same time as inflows in the other 9 Spot Bitcoin ETFs dried up. What did…

Bitcoin’s price failed to overcome the $71,000 level decisively and has been pushed down to just under $70,000 as of now. However, the altcoins have retraced even more on a daily scale, which has pushed the BTC dominance to almost 50%. BTC’s Dominance Grows Despite Retracement The primary cryptocurrency added over seven grand in the middle of last week after the latest FOMC meeting. However, that rally was short-lived, and the asset quickly returned to $62,500 by Friday. The bulls…

Recent projections from crypto analysts suggest that Bitcoin (BTC) could witness a substantial surge —while shorts will be met with a significant squeeze. Analysts from the Kobeissi Letter believe short sellers might be in for a ride full of pressure. As per an X post, Kobeissi shed light on the substantial gap between institutional long positions and hedge fund shorts; institutions are holding nearly 20,000 net long contracts compared to hedge funds’ approximately 15,000 net short contracts. #Bitcoin may be…

Data shows the Bitcoin market sentiment has returned to the extreme greed territory as BTC has registered its rally beyond the $71,000 level. Bitcoin Fear & Greed Index Now Points To “Extreme Greed” The “Fear & Greed Index” is an indicator made by Alternative that tells us about the general sentiment among the investors in the Bitcoin and wider cryptocurrency market. This index represents the sentiment as a score between zero and hundred. To calculate this value, the indicator takes…

Bitcoin reclaimed another crucial resistance area as it climbed above $69,000 this week. With the upcoming halving drawing near, investors are preparing for the price fluctuations that accompany this event. However, the latest data suggests a promising trend for the leading crypto assets as two critical factors shift positively. According to CryptoQuant’s analysis, the Coinbase Premium Index is now higher once again. Such a trend is essentially indicative of renewed interest from US retail and institutional investors. Meanwhile, spot Bitcoin…

Bitcoin’s rebound to $71,000 may signal the end of its pre-halving dip, with sharks and whales accumulating over 52K BTC. The upcoming Bitcoin halving is set to have a significant impact, potentially mirroring trends from previous cycles. Recent data from Kaiko, a prominent cryptocurrency research organization, sheds light on revealing that Bitcoin closed the past week at a low of $67,000, amidst a rise in GBTC outflows. Meanwhile, the industry saw significant movements: Blackrock launched its first tokenized fund on…

Completely wresting the initiative from the bears, bitcoin is heading back to the $73,800 all-time high. This time, there doesn’t appear to be anything that can stop it. A raging bull market coming In previous bull markets bitcoin would reach that stage where the price became parabolic, and those witnessing this talked of a ‘raging’ bull market. Bitcoin could be about to enter into this stage in this current bull market in the not too distant future. Source: Coingecko/Trading View…