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At Barron’s Advisor 100 Summit, a noticeable shift in sentiment toward Bitcoin was clear among America’s top financial advisors. Matt Hougan, Chief Investment Officer at Bitwise, conveyed pivotal insights, illustrating the industry’s stance on cryptocurrency, particularly Bitcoin. Hougan’s speech highlighted an engaging session that indicated a substantial rise in personal investments in Bitcoin by financial advisors. Bitcoin is Gradually Becoming Investors’ Favorite Compared to a few years ago, when only about 10-20% of attendees had exposure to cryptocurrencies, this year…

As the last week of September commences, financial markets look out for multiple US economic events. However, a handful of them will influence the portfolio and investment strategies of crypto investors, either directly or indirectly. Bitcoin (BTC) is off to a good start this week, holding well above the $63,000 threshold in the early hours of the Asian session. Manufacturing and Services PMI The business survey committees will release data about the purchasing managers’ index (PMI) for manufacturing and services…

A filing published on September 20 revealed that the US Securities and Exchange Commission (SEC) approved options trading for BlackRock’s spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT).  This approval opens a new chapter for investors seeking to manage their exposure to Bitcoin through advanced financial instruments. BlackRock’s Bitcoin ETF Options Approval Could Spark a Market Chain Reaction The move allows physically settled options on the IBIT, further integrating Bitcoin into traditional financial markets. This new tool will enable…

After the Federal Reserve cut interest rates by 50 basis points, the markets rallied strongly on the event. The S&P 500 posted a new all-time high, and Bitcoin (BTC) surged more than $4,000. Will $BTC now follow U.S. stocks and make its own all-time high?  Further potential growth across all markets After the first Federal Reserve rate cut in 4 years, markets have reacted with relief. The S&P 500 shot through $5,700, and the Nasdaq has improved 2.6%. At the…

So far, Bitcoin has seen a mixture of bulls and bears just in the past day alone. Although bulls appear to be taking the lead given its current market performance, will this be sustainable? Before the US Federal Reserve announcement of the rate cuts, Bitcoin experienced a slight dip in its trading price. However, following the announcement, the leading crypto saw a sudden price surge, reclaiming the $60,000 mark. Bitcoin continues to show bullish strength, trading at $63,006, reflecting a…

Former US President Donald Trump recently made headlines when he purchased burgers using Bitcoin at PubKey, a bar in Greenwich Village, New York City. Trump claimed this was the historic first time any US president had used cryptocurrency for a transaction. The event, held before a campaign rally, highlights Trump’s recent shift toward embracing digital assets as part of his 2024 campaign strategy. PubKey Co-Owner Sees Trump’s Transaction as Bitcoin’s ‘Coming of Age’ Moment Trump completed the transaction, totaling $998.70,…

Traders on the Chicago Mercantile Exchange (CME) have been increasing their short positions on Bitcoin futures ahead of the US Federal Reserve’s interest rate decision, according to K33 analyst David Zimmerman. This move indicates a cautious approach in the market, as the Federal Open Market Committee (FOMC) is expected to announce its latest interest rate decision later today by 2 pm ET The Looming Rate Cut And The Beforemath So far, current market sentiment points towards a 50 basis-point rate…

No matter who wins the US presidential contest this November, the trajectory of Bitcoin seems to be set to remain strong despite growing partisan fervor. Market observers and crypto enthusiasts mostly believe that the long-term future of Bitcoin is safe. Former President Donald Trump’s pro-crypto posture inspired recent hope that is starting to wane, although this has not affected the general state of the sector. US Election: Effect On Bitcoin’s Value Although some forecast instantaneous changes in price depending on…

As the US presidential election draws near, attention is turning to certain cryptocurrencies. Savvy traders are eyeing coins primed for potential surges. This article unveils the top five digital assets poised for bullish trends amidst election uncertainty. Curious about which coins could see significant gains? Discover the promising contenders ready to shine. Super Trump (STRUMP)  Super Trump (STRUMP) is showing promising signs for a massive rally, trading between $0.0047 and $0.0064. With its RSI at 42.55, the coin is positioned…