US

Up to 60% of top US hedge funds now hold Bitcoin ETFs, a sharp increase since May. This shift highlights rising institutional adoption as more traditional investors are drawn to crypto. The January decision by the US Securities and Exchange Commission (SEC) to approve Bitcoin (BTC) ETFs marked a crucial moment, providing institutional investors with direct access to the crypto market. Hedge Funds Flocking to Bitcoin ETFs Sam Baker, a research analyst at BTC-focused firm River, notes that 60% of…

Zach Pandl, Grayscale Investments’ managing director, has boldly predicted that the price of Bitcoin will surge regardless of who wins in the upcoming US presidential election. He said this potential increase is because of macroeconomic trends, most especially pertaining to the assumed depreciation of the US dollar. According to Pandl, the fact that Bitcoin has a supply capped makes it an excellent hedge against inflation and monetary debasement as the US government continues to sustain more debt, now approaching a…

The post Just In: BitMEX Launched The Most Volatile U.S. Election memecoins on BitMEX Spot. appeared first on Coinpedia Fintech News The BitMEX cryptocurrency exchange has officially started the sales and purchase of 2 of the most hyped PolitiFi memecoins ahead of the U.S. Presidential election. Reportedly, the tokens are MAGA memecoin ($TRUMP) and Kamalahorris ($KAMA). Notably, the TRUMP token is currently listed with a trading price of $2.61, a circulating supply of 43.99 Million TRUMP tokens, and has a…

The post Donald Trump’s Chances of Winning the US Election Rises, Here’s Why appeared first on Coinpedia Fintech News After a continuous price drop in the past few days, the cryptocurrency market sentiment looks to be shifting as former president Donald Trump’s chances to win the US election increase. This speculation comes following Vice-President Kamala Harris’s consideration of the US SEC chairman Gary Gensler as a Treasury Secretary if she is elected as president. Crypto Market Rising, Why Following this…

Experts believe that the US Marshal Service (USMS) plans to sell all remaining Silk Road Bitcoin (BTC) after transferring the confiscated funds to new addresses. As the entity responsible for managing seized assets, the USMS — effectively representing the US government — may be taking action under political influence. US Marshal Service Likely Selling Silk Road Bitcoin Scott Johnsson, a finance lawyer, believes the US Marshal Service is “most certainly” selling Silk Road Bitcoin. This speculation arises after a series…

Crypto markets are eyeing several US macroeconomic events this week that could influence Bitcoin’s price. In 2024, macro developments have regained their effect on crypto assets, marking a shift from 2023, when their impact had largely faded. Bitcoin (BTC) remains below $60,000, a concerning price drop given the lower highs on the daily chart. The decline comes on the back of market sentiment shifting from fear to extreme fear. US Macro Events This Week Given this, investors are paying close…

The post US Government Holds $54B SHIB! A Potential Sell-off Approaching? appeared first on Coinpedia Fintech News According to data from Arkham Intelligence, the U.S. government holds 54.89 billion SHIB tokens. Notably, the blockchain wallet affiliated with the U.S. government holds more than 100 digital assets worth $12.43 billion at the time of writing. Out of the total crypto holdings in the wallet, only Shiba Inu has amassed a quantity in the billions. Based on its holding of over 54…

The crypto market continues to be influenced primarily by broader macroeconomic conditions, with the latest US Consumer Price Index (CPI) report providing a glimmer of optimism for risk assets, including cryptocurrencies. Crypto Awaits Fed’s Move According to a recent Coinbase report, the slightly softer-than-expected July CPI print of 2.9% year-over-year – the lowest level in three years – has “calmed market concerns and reinforced expectations of impending Fed rate cuts at the September 17-18 Federal Open Market Committee (FOMC). Per…

The post Trump vs. Harris: Who Will Dominate the Crypto Scene in US Election 2024? appeared first on Coinpedia Fintech News Do you know though the upcoming US presidential election is anticipated to be a battle between Democrats and Republicans, the actual fight is going to be between pro-crypto groups and anti-crypto groups? Along with the declaration of the election result, something else, more sensitive, will also be pronounced, ‘the destiny of the US cryptocurrency industry.’ The present US regime,…