Despite hotter-than-expected inflation data, the Bitcoin price defied expectations and surged in value on Wednesday, even as the US Federal Reserve’s rate cut story was thrown into doubt. The US Consumer Price Index (CPI) reported a 0.4% increase in March, exceeding the anticipated 0.3% rise. Core CPI metrics also surpassed forecasts. This news sent US …
Web3 infrastructure provider Metaplanet (3350) has seen a surge in its Tokyo-listed stock by nearly 90% within just two days after adding $6.56 million worth of Bitcoin (BTC) to its balance sheet. According to data from Google Finance, the company’s shares are currently trading at 36 yens, up by 89% over the day. The surge is …
New Crypto Presale Dogeverse Raises $250,000 in Minutes, Will This Multi-Chain Meme Coin Explode? / Source: Dogeverse Website Monday, April 8th, 2024 – New crypto presale Dogeverse ($DOGEVERSE) has raised $254,000 within minutes of launch, indicating it could be the next meme coin to explode on the scene. Doge Day coming on April 20 will …
Bitcoin’s price volatility for the last 30 days stands around 4% — down from nearly 18% in April 2013. It’s starting to look more like a traditional equity. The clock is ticking on Bitcoin’s halving and it appears the ETF mania has accelerated the timeline of its arrival. Indeed, we have just a couple of …
Bitcoin’s subtle dip to $67,800 on Saturday stirs speculation, spotlighting our Bitcoin price prediction: could we see it soar to $70,000 soon? This question gains weight as Genesis injects $2.1 billion into Bitcoin, counterbalancing market tremors and signaling robust confidence in its future. With major financial players like JPMorgan and Goldman Sachs now navigating the …
The price of Bitcoin (BTC) has surged above the $67,000 mark amid declining outflows from Grayscale’s Bitcoin ETF (GBTC). According to data from Farside, GBTC saw $79.3 million in outflows on Thursday, marking the third consecutive day of less than $100 million in withdrawals. Grayscale saw outflows totaling $81.9 million and $75.1 on Tuesday and Wednesday, respectively, …
Goldman Sachs chief investment officer Sharmin Mossavar-Rahmani, said in an interview with the Wall Street Journal, Bitcoin is not considered an investment asset class, adding “we’re not believers in crypto.” Wall Street has been coming round to the idea of cryptocurrency as an asset class with many traditional financial institutions such as BlackRock and Fidelity …
Bitcoin spot ETFs saw record monthly volume in March, tripling numbers from the previous two months with a whopping $111 billion traded. Bitcoin ETF Smashing Success The funds collectively traded ~$42 billion in February, and ~$25 billion in January, when they first went live. Since that time, Blackrock’s iShares Bitcoin Trust (IBIT) has overtaken the …
Does anyone actually buy Bitcoin (BTC) as an inflation hedge? CNBC’s Andrew Sorkin isn’t sold on the idea. During an interview with Pomp Investment founder Anthony Pompliano on Monday, both men debated whether BTC’s theoretical role as a “risk off” asset is a real thing or a mere narrative driven by speculators. Bitcoin: Risk On …
Dogecoin’s (DOGE/USD) price sitting at $0.200469, following a 24-hour trading volume of $2,470,300,185. Ranked #8 by market capitalization, Dogecoin has recently witnessed a 7.18% decline, leaving investors and traders considering the next move for this dynamic cryptocurrency. The current Dogecoin price prediction buzz hinges on a recent surge, igniting discussions of a potential climb to record …
Bitcoin’s price, now at $70,768 with a 1.50% rise, is nearing uncharted territory, spurred by a $35 billion trading volume. Amidst Google’s embrace of blockchain data, indicating growing mainstream acceptance, Bitcoin price predictions are increasingly optimistic, suggesting a trajectory towards new all-time highs. This shift underscores a significant moment in cryptocurrency’s integration into the broader …
Coinbase has announced plans to increase the storage of corporate and customer USDC balances on Base, an Ethereum Layer 2 solution incubated by the exchange and built on the open-source OP Stack. The move is expected to provide benefits such as lower fees, faster settlement times, and enhanced security for managing customer funds. Max Branzburg, …
Hong Kong is getting ready to follow the United States’ lead in approving Bitcoin spot ETFs for public trading, analysts at Bloomberg Intelligence suggest. The region’s regulators may go a step further than their Western counterparts, however, by permitting those funds to use an “in-kind” redemption model. What Are ‘In Kind’ Bitcoin ETFs? The redemption …
