Bitcoin found support at $25k (again). YTD performance remains impressive.
Bitcoin found support at $25k (again) YTD performance remains impressive A dovish Fed may trigger even more strength Cryptocurrency investors may have been disappointed by the lack of volatility during the summer months—after all, Bitcoin, the leading cryptocurrency, only consolidated levels. But one should keep in mind that Bitcoin rallied strongly in 2023. It returned […]
Shiba Memu, Hifi finance, and Bitcoin price prediction
$26,500 level holds the potential to serve as a pivotal point for Bitcoin price. According to market analysts, Hifi Finance could hit the highest price of $1.0. At press time, one Shiba Memu (SHMU) coin was going for 0.028225 USDT. The crypto market is once again on a bull cycle after a brief bear market […]
Bitcoin tops $27k as Shiba Memu’s presales close in on the $3M mark
TL;DR The cryptocurrency market has been bullish today, with prices of most cryptocurrencies up by more than 2%. With the market in a bullish state in the last few days, Shiba Memu is also closing in on a new record as its presale now stands above $2.9 million. Bitcoin crosses the $27k mark Bitcoin, the […]
BitGo and Swan partner to launch a Bitcoin-only trust company
Key takeaways BitGo and Swan to launch a new trust company Crypto custodian BitGo and bitcoin financial services firm Swan have announced plans to launch a Bitcoin-only trust company. According to the press release published on Thursday, the Bitcoin-only trust company will offer custody without exposure to other digital currencies. The trust, which will be launched […]
Pro says ‘longer term momentum is starting to break in Bitcoin’
Wolfe Research analyst is concerned on recent price action in Bitcoin. Rob Ginsberg explained why in a research note on Thursday. The world’s largest cryptocurrency printed a Death Cross this week. Bitcoin slipped below the key $25,000 support this week which a Wolfe Research analyst finds concerning. Why is Rob Ginsberg worried about Bitcoin The […]
Bitcoin could head to $27k as Chancer’s presale nears $2M
Key takeaways Bitcoin has settled above the $26k level and could be heading towards the $27k resistance level soon. Chancer’s stage two presale is now closing in on the $2 million mark. The cryptocurrency market is having a positive week so far. The prices of most cryptocurrencies are up by 2% since the start of […]
Coinbase confirms plans of integrating the Lightning Network
Coinbase says it will add support for the Bitcoin Lightning Network. Cathie Wood praises the crypto exchange for the decision. Coinbase shares are down nearly 30% versus their YTD high. Coinbase Global Inc has decided to integrate the Lightning Network that aims at making Bitcoin a viable option for faster and cheaper global payments. How […]
BitMEX co-founder says BTC price may rise if monetary policies tighten
The Federal Reserve has increased its benchmark rate from 0.25% to 5.25% over the past year. BitMEX co-founder believed that bondholders might seek more lucrative “risk assets,” such as Bitcoin. Bitcoin’s four-year cycles might be linked to central banks’ low-rate policies. Challenging the conventional wisdom regarding the relationship between Bitcoin and interest rates, BitMEX co-founder […]
Asset manager Franklin Templeton applies to launch a spot Bitcoin ETF
Franklin Templeton joins other asset management firms like Grayscale that have applied to offer crypto ETFs. The SEC was mandated by the court to evaluate Grayscale’s application to convert its Bitcoin futures ETF into a spot ETF. Franklin Templeton will collaborate with CF Benchmarks to ensure accurate valuation. Franklin Templeton, a prominent asset management firm […]
Crypto is “maturing well”, Mohamed El-Erian says
Crypto is getting more and more institutionalised and maturing well, says Mohamed El-Erian. The top economist pointed to the flip in sentiment from major players such as BlackRock as good for crypto. El-Erian also commented on US inflation. Mohamed El-Erian, the chief economic advisor at Allianz, says the cryptocurrency industry is getting more institutionalized and […]