North Carolina approves bill on state study of Bitcoin
The “State Precious Metals Depository Study” bill received bipartisan support and passed 75-38. North Carolina could look into adding Bitcoin to its State Treasury if the bill is passed. In May, the house voted for another bill that seeks to ban CBDCs in the state. North Carolina’s lower house has passed a bill that could […]
Crypto Fear and Greed Index Points to Bitcoin Price Path to $40K
Crypto fear and greed index has moved to the greed area ahead of the upcoming Bitcoin options expiry. Bitcoin price was trading at $30,392 on Wednesday, where it has been in the past few days. This price is a few points below the year-to-date high of $31,478. At its peak, the coin jumped by more than […]
Bitcoin correlation with gold drops, highlighting risk-on nature remains
Key Takeaways Bitcoin’s correlation with gold is currently at its lowest level since FTX collapsed in November Our Head of Research writes that while one day Bitcoin may become a store of value, the numbers say it currently trades like an extreme risk-on asset Bitcoin lost 76% of its value amid the pullback in risk […]
Crypto resiliency continues as BTC holds above $30k, AltSignals raises $1M
AltSignals token has raised over $1 million as it nears its target. Bitcoin has held quite steady above $30,000 even as risks in the industry rise. Bitcoin price has held steady above the $30k level as the recent momentum wanes. It was trading at the important level of $30,230 on Tuesday, a few points below […]
Bitcoin’s correlation with Nasdaq 100 shrinks to 3-year low
Bitcoin’s correlation with the Nasdaq 100 has fallen to just 3% in June, down from the overall 60% in 2022. BTC price has outperformed the stock index year-to-date and over the past year. Bitcoin price jumped to a year high last week after news of a spot Bitcoin ETF application by global asset manager BlackRock. […]
Here’s why the Bitcoin Cash (BCH) price has just gone parabolic
Bitcoin Cash price has been in a strong bullish trend in the past few days. The coin has surged by over 150% from the lowest level in May. This rally is being supported by the Bitcoin ETF applications. Bitcoin Cash price continued surging on Monday even as BTC and other cryptocurrencies moved sideways. The BCH […]
Bitcoin hard forks, Bitcoin Cash and Bitcoin SV in the spotlight with double-digit gains
At press time, BCH price had risen by 52% in the last seven days and 28% in the last 24 hours. BSV, on the other hand, had gained 77% in the last seven days and 30% in the last 24 hours Bitcoin (BTC) has only gained 15% over the last seven days. Recently, attention has […]
Bitcoin soars as SEC allows first leveraged Bitcoin Futures ETF
Bitcoin rose to above $31,450 on Friday, its highest level since June 2022. BTC price spiked to the year-high level after the SEC allowed the Volatility Shares 2x Bitcoin Strategy ETF, or BITX. This is the first leveraged Bitcoin Futures ETF in the US and comes after this week’s BlackRock-fueled bullish sentiment for the crypto […]
Kaspa (KAS) price rising after CoinPal integration
Kaspa (KAS) price has surged 31% in the last 7 days and 4% in the last 24 hours. Kaspa was on June 22 integrated on CoinPal. CoinPal is a leading cryptocurrency payment service provider. While yesterday’s Kaspa integration with CoinPal is not the sole reason why Kaspa (KAS) price is rising, the integration has added […]
Bitcoin is like ‘high-flying, high-beta tech stock’
Anastasia Amoroso explains why bitcoin has been on a tear recently. She sees the world’s largest cryptocurrency as a tech asset. Bitcoin is currently up roughly 80% versus the start of the year. Bitcoin has been on a tear ever since the Federal Reserve skipped a rate hike for the first time since March 2022. […]