Is BTC repeating path to $75K? 5 Things to know in Bitcoin this week
Bitcoin tries to recover from its trip below $112,000 as BTC price volatility keeps the market in a state of flux. Source link
SEC Upping Bitcoin ETF Options Limits Will Boost IBIT: NYDIG
BlackRock’s market-dominating spot Bitcoin exchange-traded fund may get bigger after the US Securities and Exchange Commission increased position limits for many Bitcoin funds, according to crypto financial services firm NYDIG. The SEC on Tuesday increased the number of allowed options contracts from 25,000 to 250,000 “for all ETFs with options,” which includes the iShares Bitcoin…
Read more
Metaplanet First Bitcoin-Stacking Firm To Buy Dip In August
Metaplanet snapped up another 463 Bitcoin on Monday, making it the first public company to capitalize on Bitcoin’s recent 5% dip over the weekend. The Japanese investment firm bought the Bitcoin (BTC) for 8 billion Japanese yen ($53.7 million) at an average purchasing price of around $115,895, Metaplanet said in a Monday statement. The purchase…
Read more
Bitcoin Drops 5% As Historical August Bearish Trend Continues
Bitcoin will likely need to hold above the $110,000 support level to get a chance at retesting its all-time high, according to an analyst, as Bitcoin fell 5% over the weekend. Bitcoin fell from about $118,330 on Friday, dropping to $112,300 on Sunday, a bearish start to a historically bad month for Bitcoin. “A lot…
Read more
CFTC ‘Crypto Sprint’ With SEC To Implement Trump Plans
The US Commodity Futures Trading Commission has launched a “crypto sprint” to begin implementing crypto-related recommendations the Trump administration released on Wednesday. CFTC Acting Chair Caroline Pham said on Friday that the agency would “work closely” with Securities and Exchange Commission Chair Paul Atkins and Commissioner Hester Peirce on its “Project Crypto” initiative announced on…
Read more
Lugano’s Satoshi Statue Recovered Following Theft and Vandalism
The iconic “disappearing” statue of pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto, reported stolen on Saturday, has been recovered, according to Satoshigallery, the art collective responsible for installing the statue. Municipal workers from the city of Lugano, Switzerland, recovered the statue, which was thrown into Lake Lugano after it was removed from its base in Parco…
Read more
Can BTC Price Rebound 30%?
Key takeaways: Bitcoin’s 50-day EMA bounce aligns with a bullish pattern targeting $148,000. Old whale’s 80,000 BTC selloff marks third profit wave, often a prelude to a recovery. Bitcoin (BTC) has dropped by 7.50% three weeks after establishing its record high at around $123,250. But analysts say this may be the final shakeout before a…
Read more
The Token Is Dead, Long Live The Token
Opinion by: Daniel Taylor, head of policy at Zumo Crypto X communities think tokens are toast. Here’s why they’re right — and dead wrong. If there were one chart to sum up today’s crypto token meta, it would be Bloomberg chart-boxing its comparison of Bitcoin (BTC) against an altcoin basket. Bitcoin holders are jubilant, watching…
Read more
Bitcoin Sellers Hit Exchanges As Price Touches $112,000
Key points: Bitcoin speculators join whales in sending BTC to exchanges, with price then dipping below $112,000. Analysis warns that continued whale selling could spark a deeper, longer BTC price correction. Exchange order-book activity shows large-scale market exiting, but Bitcoin is attempting to reclaim $114,000. Bitcoin (BTC) hodlers are selling across the board as BTC…
Read more
Citigroup, JPMorgan Lead Blockchain Push: Ripple Report
Citigroup, JPMorgan Chase, Goldman Sachs and Japan’s SBI Group have emerged as the most active players in traditional finance backing blockchain startups, according to a new report by Ripple in partnership with CB Insights and the UK Centre for Blockchain Technologies. Between 2020 and 2024, global banks participated in 345 investments in blockchain companies, most…
Read more