Bitcoin (BTC) Seen Topping $50K This Weekend Bitcoin (BTC) rose for a fifth day, reaching over $47,000 early Friday and surpassing a one-month high. The uptick in price occurred as East Asia celebrated the Chinese new year of the dragon, which is considered a lucky period according to the Chinese Zodiac. The word for dragon … Read more
Bitcoin Price (BTC) Regains $41K in End of Week Rally ARK Invest has sold over 2.2 million shares of the ProShares Bitcoin Trust ETF and bought 1.5 million shares of the ARK 21 Shares Bitcoin ETF. They sold the ProShares Bitcoin Trust ETF as part of a short-term play strategy and in anticipation of the … Read more
dYdX Beats Uniswap, Bitcoin Outlook Dour Analysts at Coinbase predict that Ether (ETH) could see significant growth in 2024, driven by hopes of a spot ETH ETF listing. Following the recent approval of bitcoin ETFs in the U.S., ETH reached its highest price since May 2022. Firms like BlackRock and VanEck, who were behind BTC … Read more
Bitcoin Pulls Back to $42K; Venezuela Shutters Petro Crypto Project J.P. Morgan’s research report suggests that the approval of new spot bitcoin exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission may not attract as much fresh capital as some market participants anticipate. Although the amount of new capital these ETFs will attract is … Read more
Bitcoin and Ether Options Activity Hits $20B The notional open interest in bitcoin and ether options contracts on Deribit, a leading exchange, has reached $20.64 billion, a record high since November 2021. This surge in open interest indicates a growing interest in crypto options among investors. The number of outstanding contracts has doubled compared to … Read more
