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Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. “We believe bitcoin is an asset class in itself,” said the CEO of the world’s largest asset manager. Fink downplayed regulatory changes, arguing broader acceptance and liquidity will drive market expansion. With the firm’s bitcoin … Read more
After a recent 10% correction, Bitcoin has rebounded, climbing back to the $63,000 mark as it attempts to reclaim the critical Short-Term Holder cost basis. This resurgence comes as the broader crypto market stabilizes following a period of volatility. Following a 10% price correction, the #Bitcoin market has rebounded back to the $63k level in … Read more
Canary Capital Group LLC has officially submitted a registration with the U.S. Securities and Exchange Commission (SEC) for its proposed Canary XRP ETF, aimed at providing investors with exposure to XRP. The exchange-traded fund (ETF) is designed to give investors an option other than directly holding XRP, making access easier through traditional brokerage platforms. Canary … Read more
A veteran trader says Bitcoin is following a “perfect script” that terminates with a potential $150,000 cycle high. Go to Source
A drop in Ethereum network activity and investors’ concerns about the global economy continue to weigh on ETH price. Go to Source
The ETP issuer is asking for more clarity and consistency from what it claims is the European Union’s “patchwork” of crypto regulations. Go to Source
JPMorgan analysts are showing optimism as bitcoin exhibits strong upward trends moving into the fourth quarter. They highlighted October’s historically positive returns for the cryptocurrency and suggested this trend could persist. “We continue to see the crypto ecosystem being incrementally more sensitive to macro factors,” the analysts noted. JPMorgan Sees Bright Prospects for Bitcoin in … Read more
Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures. Bitwise to Combine Bitcoin and Ethereum ETFs According to the SEC filing, … Read more
Selling from ETH ICO participants and a lack of demand for the spot Ether ETF could be contributing to Ethereum’s price downside. Go to Source
October, notoriously known as “Uptober” among crypto enthusiasts, has kicked off on a sour note. Bitcoin and Ethereum plummeted over 4% each, with $BTC hitting $61,750 and $ETH tumbling to $2,495. Uptober has started with a drop, with bitcoin and Ethereum dropping over 4% each 📉$BTC hit $61,750, while $ETH fell to $2,495 👀 This … Read more
