Bitcoin ETF Decision Gets an Overwhelming Amount of Public Opinion

A great deal of cryptocurrency proponents are hoping for a positive outcome when the US Securities Exchange Commission (SEC) decides on whether or not they will approve the latest bitcoin-based ETF application file by Cboe. The US regulator had asked for public opinion concerning the ETF again, and this time around the number of responses … Read more

Bitcoin to Hit $50,000 Despite Recent Plummet, BitMEX CEO Says

The recent downward spiral of Bitcoin hasn’t dissuaded Arthur Hayes from his bullish prediction that Bitcoin will hit $50,000 by the end of the year. Hayes, the co-founder and CEO of Bitcoin Mercantile Exchange (BitMEX), said that volatility is not Bitcoin’s weakness but rather its strength, as it gives investors the chance to make money … Read more

Bitcoin Price Watch: Currency Spikes by $500

At press time, the father of cryptocurrencies has jumped by $500 in just 24 hours. Yesterday, the coin had fallen to its lowest point in months, and was trading at $5,800 for most of the day. Many analysts were skeptical about potential recovery, and were certain a bear period was likely to mar bitcoin’s progress … Read more

Bitcoin Price Watch: Currency Falls to $8,500

At press time, bitcoin is trading for just over $8,500. This is a near $300 drop from yesterday’s price of $8,800, and the recovery many of us likely believed to be right around the corner is again sinking into hiding for the time being. The price did manage to rebound a bit following Monday’s start … Read more