Altcoins nurse double-digit losses as Bitcoin bulls fight to retake $49K
A renewed wave of selling briefly pushed Bitcoin price below $45,000 and the majority of altcoins saw their double-digit losses increase. Go to Source Powered by WPeMatico
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North America’s first Bitcoin ETF sees explosive debut with $564M in assets
The Purpose Bitcoin exchange-traded fund has been a roaring success since its debut last week. Go to Source Powered by WPeMatico
Pro traders went long as Bitcoin fell to $45K, liquidating $5.9B in futures
Data shows pro traders opened new leveraged long positions even as Bitcoin price dropped to $45,000 and $5.9 billion in futures contracts were liquidated. Go to Source Powered by WPeMatico
M31 Capital is looking to launch a new Bitcoin hedge fund
The M31 Capital Bitcoin Access Fund could provide institutional investors with another avenue for investing in BTC. Go to Source Powered by WPeMatico
Bitwise assets under management hit $1B, fueled by professional investors
Assets under management have doubled since the fourth quarter, highlighting growing mainstream adoption of Bitcoin and other cryptocurrencies. Go to Source Powered by WPeMatico
India’s Warren Buffet says Bitcoin hangover will be worse than the party
The man known as India’s Warren Buffet is eager for a blanket ban on all cryptocurrencies and believes the Bitcoin “party” will result in a terrible hangover for investors. Go to Source Powered by WPeMatico
Swedish regulators warn consumers against crypto as markets tumble
Sweden’s financial regulator thinks retail investors should stay away from financial products that have volatile cryptocurrencies as their underlying asset. Go to Source Powered by WPeMatico
Janet Yellen Warns Bitcoin Is ‘Extremely Inefficient’ and ‘Highly Speculative’ as BTC Price Plunges
U.S. Treasury Secretary Janet Yellen has warned about the dangers of bitcoin as the price of the cryptocurrency took a nosedive. She sees bitcoin as a highly speculative asset and is worried about potential losses investors can suffer. Yellen also believes that bitcoin is not widely used as a transaction mechanism due to its inefficiency, … Read more
Bitcoin falls to $45K in sequel to 20% BTC price crash
A failed rebound above $50,000 looks to flip the level back to resistance as $47,000 becomes a new price focus. Go to Source Powered by WPeMatico
Bill Gates warns Bitcoin buyers: If you have less money than Elon Musk — watch out!
The Microsoft founder thinks anyone with less money than the world’s richest man should “watch out” when it comes to Bitcoin. Go to Source Powered by WPeMatico