Bitcoin charges toward $64K as Tesla ATH boosts Elon Musk to $250B net worth
Tesla stock nears $1,000 for the first time as a resurgent Bitcoin completes its lower support retest and aims for $64,000. Go to Source Powered by WPeMatico
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Bitcoin price action in 2021 so far mirrors 2017 — Will it continue?
Bitcoin is in full bull run mode according to trading analysts, as on-chain indicators look promising, but the rest of 2021 could be full of surprises. Go to Source Powered by WPeMatico
From $4 to Over $3.1 Million — Miner Transfers 50 ‘Sleeping Bitcoin’ After BTC Sat Idle for 11 Years
On October 22 at 4:52 p.m. (EDT), a miner that acquired 50 bitcoin on May 17, 2010, spent the funds that sat idle for 11 years and five months. There hasn’t been a 2010 block reward spent in three months and the last time a 2010 miner spent their ‘sleeping bitcoin’ was on July 4, … Read more
Wall Street jinx? Traders weight ‘sell the news’ potential after Bitcoin ETF launch
The previous big launches of Bitcoin-related products on Wall Street were followed by multi-month price slumps. Go to Source Powered by WPeMatico
Valkyrie’s Bitcoin Strategy ETF Debut Listing Drops Over 4% — Proshares ETF Slides 3.5%
On Friday, the Valkyrie Bitcoin Strategy Exchange-Traded Fund (ETF) launched on Nasdaq under the ticker BTF and dropped in value not too long after the ETF first came out of the gate. The second bitcoin ETF to launch in the United States followed bitcoin’s spot price movements on Friday, as BTF started the day above … Read more
Robinhood CEO Says Waitlist for Firm’s New Crypto Wallet Reached 1 Million Customers
On Thursday, Robinhood CEO Vlad Tenev spoke at a conference called the Disruptor 50 Summit and the executive explained that the waitlist for the company’s recently announced crypto wallet has 1 million sign-ups so far. “We’re very proud of our cryptocurrency platform and giving people more utility with the coins they have,” Tenev said during … Read more
Bitcoin extends correction as Ethereum sees ‘picture perfect’ rejection at all-time highs
A copycat move from ETH leaves investors noticeably disappointed and puts the brakes on the “up only” trend of the past week. Go to Source Powered by WPeMatico
JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump
JPMorgan strategists say that interest in the newly launching BITO Bitcoin ETF could cool after a week or so. Go to Source Powered by WPeMatico
Ethereum nears its own all-time high as ETH price retakes $4K
The 30-day correlation between Ether and Bitcoin remains at 0.81 above zero. Go to Source Powered by WPeMatico
Proshares Bitcoin Strategy ETF Debut Captures Close to $1 Billion in Volume
The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume. Eric Balchunas, the senior ETF analyst for Bloomberg said that the Proshares Bitcoin Strategy ETF (BITO) definitely “defied expectations.” Proshares Bitcoin ETF Commands Serious Volume Proshares Bitcoin Strategy exchange-traded fund (BITO) … Read more
