Bitcoin, the pioneering cryptocurrency, has witnessed a minor 1% spike in its valuation, prompting investors and enthusiasts to reevaluate their stance: is now the optimal time to invest? Bitcoin’s current price is $29,197 and its 24-hour trading volume is $12.2 billion. Upholding its dominant position, Bitcoin retains the top spot on CoinMarketCap with a substantial…
Read more
The Bitcoin price continues to compress around its current levels, but during today’s trading session, there was an uptick in volatility. The rise in this metric could hint at a shift in the narratives influencing BTC’s price action. As of this writing, Bitcoin trades at $29,300 with sideways movement in the last 24 hours. In…
Read more
Bitcoin price remains stagnant for going on months now, with no clear trend developing and volatility in a downward spiral. However, some subtle signs are popping up that could suggest that a bullish Bitcoin trend is beginning to take shape. Make Friends With Strong Trends “The trend is your friend” is one of the most…
Read more
London-based Jacobi Asset Management has announced the release of Europe’s first spot Bitcoin (BTC) Exchange Traded Fund (ETF) which will be listed on the EuroNext Amsterdam Exchange. The ETF went live today after a one-year delay due to unfriendly market conditions (the collapse of the Terra network and FTX exchange) after it received approval from…
Read more
Javier Milei, a libertarian candidate who supports abolishing the central bank and has praised Bitcoin (BTC), secured an unforeseen triumph by winning the primary presidential election in Argentina. With 90% of the vote counted, Milei from the “La Libertad Avanza” party secured 30.5%. The “Juntos por el Cambio” and “Unidos por la Patria” candidates got…
Read more
In the ongoing market turbulence on higher timeframes, Bitcoin (BTC) is at a crucial juncture as a great consolidation phase persists. Research and analysis firm Material Indicators closely monitored the recent weekly candle close/open, paying particular attention to two key factors: the trend line and the 21-day, 21-week, and 21-month moving averages (MA) – all…
Read more
Bitcoin’s recent price surge of 1.5% has ignited discussions about the cryptocurrency’s future trajectory. The changing crypto landscape and retail access to Bitcoin were key points of discussion in a recent interview with former SEC Chair Jay Clayton. With the live Bitcoin price at $29,468 and a substantial 24-hour trading volume of $13.3 billion, the…
Read more
Bitcoin exchange-traded fund (ETF) hopefuls have faced a setback as the US Securities and Exchange Commission (SEC) decided to delay their ruling on Ark Invest’s spot Bitcoin ETF application. Next up now is the Bitwise Bitcoin ETP Trust’s, which the SEC will need to decide on whether to approve, reject or delay by September 1….…
Read more
Former chairman of the US Securities and Exchange Commission (SEC) Jay Clayton just called for the approval of a spot Bitcoin Exchange Traded Fund (ETF) in an appearance on CNBC TV. Initially, he conceded that, back when he was chair of the SEC, he had been skeptical of the Bitcoin trading markets…. Read More: Former…
Read more
Bitcoin’s recent price surge of 2% within a 24-hour period has prompted speculation about its potential implications for investors. As market dynamics continue to evolve, the question arises: Is this surge signaling an opportune moment to consider buying Bitcoin? Let’s find out. In a recent podcast interview, Michael Saylor, CEO of MicroStrategy, highlighted his perspective…
Read more
