Bitcoin’s price surged to $31,000 as a handful of BTC spot ETF applications and Fed Chair Jerome Powell’s views on stablecoins appear to have improved crypto investors’ view of the market. BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF) has encouraged other financial firms to follow suit. First, it was the New York-based asset management…
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The strength in the S&P 500 and weakness in the U.S. Dollar Index could limit the short-term downside in Bitcoin and select altcoins. The S&P 500 Index (SPX) has gained for five consecutive weeks, the first such instance since November 2021. In comparison, Bitcoin (BTC) is trading well below its local high of $31,000, made…
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Ripple CEO Brad Garlinghouse has blasted the enforcement approach of the U.S. Securities and Exchange Commission (SEC) after the release of the Hinman docs, which contain internal discussions that the institution had before the now famous 2018 speech offered by former SEC Division of Corporation Finance Director William Hinman. Garlinghouse stated that while he was…
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Bitcoin has reclaimed the $26,000 level, but will large cap altcoins follow BTC’s rebound? Bitcoin is witnessing a tough battle between buyers and sellers near the $25,000 mark. A minor cause of worry for the bulls is that even the news of BlackRock having filed an application for a Bitcoin (BTC) spot exchange-traded fund could not boost…
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Despite a slight rebound in price, shiba inu remained near its lowest level in 21 months during Friday’s session. Overall, the global cryptocurrency market cap was marginally higher, climbing by 1% as of writing. XRP was an exception, dropping to a three-week low today. Shiba Inu (SHIB) Shiba inu (SHIB) moved away from its lowest…
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Ripple CEO Brad Garlinghouse has criticized the role that the U.S. Securities and Exchange Commission (SEC) decided to assume against the cryptocurrency industry. After the release of the Hinman docs, which explain the internal discussions of the institution before the now famous Hinman speech, Garlinghouse stated that the SEC “weaponized the lack of regulatory clarity,”…
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XRP plunged by over 9% on Wednesday, as traders moved to secure profits following a recent ten-week high. This decline comes as overall market sentiment remains bearish, following last week’s actions by the U.S. Securities and Exchange Commission (SEC). Cardano was also back in the red today. XRP XRP, formerly ripple, dropped by over 9%…
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XRP, the cryptocurrency that powers the XRP Ledger, a layer-1 blockchain protocol, has reversed lower following an earlier pump to fresh multi-month highs in the $0.565 area. The cryptocurrency, which ranks as the world’s sixth largest with a market capitalization of around $26.5 billion, was last changing hands just under $0.51.XRP is now down more…
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John Deaton, a crypto lawyer and founder of CryptoLaw, told Cointelegraph that released Hinman documents highlight the need for Congress to intervene and provide clarity in governing digital assets. On June 13, the long-awaited Hinman documents were finally unsealed and released to the public. The unveiled documents offer valuable insights into a significant speech delivered…
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