Mar 18 2024
The Democratic Party of South Korea is advocating for allowing local citizens to invest in spot Bitcoin ETFs and for financial institutions to launch such investment vehicles. The party is also offering tax exemptions for financial profits of up to two million Korean won (worth nearly $1,497) The People Power Party, which currently holds power …
Mar 17 2024
The Securities and Exchange Commission (SEC) has postponed its ruling on BlackRock’s request to introduce a spot Ethereum ETF until March. The decision was initially scheduled for January 25, but has been deferred to March 10, 2024. The delayed decision follows the recent approval by the SEC of nearly a dozen spot Bitcoin ETFs. BlackRock’s …
Mar 17 2024
Around 134,000 BTC has been bought by the nine newly launched funds since Jan. 11. Meanwhile, Bitcoin’s price is pushing above $42K. This stash is currently valued at around $5.6 billion. BlackRock and Fidelity have been the biggest purchasers of Bitcoin. Ark 21Shares is the third largest buyer of Bitcoin with 13,285 BTC purchased worth …
Mar 17 2024
Ripple’s recent price movement has been marked by extreme volatility, particularly following a breakout above the upper trendline of a sideways triangle pattern. The price extended its upward movement towards the significant resistance level of $0.66, raising expectations for a potential breakout. However, upon reaching the decisive $ 0.66 region, increased selling pressure emerged, resulting …
Mar 17 2024
Einstein is approaching its all-time high aggressively, with the price on an almost vertical rise. On the daily chart, the price has been blowing past several resistance levels since rebounding from the $2,200 level at the beginning of February. The market is currently testing the $3,500 resistance level and is yet to break to the …
Mar 16 2024
Bitcoin rallied past $63,000 this week before retreating to around $62,000. Over the past month, the asset has recorded an impressive 46% gain. Despite the massive bullish momentum, the chances of correction depict a cautionary tale. The latest surge in the price of the leading crypto asset has propelled a significant number of Bitcoin addresses …
Mar 16 2024
Avalanche is a powerhouse in the cryptocurrency field, known for targeting and serving retailers, newcomers, institutions, and pretty much everyone interested in the industry. It doesn’t matter what category you fall in – from a seasoned veteran to someone who’s just venturing into the field of crypto for the very first time – you need …
Mar 16 2024
Ether is up more than 10% over the last week to trade at $3,254, a new multi-month high. The Ethereum L2 TVL has also seen , reaching a new peak of $29.60 billion. Arbitrum takes the lead with 45.18% of the total TVL, representing $13.37 billion, followed by OP Mainnet at 25.55% or $7.56 billion. …
Mar 16 2024
Bitcoin’s price is finally showing signs of breaking the previous all-time high to the upside. The psychological resistance levels of $70K and $80K might be the upcoming targets for BTC in the coming months. Yet, the Relative Strength Index displays a clear overbought signal, which can point to a potential correction or consolidation in the …
Mar 15 2024
The BlackRock iShares Bitcoin Trust (IBIT) has emerged as a leading exchange-traded fund (ETF) in 2024. The ETF has surpassed the performance of numerous well-established funds after achieving over $3.19 billion in flows. Despite a delayed start on NASDAQ due to awaiting SEC approval, the BlackRock ETF is now in the top 0.16% of the …