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Bitcoin poised for institutional boom: Scaramucci predicts rise
17.5.2024
Anthony Scaramucci, the co-founder of Skybridge Capital, remains optimistic about Bitcoin. He thinks it is still on its way to becoming widely adopted. He specifically mentions the increasing focus of institutional investors as a critical factor for that possibility. In a recent interview with...
Bitcoin: analysts predict short-term jump before a downturn
17.5.2024
As per the consensus among analysts, the forecast for Bitcoin indicates that it will undergo a transient upswing prior to a downturn. According to Ali, a prominent cryptocurrency analyst, caution should be exercised when selling Bitcoin. He further emphasizes this by using his TD sequential...
Bitcoin Price Prediction as BTC Shoots Past $65,000 Resistance – Bulls Back in Control?
17.5.2024
Bitcoin surged past $66,000, reaching an intraday high of $66,500. Institutional interest, including BlackRock's IBIT, is driving the bullish momentum.
The post Bitcoin Price Prediction as BTC Shoots Past $65,000 Resistance – Bulls Back in Control? appeared first on Cryptonews
Bitcoin Price Prediction: BTC Above $65K Amid $100M Andrew Tate Investment and Supply Lows
17.5.2024
Bitcoin Price Prediction: With BTC trading above $65K, Andrew Tate's $100M investment fuels bullish sentiment amid decreasing supply on exchanges.
The post Bitcoin Price Prediction: BTC Above $65K Amid $100M Andrew Tate Investment and Supply Lows appeared first on Cryptonews
Institutional Bitcoin Adoption Is Just Getting Started, Says Anthony Scaramucci
17.5.2024
Anthony Scaramucci says it pays to be an early Bitcoin investor, despite the volatility.
The post Institutional Bitcoin Adoption Is Just Getting Started, Says Anthony Scaramucci appeared first on Cryptonews
Oklahoma Enacts Watershed Bitcoin Rights Law Protecting Self-Custody Wallets
16.5.2024
Oklahoma Governor Kevin Stitt delivered a major win to digital asset supporters Monday with the enactment of new law HB3594 focused on preserving fundamental Bitcoin rights. News of the state's new law comes amidst the U.S. government's crackdown on self-custody wallets, prompting outrage in...
Bitcoin Price Pumps Higher as Morgan Stanley Reveals Significant Holdings in US Spot Bitcoin ETFs – Here’s the Latest
16.5.2024
The Bitcoin (BTC) price has been pumping higher this week in wake of US CPI data that pointed at moderating price pressures, and as major financial institutions including Morgan Stanley reveal significant holdings in US spot Bitcoin ETFs.
The post Bitcoin Price Pumps Higher as Morgan Stanley...
Bitcoin surges, lifting crypto market out of slump
16.5.2024
Bitcoin’s current price of 66,249.40 USD has been +5,434.80 in the past five days. As a result, Bitcoin futures were perceptibly bullish, holding above $60k on Tuesday, May 14. On Wednesday, the soft US CPI and retail sales report discussed in the opening saw “risk” sentiment accelerate...
Bitcoin to Return to $74K Highs, Bullish Momentum to Sustain: QCP Capital
16.5.2024
Leading trading firm QCP Capital has expressed optimism about Bitcoin's price momentum, forecasting a potential return to the highs of $74,000.
The post Bitcoin to Return to $74K Highs, Bullish Momentum to Sustain: QCP Capital appeared first on Cryptonews
Millennium Management’s $2B investment tops Bitcoin ETF scene
16.5.2024
Millennium Management LLC has established itself as a frontrunner in the Bitcoin ETF investment industry since its establishment, investing approximately $2 billion across a variety of investment strategies. With this comprehensive stake, Millennium has positioned itself ahead of...
Bitcoin Price Prediction as Millennium Management Holds $2B in ETFs – Bullish Signal for BTC?
16.5.2024
With Millennium Management's substantial $2 billion investment in Bitcoin ETFs, the cryptocurrency's recent price surge reflects growing institutional trust and market optimism
The post Bitcoin Price Prediction as Millennium Management Holds $2B in ETFs – Bullish Signal for BTC? appeared first...
Chicago Mercantile Exchange Eyes Bitcoin Trading to Seize Growing Market Demand: Report
16.5.2024
The Chicago Mercantile Exchange (CME) is reportedly planning to launch Bitcoin trading, seeking to capitalize on the swelling demand for Bitcoin among Wall Street fund managers this year.
The post Chicago Mercantile Exchange Eyes Bitcoin Trading to Seize Growing Market Demand: Report appeared first...
Vanguard’s New CEO Affirms No Plans to Launch Bitcoin ETF Despite Industry Interest
16.5.2024
Salim Ramji, the newly appointed CEO of Vanguard, has confirmed that the company will not reverse its decision to refrain from launching a spot Bitcoin ETF.
The post Vanguard’s New CEO Affirms No Plans to Launch Bitcoin ETF Despite Industry Interest appeared first on Cryptonews
Bitcoin Price Prediction as US Core Inflation Data is Released – Is the Bull Market About to Start?
16.5.2024
Bitcoin surges 7.50% to $66,350 as US CPI data indicates cooling inflation, boosting hopes for a Federal Reserve rate cut.
The post Bitcoin Price Prediction as US Core Inflation Data is Released – Is the Bull Market About to Start? appeared first on Cryptonews
El Salvador Announces Tokenized Investment Offerings On Bitcoin Sidechain
15.5.2024
El Salvador's National Bitcoin Office launches tokenized investment offerings on the Liquid network, leveraging blockchain technology for new opportunities. Discover how to invest in El Salvador Bitcoin and benefit from its growing ecosystem.
The post El Salvador Announces Tokenized Investment...
Bitcoin Price Pumps 5% to $65K After CPI Data – Can BTC Break Out of Its Current Range?
15.5.2024
The Bitcoin (BTC) price surged more than 5% back to the $65,000 level on Wednesday in wake of US CPI inflation data that showed moderating price pressures in April, supporting bets that the Fed will be able to ease interest rates a few times before the end of 2024.
The post Bitcoin Price Pumps...
Bitcoin ETFs gain diverse investors amid market shifts
15.5.2024
Over the past few weeks, interest in Bitcoin exchange-traded funds (ETFs) has increased significantly in the cryptocurrency market. This has brought about significant changes in the buying and selling patterns of different global markets. After four weeks of capital decline in the US spot Bitcoin...
Bitcoin encounters $60k resistance amid market uncertainty
15.5.2024
Bitcoin’s consolidation phase is not a new phenomenon. If anything, it is giving the market a sense of stability amid the rising uncertainty. A movement within the confined zone is helping traders and investors decide when to withdraw or invest. The same phenomenon has also established a resistance...
El Salvador mined over 474 Bitcoins, expanding its crypto stash
15.5.2024
According to a recent report by El Salvador’s official government organization, its coffers presently contain 5,750 Bitcoins. El Salvador has mined nearly 474 Bitcoins for the past three years, and the credit goes to its geothermal powerhouse, which uses volcanoes as fuel. Touted as a green...
Bitcoin in April: Halving Price Fallout, Network Peaks and ETF Updates
15.5.2024
In April 2024, Bitcoin faced its sharpest price drop since the FTX collapse, with halving charts in focus, but network activity soared to record highs, driven by new protocols and ETF developments. This report explores and analyzes Bitcoin's ecosystem and the BTC price developments last month.
The...