US-based ETF provider Global X has listed the Global X Bitcoin ETP and the Global X Ethereum ETP on the London Stock Exchange. The move comes after the UK regulator, the Financial Conduct Authority (FCA) approved the first crypto ETPS from issuers WisdomTree and 21Shares last month. The crypto products are restricted to professional investors...
Bitcoin (BTC), the world’s leading cryptocurrency, continued its downward trajectory, trading around the $67,925 level and hitting an intraday low of $67,786. This recent decline of 2.5% has sparked concerns about a potential bigger sell-off. The drop can be linked to the robust May employment report from the US, which showed 272,000 jobs added, dampening...
During the late US session, Bitcoin (BTC/USD) is trading near $67,250 as the market braces for a series of major economic events from the Unites States economy. At 12:30, the U.S. will release its Core Consumer Price Index (CPI) month-on-month data, expected to remain steady at 0.3%. Simultaneously, the overall CPI is anticipated to show...
Bitcoin futures have witnessed a surge in net short interest, primarily attributed to the growing popularity of a market-neutral strategy known as the basis trade. Basis trade, which aims to capitalize on discrepancies between spot and futures markets, likely accounts for a significant portion of the short interest in approximately 18,000 CME Bitcoin futures contracts....
Toronto-based digital asset company DeFi Technologies is set to launch a validator node on Core Chain and stake nearly $100 million in Bitcoin (BTC). Through its subsidiary Valour, DeFi Technologies will not only validate transactions but also receive staking rewards for its participation, the firm said in a Tuesday press release. The staking process will...
Brazil-based Itaú Unibanco, one of the largest private banks in Latin America, has announced expanding its Bitcoin and Ether trading services to all customers. The bank with over 60 million customers, started offering to buy and sell cryptos through its investment platform – ‘Ion’ – in December 2023. Initially, the bank offered the services to...
Bitcoin (BTC) is currently trading around $67,850 and hitting an intraday low of $66,123. The strength of the US dollar, which has increased due to strong economic data, is a major factor in this bearish trend. Investors are reducing their expectations for an imminent Federal Reserve interest rate cut in September, bolstered by a strong...
Bitcoin (BTC/USD) is currently trading at $69,615, with analysts closely watching the upcoming release of the US Core Inflation Rate. This economic indicator is pivotal for shaping market expectations and could significantly influence Bitcoin’s trajectory. Investors are keen to understand how the inflation data will impact Federal Reserve policies, which in turn will affect the...
The UK’s National Health Service chief, Amanda Pritchard, raised concerns Wednesday about the rising number of young men seeking treatment for addiction to Bitcoin trading. She has urged action to regulate crypto platforms to prevent further harm. Pritchard laid out her concerns about crypto markets during a speech on June 12. Unregulated crypto platforms, she...
Bitcoin mining stocks experienced significant gains on Wednesday, following a promise by United States presidential candidate Donald Trump to boost mining operations within the country. In a post on June 12, Trump expressed his desire for all remaining Bitcoin to be produced in the United States, emphasizing the potential for the country to become energy...