A recent influx of investor disclosures has Bitwise, one of the United States’ leading Bitcoin ETF providers, “incredibly bullish” on BTC. The Top Institutional Bitcoin ETF Owners In a recent memo, Bitwise CIO Matt Hougan reviewed some of the newly uncovered Bitcoin ETF buyers, who have revealed their allocations as part of mandatory 13F filings...
El Salvador, which became the first nation to use Bitcoin (BTC) as legal tender, could easily hold 5,750 Bitcoins, per “Bitcoin Office” report. The national Bitcoin Office is a government entity aimed at managing all projects related to the cryptocurrency. Per a Reuters report, the nation mined nearly 474 Bitcoins since 2021 using geothermal power...
On Wednesday, Bitcoin traded at $61,949, up 0.65%, as the Federal Reserve’s hawkish stance on interest rates impacted its price outlook. Concerns over inflation and higher interest rates have dampened investor sentiment toward cryptocurrencies. The recent US Producer Price Index (PPI) report, which met expectations, reinforced the anticipation of prolonged high interest rates. The upcoming...
Michael Novogratz, the founder of Galaxy Digital Holdings, a prominent digital-asset financial services firm, expects Bitcoin to remain in a relatively narrow trading range in the current quarter. During a conference call following the release of Galaxy Digital’s first-quarter results, Novogratz expressed his belief that the crypto market is currently in a consolidation phase. He...
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. Key takeaways: The Bitcoin price dropped following the fourth...
The Bitcoin (BTC) price surged more than 5% back to the $65,000 level on Wednesday in the wake of US CPI inflation data showing moderating price pressures in April. This supports bets that the Fed will be able to ease interest rates a few times before the end of 2024. Decent CPI reading – US...
El Salvador took a decisive step into tokenization on Tuesday, unveiling national investment opportunities based on Bitcoin infrastructure. El Salvador Bitcoin: Investing in Development The nation’s National Bitcoin Office launched its blockchain-based capital raise on the Liquid network. Bitcoin-based capital markets have officially launched in El Salvador, the first country to adopt Bitcoin. Well done...
Bitcoin’s price surged by 7.50% to $66,350 amid the latest U.S. inflation data release. The U.S. consumer price index (CPI) rose by 0.3% in April, down from 0.4% in March and February. This lower-than-expected increase suggests inflation is resuming its downward trend, bolstering financial market expectations for a potential interest rate cut by the Federal...
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 exchange-traded fund (ETF). In a recent interview with Barron’s, Ramji, who previously headed BlackRock’s global ETF business, said Vanguard is committed to consistency, adding that cryptocurrency-related investment products do not align...
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 Financial Times reported Thursday that the CME has been in talks with crypto traders about offering a regulated marketplace for buying and selling Bitcoin. Plans are...