Traditional banking giants Bank of America and Wells Fargo are offering eligible wealth management clients access to spot Bitcoin exchange-traded funds (ETFs). The ETFs have been available to clients for several weeks, a source familiar with Bank of America’s plans told Reuters. The move follows the Securities and Exchange Commission’s (SEC) approval of these investment vehicles...
Amid a volatile market landscape, the quest for accurate Bitcoin price predictions becomes increasingly pertinent as Bitcoin (BTC/USD) experiences a notable downturn. Despite the current fluctuations, Bitcoin, the cryptocurrency market’s bellwether, reveals resilience and underlying momentum. As of March 01, it boasts a valuation of $62,840, evidencing a slight uptick of around 1% within a...
As Bitcoin (BTC/USD) hovers above the $62,000 mark, showing a 1.50% increase on Saturday, the cryptocurrency landscape is abuzz with anticipation. This pivotal moment makes 99% of Bitcoin addresses profitable, sparking a debate on the future trajectory of this digital asset. Analysts, including the renowned PlanB, suggest we are on the cusp of a bull...
On Sunday, Bitcoin is trading at $62,000 with a slight decrease of 0.10%. The focus intensifies on Bitcoin price predictions amidst a backdrop of regulatory changes and market developments. From the UK’s enhanced crypto oversight to Nigeria’s clarification on Binance fines and Marathon Digital’s launch of the Anduro platform, these factors collectively shape the future...
Bitcoin is witnessing a significant movement, with exchanges experiencing a near-record outflow of over $2 billion. According to a post by James Van Straten on X (formerly known as Twitter), the statistics from the on-chain analytics firm Glassnode showed that the Bitcoin market saw a notable exodus on March 1, with exchanges seeing around $2.3...
Technical indicators reveal a mixed sentiment. The Relative Strength Index (RSI) stands at 73, indicating that Bitcoin may be entering overbought territory. The MACD’s value at -94 versus a signal of 1058 suggests a nuanced market dynamic, possibly hinting at upcoming momentum shifts. Notably, Bitcoin’s break above the ascending triangle pattern at the $63,250 level,...
The newly listed BlackRock iShares Bitcoin ETF trading under the ticker symbol “IBIT” has overtaken the iShares Silver Trust reaching $10 billion in assets under management (AUM). The rising interest in Bitcoin has pushed the iShares Silver Trust launched in April 2006 trading under the ticker symbol “SLV” lower down the leaderboard. The silver trust...
Indian shares traded sharply higher on Friday after the Federal Reserve\'s preferred inflation gauge met consensus forecasts, helping ease concerns surrounding interest-rate cuts. Strong Q3 GDP data also boosted investor sentiment. The benchmark S&P BSE Sensex was up 675 points, or 0.9 percent, at 73,175 in early trade while the broader NSE Nifty index was...
Falconer, New York-based MF Meats is recalling around 93,277 pounds of raw meat products citing potential contamination with a non-food grade substance, the U.S. Department of Agriculture\'s Food Safety and Inspection Service or FSIS announced. The affected products may have been contaminated with non-food grade mineral seal oil, which is not approved for use in...
On February 29, Hong Kong’s Securities and Futures Commission (SFC) closed its crypto licensing portal, setting a May 31 deadline for non-compliant exchanges to cease operations. Exchanges that missed the deadline must shut down by May 31, according to a pop-up message on the Hong Kong SFC website. 22 Crypto Exchanges Applied For Hong Kong...