Speculation is increasing that U.S. regulators may approve a spot bitcoin ETF, leading to a surge in bullish sentiment in the crypto markets and possible inflow of $100 billion in capital, although it remains unclear how well investors understand the intricacies of Bitcoin's governance and technical workings.
The recent decline in Ripple's price raises questions about its future direction, with mixed indicators suggesting a potential continuation of the bearish trend but also a possibility of stabilization or rebound if significant support levels hold.
A groundbreaking use of blockchain technology has emerged as a person uses it to serve legal notice of a lawsuit to an unknown individual, with hopes of seizing the funds in their Bitcoin wallet as part of a default judgment.
Bitcoin is experiencing renewed excitement as brokerages and exchanges begin to list ETFs in anticipation of SEC approval, leading to increased trading volumes and potential price surges.
The Shiba Inu (SHIB) price has recently experienced a bounce at a previous resistance level, indicating a potential bullish trend, but if the price closes below a certain support level, it could invalidate the bounce and result in a price decrease.
Ethereum's price surged near its 2023 highs after news of a Bitcoin ETF approval, but the SEC clarified that the announcement was false, leading to a price decrease in Bitcoin; on-chain data shows a whale borrowing $11 million worth of BTC and swapping it for ETH, indicating a shift in funds from Bitcoin to Ethereum; analysts suggest that an ETH ETF could further boost Ethereum's price; the Bitcoin Dominance Rate (BTCD) is showing bearish signs, indicating a possible altseason.
The imminent approval of spot bitcoin ETFs has garnered much attention, but there are other opportunities to find value in the digital asset ecosystem, such as liquid staking derivative tokens, DeFi 2.0 protocols, Money Market protocols, and Decentralized Physical Infrastructure Networks. Looking at developer activity and token inventory turnover can also provide insights, with ETH volume migrating to L2 chains and platforms like Avalanche, Arbitrum, and Optimism showing strong growth potential. Regardless of the chosen thesis, patience and a long-term approach are key to outperforming in the market.
Major stock market indexes started off with some hesitation, but the Dow Jones Industrial Average, S&P 500, and Nasdaq managed to gain some ground, with the Nasdaq holding above a key level.
The potential approval of bitcoin ETFs could lead to a demand boom and push the price of bitcoin to as high as $500,000 in the next five years, according to Fundstrat's Tom Lee.
The Dow Jones Industrial Average rose despite a downgrade for Goldman Sachs, while Wall Street awaited inflation data and earnings from big banks; Coinbase, however, saw a decline as bitcoin prices dropped.
Bitcoin user memorializes the hype around the imminent approval of bitcoin spot exchange-traded funds (ETF) in the U.S. with a transaction and encoded message on the blockchain.
Stephen Harrison, the man who posed as the chief executive of the collapsed cryptocurrency scheme HyperVerse, has revealed that he was paid to act as the CEO and received a sum of money and a free suit as payment, expressing remorse for those who lost money in the scheme.
Jump, a trading firm associated with the crypto industry, has declined to be involved in the emerging Bitcoin ETF industry and is retreating from the crypto space, following a tumultuous period including its involvement with Terraform Labs and a massive hack of its crypto project Wormhole.
BlackRock and ARK 21Shares have reduced the fees for their proposed ETFs as they join other contenders in anticipation of the approval of a spot bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC).
The crypto industry eagerly awaits the approval of the first spot Bitcoin exchange-traded fund (ETF) in the United States, with the US Securities and Exchange Commission (SEC) facing the final deadline today, while the recent hacking of the SEC's Twitter account and the subsequent manipulation and liquidation of BTC positions demonstrate the risks associated with market volatility and security lapses.
Twitter has denied responsibility for a fraudulent tweet sent by the U.S. Securities and Exchange Commission's account, stating that the account was compromised due to an individual obtaining control over a phone number associated with the account through a third party, and highlighting the lack of two-factor authentication as a security measure. The SEC confirmed unauthorized access to its account and terminated the responsible party, while Twitter users speculated that the attacker may have engaged in SIM jacking or that an SEC employee fell victim to social engineering.
Ether (ETH) and native tokens of Ethereum-based applications rose in the past 24 hours as traders anticipate the possibility of an ether exchange-traded fund (ETF) following the expected approval of a bitcoin ETF in the US.
Nearly 90% of bitcoin supply being held is in profit as prices climbed past $46,000, indicating anticipation of a U.S. spot ETF approval, although analysts warn of a potential sharp price decline.
Traders are turning to put options and selling call options on the Bitcoin market to protect themselves from potential price declines, possibly in anticipation of a drop following the SEC approval of spot Bitcoin ETFs.
MicroStrategy Inc has recorded over $840 million in unrealized gains from its Bitcoin investment, with a significant portion coming from a single day's trading.
PayPal's dollar-backed stablecoin PYUSD is gaining traction in decentralized finance (DeFi), with a new liquidity pool on the Curve platform reaching $135 million in total value locked (TVL), allowing traders to swap FRAX for PYUSD and use it on the PayPal app for purchases and remittances.
The Securities and Exchange Commission's official Twitter account was compromised, leading to a false announcement of Bitcoin ETF approvals which triggered a temporary increase in the price of Bitcoin, highlighting the vulnerability of social media accounts to crypto scams.
The Securities and Exchange Commission (SEC) did not have adequate security measures in place on its Twitter account when it was hacked to spread false bitcoin ETF news, according to the social media company X.
The Securities and Exchange Commission disavows a post claiming approval of the first Bitcoin exchange-traded funds due to a compromised account.
Crypto strategist Pentoshi predicts that Solana (SOL) could experience a dip of over 40% and reach around $70 in the coming months, while other analysts also foresee a correction for SOL.
Owners of the Solana Saga smartphone have received multiple token airdrops, including one from Samoyedcoin (SAMO) that caused the token's price to spike by 24% in the last 24 hours.
The official Twitter account of the US Securities and Exchange Commission (SEC) was compromised, resulting in the publication of an unauthorized post regarding the regulatory status of Bitcoin ETFs, which briefly caused a spike in Bitcoin's value before crashing; US senator Bill Hagerty called for an investigation into the incident, and this is the second high-profile compromise of a Twitter account in recent days.
CME bitcoin futures open interest reaches a record-high of $6.2 billion as institutions anticipate a spot bitcoin ETF approval, but experts predict the trend will reverse and trigger selling pressure if the ETFs get approved.
The CEO of VanEck, Jan van Eck, believes that the approval of spot Bitcoin ETFs will happen on Wednesday, with the possibility of his firm's Bitcoin ETF trading on Thursday, and predicts that the approval of ETFs will benefit the market as a whole.
Bitcoin (BTC), Stacks (STX), Cardano (ADA), MXC (MXC), Litecoin (LTC), VeThor Token (VTHO), and HEX (HEX) are among the top trending cryptocurrencies in the past 24 hours, with Bitcoin's potential approval for a spot Bitcoin ETF and Stacks' resilience being key factors.
A spot Bitcoin ETF approval is now predicted to cause a surge in Bitcoin's price rather than a sell-off, as last week's dip has strengthened the market's ability to handle profit realization.
Controversial proposal to add data-size limits to Bitcoin transactions, making it harder to mint NFTs and tokens, has been abruptly terminated without action, leading to claims of censorship.
Dogecoin's price spiked 9% before plummeting after a false rumor about the death of its mascot circulated on social media, causing outrage among crypto observers and leading to high liquidations of leveraged positions.
Samson Mow, the CEO of JAN3, predicts that Bitcoin's value could surge to $1 million in a short period of time, causing disruption to economic systems, including Bitcoin adoption plans and the effectiveness of the Lightning Network, while also impacting entities like MicroStrategy and countries like El Salvador. This sudden rise would also have psychological effects on Bitcoin skeptics and gold advocates. Mow's forecast highlights the inherent unpredictability and disruptive potential of Bitcoin.
The Xai gaming network has conducted a major token airdrop of its XAI token to eligible users, with a total value of nearly $70 million, as the XAI token experienced volatility in its price shortly after its debut on Tuesday morning.
Bitcoin ETFs could potentially see over $1 billion in inflows over the next three months and more than $100 billion by the end of the year if the U.S. Securities and Exchange Commission approves the products, according to analysts at Standard Chartered Bank.
Chainlink has formed partnerships with SingularityDAO and Redacted, leading to increased confidence in its long-term potential, while the recent acquisition of over 1.2 million LINK tokens by a whale suggests a potential price surge.
Bitcoin ETFs have been trading around the world for years, and while they have seen mixed performance, they have injected life into markets and attracted investors in Brazil, Canada, and Chile, providing a glimpse of what U.S. investors can expect when a Bitcoin ETF is finally approved.
Ethereum's ether (ETH) has experienced a significant decline against bitcoin (BTC) as crypto investors focus on the potential approval of bitcoin ETFs in the U.S., with BTC dominance over the entire cryptocurrency market rising from 39% to 54% in the past 14 months.
Fox Corp., the parent company of Fox News, has partnered with blockchain project Polygon to create an open-source protocol called "Verify" that aims to authenticate media and combat deepfakes by establishing the origin and history of registered media.
Elon Musk's X (formerly Twitter) is set to launch peer-to-peer payments this year as part of its goal to become the "everything app" and unite user experiences into one interface.
The crypto market may be nearing the end of its rally, according to a popular analyst, but Bitcoin is expected to continue its long-term bullish trajectory.
El Salvador has gained $12.6 million in unrealized profits on its bitcoin investment, putting it back in the black after being in the red for two years, as the price of bitcoin surged by 75% since October.
Fox has partnered with Polygon Labs to release an open-source protocol called Verify, which uses blockchain technology to verify the authenticity of media content and protect intellectual property.
El Salvador's dollar-denominated sovereign bonds have experienced a significant rally, rising more than 200%, coinciding with the surge in Bitcoin's value, which has doubled in the same period, due to the anticipated approval of a Bitcoin Exchange-Traded Fund (ETF). The country's decision to adopt Bitcoin as legal tender and its investments in the cryptocurrency have resulted in profits and impressive financial performance, despite concerns from the IMF.
Polygon (MATIC) experienced a price bounce after announcing a new upgrade on transaction fee calculations, but still trades within a bearish pattern, with mixed indicators pointing to an undetermined trend. Analysts have a bullish outlook on the future price trend, predicting a 600% rally once the price breaks out from its long-term pattern. The daily time frame shows a potential breakdown, but yesterday's bounce created a bullish hammer candlestick, leaving the future price prediction uncertain.
Bitcoin remains above $46,500 as the race for a spot bitcoin exchange-traded fund (ETF) continues, with some analysts predicting a delay in approval by the U.S. Securities and Exchange Commission (SEC) while others believe the news has already been priced in. Two firms, BlackRock and VanEck, filed updated documents for their proposed bitcoin ETFs, while the discount on the Grayscale Bitcoin Trust narrowed ahead of its expected conversion to a spot bitcoin ETF.
Chicago-based blockchain firm Jurat is set to debut technology that will allow for legal enforcement actions to be filed directly on the blockchain, providing increased consumer safeguards and potentially unlocking greater adoption of cryptocurrency and blockchain technology.
Rodney Burton, also known as "Bitcoin Rodney," has been arrested and charged by US authorities for allegedly defrauding over $7 million through a fake investment scheme known as HyperVerse or Hyperfund. The scheme, which promised daily passive rewards, resulted in thousands of people losing money.
The SEC is expected to approve spot Bitcoin ETFs on Wednesday, and Valkyrie, a crypto native asset manager, hopes its digital asset experience will give it an edge in the market.