First US Bitcoin ETF Approaches Futures Contract Limit Days After Launch
The ProShares Bitcoin Strategy ETF (ticker BITO) is proving more popular than it can handle. The fund is already nearing its limit on the number of futures contracts that the…
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Houston Firefighter’s Pension Fund Bought $25M Worth of Bitcoin and Ethereum
The Houston Firefighters Relief and Retirement Fund (HFRRF) has hopped on the cryptocurrency bandwagon by making a $25 million investment in BTC and ETH. The allocation became possible through a…
Mt. Gox Creditors Could Receive Billions in BTC as Latest Rehabilitation Plan Gets Approval
The trustee responsible for handling the Mt. Gox hack and the victims’ claims has updated that the rehabilitation plan was approved by the majority of creditors. Consequently, the creditors could…
I Feel Underinvested in Bitcoin: PayPal Co-Founder Peter Thiel Says
The German-American billionaire entrepreneur – Peter Thiel – praised bitcoin’s recent surge to an all-time high price. According to him, this rise shows that the major financial institutions are struggling…
7x April’s ATH: Bitcoin Transactional Volume Reaches $700 Billion in a Week
There’s been plenty of comaparisons of Bitcoin’s price action now and in April when the cryptocurrency reached its previous all-time high. Research firm IntoTheBlock now points out a staggering difference in Bitcoin’s…
Bitcoin Price Analysis: Caution – Is the BTC Breakout to All Time Highs Confirmed?
Bitcoin managed to complete a daily close above the previous all-time high at $64.8K at $66K. This is an early bullish signal, but it’s not enough to fully confirm the…
Bitcoin Price Flash Crashed 87% to $8200 on Binance US
After yesterday’s new all-time high at $67,000, bitcoin corrected today with a steep decline to below $64,000. On some exchanges, though, the crash was significantly more violent as BTC dropped…
JPMorgan: Inflation Hedge Narrative Propelled Bitcoin’s Price to ATH
Strategists at the financial institution JPMorgan Chase & Co. argued that the reason behind BTC’s all-time high price is not the launch of the ProShares Bitcoin Strategy ETF. Instead, concerns…
Spot and Futures-Backed Bitcoin ETF: What’s the Difference?
On October 19th, 2021, the United States Securities and Exchange Commission (SEC) approved the first futures-backed Bitcoin exchange-traded fund (ETF). An SEC-approved ETF is something that the cryptocurrency community has…
Crypto Market Cap Tops $2.6T: Solana Explodes 20% and ETH Up 8% (Market Watch)
The six-month waiting is over as bitcoin managed to break the previous all-time high and set a new one at $67,000 yesterday. While the asset has lost some ground since…
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