Author: Maria

Nashville-based asset manager Canary Capital filed an S-1 form for an exchange-traded fund (ETF) tied to HBAR, the native asset of the Hedera blockchain. The move comes weeks after Canary’s filed for an HBAR trust and adds to its growing repertoire of applications for spot ETFs connected to Litecoin, XRP, and Solana. Following the news, HBAR surged nearly 28%, according to CryptoSlate data. The token is currently the 48th largest crypto by market cap, with a fully diluted value of roughly $3.3 billion. The ETF Store CEO Nate Geraci had predicted that more crypto-related ETFs would be filed this week,…

The cryptocurrency market has witnessed a major evolution in recent years, with centralized exchanges and now recently spot Bitcoin exchange-traded funds (ETFs) playing a crucial role in driving adoption. Among the participants helping to boost crypto adoption, the two key players leading this charge are Binance, the world’s largest cryptocurrency exchange, and BlackRock, with its spot Bitcoin ETF known as IBIT, according to the latest insight shared by a CryptoQuant analyst. The analyst reveals their influence extends across trading volumes and institutional investment, making them central figures in the current Bitcoin market. Market Share And Institutional Presence The CryptoQuant analyst…

The unstoppable price run of Bitcoin, which started a day after the US presidential elections, is creating a ripple effect in the economy. There’s been a massive jump in value recently, with Bitcoin topping $89k earlier today, showing a 27% increase from the previous week. Then, there are record inflows into Bitcoin ETFs, pushing funds to break some records. This price action also reshaped the list of the world’s biggest assets through market capitalization. #Bitcoin flips Silver! Now the 8th largest asset by market cap.🚀 pic.twitter.com/RAPCJd5gd2 — MEXC (@MEXC_Official) November 12, 2024 Based on the updated list of top assets,…

Bitcoin is on a record-breaking run, reaching new all-time highs for three consecutive days following Donald Trump’s victory in the US election and a recent 25 basis point rate cut by the Federal Reserve. This combination of political and economic shifts has fueled a renewed wave of investor interest in BTC, driving prices into uncharted territory.  Top crypto analyst and investor Daan has shared an optimistic outlook, highlighting that BTC is now in price discovery mode with the potential for significant further upside to the $88,800 mark. As Bitcoin rallies to new highs, the current bull trend appears to be…

The Ethereum Foundation (EF) released its annual financial report earlier today, revealing substantial holdings and a commitment to transparency and long-term sustainability. Ethereum Foundation Holdings As of October 31, 2024, the EF disclosed that its treasury holds approximately $970.2 million, with $788.7 million in crypto assets and $181.5 million allocated to non-crypto investments and assets. Notably, nearly 99.45% of the EF’s crypto holdings are in Ethereum (ETH), representing 0.26% of the total circulating supply of ETH. In its report, the EF emphasized a conservative treasury management policy designed to weather market volatility and ensure the availability of resources during extended…

The crypto industry has been riddled with intense activity in the past few weeks, coinciding with a run before and after the US elections. Much of the activity has been centered on the Bitcoin price, although spilling over into other cryptocurrencies.  The Bitcoin price first broke above $70,000 in late October just as the US election campaigns drew to a close, which ultimately resulted in Donald Trump being elected as the next president in November. Interestingly, these events and their timelines were predicted on social media platform X by a popular crypto analyst. Particularly, these predictions were the first two…

The US presidential elections have come and gone, and the only thing left is the results. Interestingly, a snapshot of the Bitcoin price during the elections showed Bitcoin trading just above $70,000. This is a notable price to follow, as history shows this might be the price support for Bitcoin in the foreseeable future. Interestingly, this phenomenon goes back to the Bitcoin price levels in previous US elections. Why Bitcoin Price Might Never Dip Below $70,000 Again Bitcoin has largely been on an uptrend since Monday, when it kicked off a run after it rebounded to the upside from $67,000.…

Market analysts have continued to deliberate on how the Bitcoin price could react to a Donald Trump or Kamala Harris victory in the US presidential elections. History indicates that Bitcoin’s future trajectory is bullish, irrespective of who wins the elections.  How The Bitcoin Price Has Reacted To Previous Winners The Bitcoin price has always hit a new all-time high (ATH) regardless of the winners in the past US presidential elections. In 2012, after Barack Obama won the elections, Bitcoin rallied and reached a new ATH of $1,200 in 2013. Its price then consolidated until the next election in 2016.  Source:…

As Ethereum begins to show positive price action once again, the altcoin is seeing a wave of bullish predictions from multiple crypto experts about its trajectory in the short term, suggesting a potential rally in the upcoming weeks. A 63% Rally For Ethereum Could Be On The Horizon In an optimistic post, market expert and enthusiast, Javon Marks has expressed his confidence about a possible bullish breakout, pointing to a robust upside momentum in the near term. The expert points to several market indications and technical setups that show promising signals, with ETH overcoming recent resistance levels that could set…

Bitcoin (BTC) crashed below $69,000 on Sunday resulting in significant levels of market liquidations. Interestingly, analysts have also noted a correlation of this decline with a decrease in the winning odds of US Republican presidential candidate Donald Trump ahead of the general elections on November 5. Bitcoin Price Fall Induces $232.6 Million In Liquidations In the last few days, Bitcoin has witnessed some significant price re-correction following a prolonged price rally in October during which it gained by 20%. The price of the premier cryptocurrency initially dropped from above $73,000 on Friday finding support around the $69,000 region. Following a…