Author: Maria

The long-awaited arrival of spot Bitcoin ETFs in January 2024 has proven to be a watershed moment for the cryptocurrency market. Industry figures like Lynn Martin, president of the New York Stock Exchange Group, are crediting these exchange-traded funds with a surge in liquidity and mainstream adoption of cryptocurrencies. NYSE Boss Highlights Success Of Bitcoin In an interview at Consensus 2024, Martin pointed to the “more than six years of conversations” with the SEC regarding Bitcoin ETFs. She went on to emphasize “‘the success of Bitcoin ETFs’ and the liquidity they’ve brought is ‘undeniable.’” This newfound liquidity is believed to…

Bitcoin has seen a notable price increase since the start of the year, largely thanks to 2024 ushering in the bull run for this market cycle. This surge in Bitcoin’s price has led to an impressive amount of Bitcoin millionaire wallets being created daily.  Almost 2,000 Bitcoin Millionaire Wallets Created Daily According to data from research firm Kaiko, just under 2,000 Bitcoin millionaire wallets are created daily. Interestingly, this figure is still way lower than the 2021 Bull run when over 4,000 wallets hit the million-dollar mark daily, according to Kaiko. The research firm also claimed over 2,000 wallets reached…

Nansen, a blockchain analytics firm, is strongly convinced that one Ethereum addressing controlling a whopping 173,700 ETH worth over $650 million at spot rates belongs to the DBS Bank, the largest bank in Singapore. Is The DBS Bank One Of The Largest Ethereum Whales? Taking to X, the blockchain analytics platform picked out an address “0x9e927…fb8e” as that belonging to the financial institution, sparking interest and excitement. Looking at Etherscan, the address is one of the largest, placing it among the top 40 largest holders of the world’s second most valuable cryptocurrency. Address is one of the largest holders of…

In the rapidly shifting landscape of cryptocurrency, crypto analyst Mags has made a compelling prediction for Bitcoin (BTC), noting that the crypto asset is gearing up for a major breakout on the upside.  This upcoming spike forecasted by Mags could propel BTC to unprecedented heights and result in substantial gains. His prognosis shed light on market circumstances and technical patterns that support this bullish breakout. Bitcoin Price Poised For Massive Breakout The price of Bitcoin, the largest cryptocurrency asset, is consolidating below $68,000 and has reached an intraday low of $67,147. However, Mags is confident that the digital asset could…

Crypto analyst Cryptorphic has predicted that Bitcoin could rise as high as $156,000 in this market cycle. The analyst alluded to historical trends to prove why the flagship crypto could easily attain such a price target. Bitcoin To Hit $156,000 By May 2025 Cryptorphic mentioned in an X (formerly Twitter) post that “Bitcoin could hit $156,000 by May 27, 2025!.” To back up his prediction, he highlighted the flagship crypto’s price action after previous halvings and noted that there has never been a “red year” after these historical events. Instead, BTC is known to have made significant price increases a…

Renowned Chief economist and Bitcoin skeptic, Peter Schiff is making headlines again with his latest controversial statement mocking BTC. In an X (formerly Twitter) post laden with sarcasm, Schiff suggested a radical scenario where everyone becomes rich after companies in the United States sell off their entire assets to invest in BTC.  Schiff Says Sell Everything, Buy Bitcoin In his scathing X post, Schiff described a hypothetical scenario where all the publicly traded companies in the US completely shut down their operations, fire all their employees and sell off 100% of their assets. He went further to suggest that these…

The digital gold rush is on, and this time, Wall Street’s titans are leading the charge. A recent surge in holdings by Spot Bitcoin Exchange-Traded Funds (ETFs) indicates a rising tide of institutional investment in the leading cryptocurrency. This influx of big money could propel Bitcoin prices to new heights, but not without a few wrinkles. BlackRock, Grayscale Lead The Institutional Charge The rise of Spot Bitcoin ETFs wouldn’t be possible without the heavyweights of the financial world throwing their weight behind it. Asset management giants like BlackRock, Grayscale, and Fidelity Investments have been instrumental in driving this trend. According…

The crypto market is buzzing with the recent approvals of Ethereum ETFs, stirring discussions and speculations among investors and analysts alike. Since the approval of the spot Ethereum ETF last week, Ethereum has only recorded a surge to as high as $3,959 so far, before now retracting to a current trading price of $3,757. Although reaching the $3,900 mark represents a significant increase, it falls short of the dramatic surge anticipated by many following the US SEC’s approval of the spot ETFs. Is Spot Ethereum ETF Approval Priced In? According to a recent report, experts are divided on whether the…

Well-known cryptocurrency analyst and trader Crypto Jelle has offered insights on the price action of Bitcoin, the largest digital asset, pointing out the formation of a strong bullish flag, despite a wave of massive BTC transfers, particularly from the now-defunct Tokyo-based crypto platform Mt Gox. Bitcoin Price Action Remains Firm Despite Mt Gox BTC Transfers On Monday, the bankrupt Bitcoin Tokyo-based exchange Mt Gox carried out a series of significant BTC transfers to an unidentified wallet address. This marks the first on-chain movement of funds from the exchange in more than five years, and it has effectively rattled the coin’s…

Argentina’s tango with Bitcoin has hit a sour note. Recent talks with El Salvador, the world’s first Bitcoin nation, ignited speculation of Argentina following suit. However, experts are urging caution, differentiating between friendly discussions and full-fledged “Bitcoinization.” Milei’s Mandate Fuels Crypto Curiosity The election of Bitcoin enthusiast Javier Milei as president in late 2023 sent shivers down the spine of Argentina’s traditionally cautious financial sector. Predictions of an imminent Bitcoin bonanza filled the air. The government did inch closer to crypto, allowing BTC payments in specific contracts. But these baby steps were far from a national embrace of the digital…