What Has Changed Since Bitcoin Hit $60K Last Time?
Are you wondering about how the market has changed since Bitcoin last hit $60K in mid-April? We’re taking a look at historical market data to see what has changed in the last six months.
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Is Bitcoin Mania About To Return? PrimeXBT Research Retrospective on Bitcoin Price
The month of October is here – a make it or break it month for Bitcoin price. The leading cryptocurrency by market cap has reached a pivotal resistance level. Breaking above it, could mean a phase of full-blown Bitcoin FOMO and cryptocurrency mania.
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First-Ever US Bitcoin ETF Set to Debut on New York Stock Exchange on October 19
ProShares’ Bitcoin ETH will be the first exchange-traded fund in the United States. The soon-to-be-launched Bitcoin ETF will be traded under the ticker BITO. BITO will provide Bitcoin exposure to US-based investors that feel at ease buying stocks and ETFs but are not prepared to use cryptocurrency exchange to acquire digital assets.
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Top 3 Coins to Watch – Week 42
After another week of green numbers, the cryptocurrency market has climbed to a total valuation of $2.52 trillion. Most of the total market capitalization increase can be attributed to appreciation of the 3 largest cryptocurrencies – BTC, ETH and BNB, which gained 7%, 5% and 10% respectively last week. Bitcoin, which climbed as high as $62,500 during Week 41 is again in the centre of attention. However, the reason is not only its amazing price performance, but also the rumoured launch of a US Bitcoin futures-based ETF. We are very excited to see what Week 42 has to offer for the crypto investors and followers.
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Bitcoin Breaks $60,000 on Rumors of BTC ETF Being Approved by SEC
Bitcoin has just surpassed the psychological $60,000 level for the first time since April. In the eleven-year-long history of Bitcoin, the world’s largest crypto has spent only 7 days, or 0.18% of its total existance, above this monumental level.
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SEC Will Likely Allow Trading of First-Ever Bitcoin Futures ETF
In what could be a defining moment for the cryptocurrency industry, the Securities and Exchange Commission (SEC) will reportedly not block ProShares and Invesco Bitcoin exchange-traded funds (ETF) from trading that is scheduled to begin next week.
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Bitcoin Continues to Rally as Cryptocurrency Market Surpasses $2.4 Trillion
Bulls had the upper hand over the last 24 hours of trading activity in the cryptocurrency market. The total market capitalization has grown past $2.4 trillion, which is the highest value since mid-May. As such, it is not surprising that only 7 out of 100 largest cryptocurrencies by market cap are trading in the red zone. Here is a quick recap of today’s main market moves.
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Binance Smart Chain Growth Fund Launch Pulls BNB to 5-Week High, Bitcoin Drops to $55,000
Key takeaways: Bitcoin is trading in the red, while the majority of altcoins are up in the last 24 hours The altcoin surge is led by BNB, which has gained 15% since Binance announced a new $1 billion fund designed to boost DeFi After a two-week-long rally that saw the price of Bitcoin increase from…
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BitMEX CEO Predicts at Least 5 Countries Will Follow in Footsteps of El Salvador by Recognizing BTC as Legal Tender
Alex Hoeptner, CEO of cryptocurrency exchange BitMEX foresees at least five developing countries making the leap of adopting Bitcoin as legal tender by the end of next year. Hoeptner cites remittances, inflation, and politics as the three key factors for his prediction.
