SEC approves spot ETH ETFs: After months of speculation, the SEC formally approved the first spot ether ETFs on Thursday. The development sets the stage for institutional investors to pour billions into the space.
Grayscale CEO departs: Grayscale CEO Michael Sonnenshein announced Monday he was leaving his role after three years running the crypto...
BTC, ETH jump after inflation eases: The Consumer Price Index jumped 0.3% in April, ending three consecutive months of elevated inflation readings and lifting hopes of a rate cut later this year. Bitcoin and ether prices rallied 7.6% and 5.3% Wednesday.
Roaring Kitty returns, sending meme coin soaring: Vince Gill, the meme stock leader who rose to fame in...
FTX customers to get money back: Lawyers for bankrupt crypto exchange FTX said customers will receive the funds lost when FTX went bankrupt in November 2022, plus interest. The payout will likely take months and still requires approval from a bankruptcy judge.
Regulator cracks down on Robinhood: The SEC has issued a Wells Notice informing the crypto arm...
The cryptocurrency market has retreated under the shadow of renewed concerns about US stagflation.
Federal Reserve chair Jerome Powell left the benchmark federal interest rate at between 5.25% and 5.5% at the latest FOMC meeting Wednesday, citing sticky inflationary pressures and a lack of recent progress toward their 2% inflation target. However, Powell...
Bitcoin miners see rewards cut, Dorsey jumps in: Bitcoin miners collected more than $100 million in revenue for the halving on April 20, the highest total ever recorded in a single day. But now miners face a drop in mining rewards that could reshape the industry. And one familiar name is jumping in.
Speculators hopeful upcoming Fed meeting will leave rates...
Iran’s weekend attack on Israel prompts crypto selloff: Iran fired more than 300 missiles and drones at Israel over the weekend, heightening market fears that a wider conflict in the Middle East could break out. Crypto markets reacted initially with the price of BTC dropping from $67,800 to $61,300.
Fed chair sounds hawkish on rate cuts: Federal Reserve...
Bad news for investors hoping the Federal Reserve will cut interest rates aggressively: The CPI jumped 3.5% in March year-over-year, an increase from February's 3.2% YOY jump and above expectations of 3.4%. Bitcoin (BTC) initially dipped below $67,500 after the CPI release, before clawing back losses to end the day positive and appearing ready to retest the...
ETF outflows and government movement of crypto assets push price of BTC down: As we have seen in recent weeks, the price of BTC declined alongside increasing ETF outflows, as Cathie Wood’s ARK 21Shares Bitcoin (BTC) ETF experienced its first outflows, dropping from above $70K to a low of $64.5K on Tuesday. Further headwinds included the movement of 30,175 BTC...
LSE announces launch of new crypto ETNs as BTC ETFs reverse outflow trend: The London Stock Exchange announced this week that they plan to launch BTC and ETH ETNs by the end of May, signaling further ongoing interest in crypto-related products. Coupled with a reversal in BTC ETF outflows, these developments have helped to renew market optimism and push the...
BTC drops below $61K for the first time since the start of March: Investor confidence dwindled as the market saw the first consecutive negative outflow days for the Bitcoin ETFs this month, with Grayscale Bitcoin Trust (GBTC) experiencing its biggest outflow since launch of $642.5M on Monday, followed by another sizeable $443.5M outflow on Tuesday.
Fed...
BTC price hits new all-time high; surpassing silver’s market cap: Bitcoin (BTC) captured new all-time highs hitting $73.6K this week, making it the eighth largest asset by market capitalization globally. On March 12, spot BTC exchange-traded funds (ETFs) saw a record SEED_TVCODER77_ETHBTCDATA:1B of net inflows; with Blackrock’s IBIT taking in $849Mof...
BTC ATH breaks historical four-year halving cycle trend: Bitcoin (BTC) broke above the $69,000 mark this week, setting a new all time high of $69,324 on Tuesday morning. Despite common consensus of a post-halving bull run in the cards, like others that occurred in past four-year cycles, the market appears to be responding positively to the upcoming BTC...
BTC Surges to 2-Year High: The price of bitcoin (BTC) has soared past $59,000 after weeks of consolidation, setting the stage for a potential challenge of its record high of $69,000, driven by institutional demand, anticipation of the upcoming halving, and other catalysts, with MicroStrategy adding 3,000 BTC to its holdings.
ETH Surges, Outperforms Bitcoin...
Increase in demand for spot bitcoin ETFs pushes BTC price to its highest level since December 2021: A record $2.5B flowed into bitcoin (BTC) ETFs, with BlackRock's IBIT and Fidelity's FBTC attracting $1.6B and $648M over the past week respectively. These growing inflows suggest demand is heightening for spot-based ETFs, and if this trend continues, investors...
Bitcoin tops GETTEX:52K as ETF inflows build: Bitcoin ETF inflows accelerated this week, with close to $1.5B of inflows over the first three days of the week, and four of the ETFs (excluding Grayscale) now holding over SEED_TVCODER77_ETHBTCDATA:1B in AUM just one month after launching. Blackrock's iShares Bitcoin Trust (IBIT) leads the pack with over ...
Bitcoin crosses $47K as ETF inflows steadily outpace outflows: After remaining range bound between $42.5K-$43.5K for the past few weeks, bitcoin (BTC) jumped higher on Wednesday evening and once again broke through the $45K level for the first time since the launch of the spot bitcoin ETFs a month ago. On Friday, BTC rose past $47K. Continued demand for the...
Weekly Market Update - February 2nd 📨
Fed Votes to Hold Interest Rates Causing Stocks to Tumble
SEC Set to Approve Ethereum ETF by May
Record Breaking Trading Volumes for Solana Dex in Wake of LSE:JUP Airdrop
Ethereum ETF:
According to a new report by British multinational bank Standard Chartered, the U.S. Securities and Exchange Commission...
Bitcoin hangs above $40k as ETF-led rally fizzles: After peaking at FWB:49K immediately after the launch of the ETFs, the price of bitcoin (BTC) has since dropped over 20% in the two weeks following, reaching a low of ~$38.5k on Tuesday. BTC is now trading back at the levels seen at the start of December, retracing the rally experienced in the build up to the...
