Bitcoin. Filip Radwanski | Sopa Images | Lightrocket | Getty Images The price of bitcoin briefly exceeded $35,000, marking its highest level since May 2022. This surge was driven by positive sentiment regarding a bitcoin exchange-traded fund and a flight to safety that resulted in a spike in short liquidations. According to Coin Metrics, bitcoin …
Cryptocurrencies experienced a brief surge at the beginning of the week as investors speculated on the possibility of a bitcoin ETF being approved in the near future. On Monday morning, bitcoin saw a sudden spike above $30,000 based on an unverified report claiming that the iShares spot bitcoin ETF had received formal approval from the …
FTX’s multibillion-dollar cryptocurrency blowup may have shaken the industry, but in a new documentary set to premiere on Monday, FTX customers, insiders, and investors express their continued optimism and willingness to invest. Despite losing $2 million in the collapse of FTX, app developer, entrepreneur, and angel investor Evan Luthra remains confident in the industry and …
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images Coinbase CEO Brian Armstrong is unhappy with JPMorgan Chase’s decision to block crypto-related transactions at its U.K. digital banking subsidiary, Chase UK. Chase UK earlier …
Jakub Porzycki | Nurphoto | Getty Images An Upward Reversal in Bitcoin: FTX Liquidation Fears Subside The price of bitcoin bounced on Tuesday, erasing the losses from the previous day that were driven by fears surrounding FTX liquidations. Bitcoin is currently up by 4.5% at $26,185.72, according to Coin Metrics. On Monday, it dropped below …
Jaap Arriens | NurPhoto | Getty Images The price of bitcoin surged on Tuesday after the U.S. Court of Appeals for the DC Circuit ruled in favor of crypto investment giant Grayscale, stating that the SEC’s denial of permission to convert its bitcoin trust into an ETF was incorrect. According to Coin Metrics, Bitcoin jumped …
Chris Ratcliffe | Bloomberg | Getty Images The trading volume of Bitcoin has reached its lowest point in the past four years, suggesting that investors are waiting for a compelling reason to re-enter the market. An analysis of CryptoQuant data reveals that both spot and derivatives exchanges have experienced a decline in the total volume …
A stunning assortment of bitcoin, litecoin, and ethereum tokens. Chris Ratcliffe | Bloomberg | Getty Images Cryptocurrencies experienced a surge in value on Wednesday as investors grappled with the market’s summer lull and eagerly anticipated the Federal Reserve’s annual meeting in Jackson Hole, Wyoming, on Friday. Bitcoin saw a rise of over 2% and reached …
Andriy Onufriyenko | Moment | Getty Images Bitcoin experienced a significant decline on Thursday evening, with its value dropping by as much as 9% to a little over $26,000. According to Coin Metrics data, the cryptocurrency’s most recent trading price stands at $26,593.68, representing a decline of over 8%. This decline in bitcoin’s value occurred …
Cryptocurrencies faced downward pressure on Thursday as investors grappled with renewed concerns about the U.S. economy. According to Coin Metrics, Bitcoin’s price dipped around 4% to $27,901.60 following the release of the minutes from the Federal Reserve’s July policy meeting. The minutes highlighted potential “upside risks” to inflation, which could result in more interest rate …