BJ By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) is taking a breather near $94,000, having dropped to $92,000 in the past two days. The cryptocurrency chalked out a bullish breakout above key resistance early this week, shifting focus to the $100,000 level and leaving major altcoins like XRP, ETH, SOL, ADA and … Read more
The price of bitcoin (BTC) price has recovered to $94,000 since hitting lows under $75,000 early this month. The surge is characterized by crypto whales, large investors with substantial capital, snapping up coins from the market, in activity seen as confirming the rally. The renewed demand from whales is evident in Glassnode’s proprietary Accumulation Trend … Read more
U.S. spot bitcoin (BTC) ETFs have recorded approximately $2.8 billion in net inflows over the past five trading days, contributing to driving the price of bitcoin higher from around $85,000 to $94,000. The iShares Bitcoin Trust (IBIT) has accounted for $1.3 billion of these inflows alone. Michael Saylor, Chairman of the largest listed bitcoin holder … Read more
ARK Invest raised its decade-end bitcoin (BTC) price target to as high as $2.4 million apiece after revising its assumptions on active supply, which excludes lost or long-held coins. The largest cryptocurrency by market value was recently trading around $94,000. The bull-projection figure, 60% more than its January 2024 estimate, reflects a 72% compound annual … Read more
STX, the native token of Bitcoin layer-2 protocol Stacks, has surged 56% in seven days to become the week’s best-performing of the 100 biggest cryptocurrencies amid hopes for institutional adoption. The token hit a two-month high of 92 cents on Friday after gaining more than 21% in the past 24 hours to become the day’s … Read more
Arbitrum (ARB) was set to make a splash. The Layer 2 network, home to a growing number of decentralized AI platforms, was preparing to announce a milestone: it had been named Nvidia’s exclusive Ethereum partner for the chipmaker’s new Ignition AI Accelerator, an offshoot of its Inception program that supports promising AI startups with infrastructure … Read more
North Korean hackers posing as American tech entrepreneurs quietly registered companies in New York and New Mexico as part of a campaign to compromise developers in the crypto industry, security firm Silent Push said Thursday. Two businesses, Blocknovas and Softglide, were created using fictitious identities and addresses. The operation is tied to a subgroup within … Read more
Crypto majors were little changed over the past 24 hours as markets settled from a rally, and then profit-taking from earlier in the week. Bitcoin (BTC) traded above $93,000 in Asian morning hours Friday, with traders pointing to increased optimism of short-term gains. “With BTC holding firmly above $90K, sentiment is becoming increasingly optimistic,” QCP … Read more
The Federal Reserve has joined its fellow U.S. banking regulators in deleting its crypto guidance of previous years, including notices that banks should get pre-approvals before they get involved in crypto activity. Now, all three agencies — including the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. — have joined … Read more
U.S. Senator Dave McCormick, the former chief executive of massive hedge fund Bridgewater Associates, is putting his own cash into bitcoin (BTC) as the committee he’s on is at the tip of the spear for a legislative effort to regulate the digital assets industry. McCormick has made repeated recent investments in the Bitwise Bitcoin ETF … Read more
