The latest surge in Bitcoin's value as it surpasses the $1 trillion crown mark could impact US spot for bitcoin ETFs on the crypto market.
BlackRock's spot bitcoin ETF (exchange traded funds) hit $1 billion in assets in the first four days of trading.
US bitcoin ETFs saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data.
U.S. stock index futures edged higher on Thursday ahead of a consumer inflation print that could test hopes of an early start to interest-rate cuts, while crypto stocks rose after regulatory approval for exchange-traded funds tracking Bitcoin. The benchmark S&P 500 has recovered nearly 17% from its October lows, gaining steam in December after the […]
In just a few years, blockchain, the technology that powers cryptocurrencies such as Bitcoin and Ethereum, has gone from irrelevancy to becoming a hot subject. Several national leaders have joined the blockchain ecosystem as they recognize its multifaceted applications. Agencies are starting to trial and test blockchain applications for payments, supply chains, identity management, secure data […]
Bitcoin, the groundbreaking cryptocurrency that introduced the world to blockchain technology, has witnessed tremendous growth and captured the attention of investors, technologists, and financial institutions. As it forges into the future, Bitcoin faces several challenges that may impact its widespread adoption and integration into the global financial system. In this article, what challenges lie ahead […]
During the last few years, cryptocurrencies have developed from digital wonders to trillion-dollar technologies with the possibility to disrupt the international financial system. Bitcoin like hundreds of other cryptocurrencies is increasingly kept as assets and employed as currencies to buy goods and services, such as digital real estate, software, and illegal drugs. To their supporters, […]
An Analysis of Bitcoin’s Resilience and its Future Outlook Bitcoin, the world’s first decentralized digital currency, has been on a rollercoaster ride since its inception. Its price has seen massive fluctuations, from a few cents to its all-time high of almost $65,000. While its volatility is well-known, Bitcoin’s resilience in the face of market crashes […]
Bullish bitcoin has been a surprise winner of the banking blowout. Yet investors aiming to amp up their bets face an ominous obstacle: a lack of liquidity that could trigger wild price swings. The price of the No.1 cryptocurrency has jumped 40% to around $27,700 since March 10, when the failure of Silicon Valley Bank […]
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