As global events and tech advancements shape the crypto world, Bitcoin price stands resilient. Trading at $28,247 with a 0.84% decline on Thursday, its price rose 6% amidst US calls for action against Hamas' crypto use following Israel's strike.
Bitfinex Chief Technology Officer (CTO) Paolo Ardoino has stated that drivechains in the Bitcoin network could be the “game changer” amid the ongoing debate surrounding the Bip-300 proposal.
Bitcoin, the undisputed king of the cryptocurrency market, is once again at an inflection point. As the pioneer digital asset fast approaches the $29,000 level, traders and investors alike are keeping a keen eye on critical price levels and market indicators to gauge the next possible move.
Today, Galaxy Digital's CEO Mike Novogratz shared insights on SquawkBox that signal a potential change in the SEC's stance on Bitcoin ETF approval. According to Novogratz, the SEC is showing signs of potentially approving a spot Bitcoin ETF by the year-end.
A recent report from data analytics firm CryptoQuant suggests that the approval of spot Bitcoin exchange-traded funds (ETFs) could push Bitcoin's market capitalization to grow by $900 billion, with the total crypto market expanding by an additional $1 trillion.
Bitcoin's price fluctuating journey continues as it trades just below the $28,500 mark, with a modest increase of less than 0.50% on Wednesday. Several noteworthy events have punctuated the cryptocurrency landscape.
Amidst the swirling speculations and ever-evolving crypto landscape, recent rumors of a potential Bitcoin ETF approval have ignited a fervor in the trading community.
The recent rally in the Bitcoin (BTC) market, which saw prices hit two-month highs near $30,000 on Monday following false reports that the US Securities and Exchange Commission had approved BlackRock’s spot Bitcoin ETF application, is “an example of the pent-up interest in crypto” opined BlackRock’s CEO Larry Fink in a Fox Business interview on Monday.
In an interview yesterday, Cardano and Ethereum co-founder Charles Hoskinson expressed concerns over Bitcoin's governance model and its limitations in development.
Renowned whistleblower Edward Snowden spoke at the 2023 Bitcoin Conference in Amsterdam last week, shedding light on several pressing issues surrounding Bitcoin.
In a rollercoaster week for Bitcoin, the premier cryptocurrency saw its price rise to $28,400, marking a 4.5% uptick on Tuesday. Several significant events influenced this trajectory.
Influential investor Cathie Wood, CEO of Ark Invest, said that the researchers at the US Securities and Exchange Commission (SEC) are “really good”, and it’s the agency’s Chair Gary Gensler who is standing on the way of spot Bitcoin exchange-traded funds (ETFs).
In an interview with Forbes on Sunday, El Salvador's Vice-President Ulloa credited the nation's recent economic resurgence to its adoption of Bitcoin as legal tender.