Bitcoin ETF applications are facing a pivotal moment, with the U.S. Securities and Exchange Commission (SEC) slated to respond to several key filings right before the upcoming Labor Day weekend.
In the intricate realm of cryptocurrency, Bitcoin stands at the forefront of strategic discussions, underscored by its formidable $5 billion trading volume that has adroitly positioned the asset back in the positive domain.
Investment firm Ark Invest and blockchain security firm Glassnode have revealed a conceptual framework for understanding the Bitcoin (BTC) economy amid the ongoing bear market.
In recent developments, Bitcoin bulls have propelled the cryptocurrency past the $26,000 threshold, inciting debates about whether now is the opportune moment to invest.
The Bitcoin mining difficulty, a measure of how difficult it is to mine a block, just hit a new all-time high at 55.62 trillion hashes, as per CoinWarz.
Speaking at an annual conference of central bankers at Jackson Hole, the Chairman of the US Federal Reserve Jerome Powell left the door open to the possibility of further interest rate hikes in the US, triggering some short-lived sell pressure in the crypto market.
A new Bitcoin holder has recently entered the spotlight, accumulating 118,300 Bitcoin valued at approximately $3.1 billion based on current market evaluations. Data provided by BitInfoCharts reveals this undisclosed BTC wallet now ranks as the third-largest holder of Bitcoin. It follows closely behind the cold wallets managed by renowned exchanges Binance and Bitfinex.
In the rapidly evolving landscape of cryptocurrency, Bitcoin has experienced a notable 10% decline, prompting a surge of interest and speculation. The current trading price of Bitcoin stands at $26,200, reflecting a marginal decrease.
The US Federal Bureau of Investigations (FBI) alerted crypto firms on Tuesday, that North Korean hackers may soon attempt to cash out stolen Bitcoin worth over $40 million.
Marathon Digital CEO Fred Thiel remains positive over the potential approval of a spot Bitcoin (BTC) Exchange Traded Fund (ETF) in the United States by the Securities and Exchange Commission (SEC).