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Ethereum’s price continues to advance towards $4,000 despite market-wide liquidations and the U.S. SEC postponing a decision on Blackrock and Fidelity ETH ETF filings. Ethereum traders have doubled bullish positions despite a major setback to institutional participation on the pioneer smart contract network and intense market volatility recorded on Mar. 6. Market
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Chairman of the Commodity Futures Trading Commission Rostin Behnam again asks the U.S. Congress to take active action in crypto regulation. During his annual testimony before the House Agriculture Committee on March 6, Behnam pointed out the need to pass legislation regarding the jurisdiction of regulators in the crypto industry. Pointing to
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That a volatile asset like bitcoin hasn’t kept up with inflation (at least since the last ATH) is a bit of a red herring when considering how far it has come. A bitcoin in someone’s wallet today, for instance, would be worth $48,395.13 in 2008, when it was first launched
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CoinGecko pages were briefly unavailable on Mar. 6 as bullish sentiment engulfed crypto participants following Bitcoin’s dash to an all-time high the previous day. Some CoinGecko users reported a temporary downtime on the cryptocurrency data and analytics platform as markets recovered from a dip that triggered north of $1 billion in
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Digital Currency Group (DCG) has submitted a request to the court to drop the legal action taken against it by New York Attorney General Letitia James. DCG argues that it’s “wrongfully” depicted and maintains that the lawsuit is nothing but a “thin web of baseless innuendo.” DCG Challenges NYAG’s Legal
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UNI advanced over 20% in the past 24 hours, hitting $17 for the first time since Jan. 2022 before slightly retreating to $15.7. The token outperformed bitcoin's (BTC) 3% recovery after yesterday's plunge and the broad-market, altcoin-heavy CryptoX 20 Index's (CD20) 1% decline during the same period. Source
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In the dynamic landscape of cryptocurrency, where innovation drives market trends and investors seek the next big opportunity, predictions about the direction of the market hold significant weight. As anticipation builds for the anticipated 2024 bull run, a groundbreaking forecast has emerged from the realm of artificial intelligence: Cogwise AI
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Bitcoin ETF investors parked a record amount of money into BlackRock’s fund on the day crypto’s leading token achieved a new all-time high before retracing up to 10%. BlackRock’s iShares Bitcoin ETF (IBIT) received $788 million in net inflows on Mar. 5, setting a new historical high for daily influx into
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Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has broken its record for the largest single-day bitcoin purchase since its launch. The world’s largest asset manager’s spot bitcoin ETF now holds 183,345 bitcoins. Blackrock Bought the Bitcoin Dip Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin
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IBIT added 12,600 bitcoin, breaking previous daily highs of around 10,000. Data from Nasdaq show that the fund recorded trading volumes of more than 107 million shares, or over $3.6 billion price-weighted, surpassing the previous record high of $3.3 billion from last week. Source
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