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Investment firm ARK is selling Grayscale Bitcoin Trust (GBTC) shares amid a market surge fueled by anticipation of a spot BTC exchange-traded fund (ETF).On Oct. 23, ARK — headed by pro-Bitcoin (BTC) investment veteran Cathie Wood — sold 100,739 GBTC shares ($2.5 million) from ARK Next Generation Internet ETF (ARKW), according
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Bitcoin (BTC) has established strong support between $25,000 and $30,000. Take a look at the next key resistance. The price of Bitcoin has been steadily rising since October 13, following its inability to break the support level of around $26,000. Since then, it has continued to climb, reaching $35,000 earlier today,
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Matrixport says BTC price may even hit the $56,000 mark by the end of the year. Earlier in the year, crypto financial services company Matrixport had predicted that the $45,000 mark would be the maximum limit to BTC price surge in 2023. However, the firm is now revisiting the old prediction
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The breakout above the $31,800 resistance level coincided with a drop in open interest, a metric that assesses the notional value of all derivatives positions, across crypto exchanges, according to Coinalyze data. The decline, which reflects retail investor interest, contrasts with open interest on the Chicago Mercantile Exchange (CME), a
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Bitcoin (BTC) marched to 17-month highs on Oct. 24 as exchange-traded fund (ETF) excitement boosted already bullish BTC price action.BTC/USD 1-day chart. Source: TradingViewBitcoin ETF data listing hints at "time to shine"Data from Cryptox Markets Pro and TradingView showed BTC/USD hitting $35,198 on Bitstamp before consolidating.This represented 17% gains since
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“Bitcoin has also been encouraged by possible ETF approval and an increasing number of ETF submissions by leading companies,” shared Lucy Hu, senior trader at Metalpha, in a message last week. “(With the) Bitcoin ETF approval and halving event in April, the crypto market could kickstart a very robust bull
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“Bitcoin has been the recipient of most of these positive catalysts, and BTC dominance is now the highest it has been since early 2021, with the bellwether digital asset grabbing market share from ETH and stablecoins,” added David Lo, Bybit’s head of financial products in a Telegram message. “However, there
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Bitcoin (BTC) ATMs have become both a convenience and a concern, with scammers exploiting unsuspecting victims. Authorities in the U.S. and other jurisdictions are now waging war against crypto ATM-based scams. California takes a stand with new crypto laws California has introduced rules for cryptocurrency transactions. Senate Bill 401, signed by
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Bitcoin (BTC) price pushed above the $31,000 mark on Oct. 23, notching a near 4-month high last seen when BTC price traded at $31,800. The fresh upside push comes as analysts and investors express their excitement over new developments which could point to the impending launch of a spot Bitcoin ETF.
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The ball now returns to the SEC's court, where the agency could choose to approve Grayscale's application or perhaps reject it on other grounds. The SEC is also in the process of making decisions on numerous other spot bitcoin ETF applications, including those from asset management giants BlackRock, Fidelity and
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