The iShares Bitcoin Trust ETF (IBIT) surpassed $23.3 billion in net asset value (NAV) in the third quarter, registering a 20% quarterly growth, according to a Nov. 7 to a 10-Q Form filing with the US Securities and Exchange Commission (SEC). BlackRock's Bitcoin (BTC) exchange-traded fund (ETF) holds 367,805 BTC, worth roughly $21.
The Federal Reserve slashed interest rates again on Thursday in a move that could boost Bitcoin—which is already in all-time high territory.
The move was somewhat expected by most experts.
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10x Research founder Markus Thielen joins CoinDesk with his bullish outlook on bitcoin, predicting that largest crypto by market cap will reach $100,000 by December or January as the industry expects SEC Gary Gensler to resign. Plus, insights on bitcoin's price movements after the election and the future for digital assets under a new administration.
Fed Chair Jerome Powell's speech later today could shake up markets as he will face questions about the central bank's outlook on monetary policy and inflation after Donald Trump's decisive win of the U.S. presidential election.
The Fed's rate cut may signal a shift towards more politically influenced monetary policy, impacting market dynamics and economic growth strategies. The post Fed cuts rates by 25 basis points, pushing Bitcoin to a new all-time high of $76.7K appeared first on Crypto Briefing.
A closely followed crypto analyst says Ethereum (ETH) may be gearing up for a massive breakout against Bitcoin (BTC). In a new strategy session, trader Michaël van de Poppe tells his 733,600 followers on the social media platform X the Ethereum/Bitcoin pair (ETH/BTC) is showing a bullish divergence on the daily chart.
Bitcoin just made a new all-time high, but ether is the real winner here.
By bridging Bitcoin Runes to Ethereum and ICP, Bitfinity Network brings unique DeFi capabilities to Bitcoin assets. Leveraging Chain-Key Technology, the integration emphasizes decentralized security, expands liquidity, and connects with Cosmos, offering a secure alternative to custodial Bitcoin models. The post Bitfinity Network Launches Cross-Chain Integration of Bitcoin Runes to Expand DeFi appeared first on Cryptonews.
Ethereum (ETH), one of the most established cryptocurrencies in the market, has witnessed an impressive rise in value over the past few years. With its decentralized network enabling smart contracts, decentralized finance (DeFi), and other innovative blockchain solutions, ETH has become a staple of the crypto ecosystem.
Crypto researcher Tom Wan believes that enabling staking for spot Ethereum exchange-traded funds (ETFs) could boost inflows and attract more investors to the digital assets products. The former 21Shares analyst shared this opinion on X (formerly Twitter), noting Ethereum ETFs have yet to live up to their true potential.
Bitcoin is in the spotlight following its recent notable surge to a new all-time high. Since hitting a new height, BTC has continued to display strong resilience for more upside movement, prompting investors' confidence about the crypto asset's potential to reach higher peaks in the upcoming days.
In November, L2s have been posting some 3x more transaction data each day to mainnet than they did in March.
The U.S. Federal Reserve has decided to implement a 25-basis-point rate cut following its two-day meeting.
MicroStrategy Inc (NASDAQ:MSTR) has made waves with its bold, billion-dollar bet on Bitcoin (CRYPTO: BTC). The company recently announced an aggressive acquisition plan, vowing to invest $42 billion into Bitcoin over the next three years.
Pepe Unchained ($PEPU) has stormed past the $25 million mark in its presale, riding high on Bitcoin's all-time high surge following Donald Trump's epic victory in securing a second, non-consecutive term in office.
The lawmaker's bullish statement comes in the wake of pro-crypto candidates sweeping most of the seats in the just-concluded polls.
The quest to bring “covenants” to Bitcoin — a mechanism that enables more sophisticated transaction types by controlling how coins can be spent in the future — has been an ongoing challenge. Recent research sheds light on how covenants may be achieved without the contentious and complex process of a soft fork.
Coinbase has just announced cbBTC, the very first Bitcoin-backed token on Solana. The newly minted SPL token is backed 1:1 by Bitcoin and held in Coinbase custody.
Tether reallocates $2 billion USDT to Ethereum, highlighting strategic liquidity moves and reaffirming its market dominance amid shifting blockchain demands.
JPMorgan Chase says the incoming Trump administration could boost both Bitcoin (BTC) and gold. In a note to clients, the US bank says that if Republicans gain control of the House in addition to the Senate, a weaker dollar is likely as stimulus is poured into the system, reports Barron's.
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Bitcoin (BTC) could see more upside before Donald Trump's inauguration on January 20, 2025, potentially hitting a new all-time high.
JPMorgan predicts Bitcoin and gold will benefit from Trump's victory due to the 'debasement trade' amid tariffs and tensions. The post JPMorgan says both Bitcoin and gold should benefit from Trump's victory appeared first on Crypto Briefing.
Ethereum experienced a strong start to November, triggered by a $500 million influx into the cryptocurrency market following Donald Trump's election win. The recent rise in Ethereum's price has led analysts to speculate about the start of a bull run.
In the latest X post, veteran trader Peter Brandt shared a trader's perspective on Solana and Ethereum. He noted that both are poised for upside breakouts to join Bitcoin; however, he specifically pointed out Solana and urged the users to notice SOL breaking out into new highs. $ETHUSD vs.
The previous cycle saw 319% gains in just over five months- if replicated, this would take BTC to $288k by April 2025.
Following Donald Trump's victory, the crypto market attention is now on the upcoming FOMC meeting, where the Federal Reserve is expected to announce a potential 0.25% rate cut potentially driving Bitcoin price to $100K.
The United States is soon to become the only big nation with a bitcoin national reserve following the election of Donald Trump.
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Michael Saylor, founder and chairman of MicroStrategy, said: “We have a #Bitcoin President”.
"We see the price running with little resistance at least until Trump takes office," Ned Davis Research said of bitcoin's latest rally to record highs.
As markets brace for today's crucial Federal Reserve interest rate decision, all eyes are on Bitcoin, which has recently surged above $76,000.
Tether will transfer a portion of its USDT cold wallets from other blockchains to USDT on Ethereum via a chain swap. The overall supply of USDT will remain unchanged. Tether to Allow Traders to Utilize USDT Across Blockchains A chain swap is a procedure used to transfer cryptocurrency between blockchains.
The Ethereum network is preparing for the Pectra upgrade to go live on the mainnet in the first quarter of 2025 through the Mekong testnet.
BlackRock's spot Bitcoin exchange-traded fund (ETF) witnessed a record trading day on Wednesday following Republican Donald Trump's win in the U.S. presidential election. The record-breaking volumes came as the alpha crypto broke out to fresh all-time highs.
Peter Brandt, considered by many to be a trading legend, who has been active on the financial markets since the 1970s, recently shared a fresh perspective on the price performance of two major altcoins: Ethereum (ETH) and Solana (SOL).
The Solana and Ethereum debate has come up a lot in this market cycle, especially with SOL currently outperforming ETH. Veteran trader Peter Brandt has also weighed in on the conversation and provided insights into why SOL is ahead of ETH from a trader's perspective.
Trump's victory boosts hopes for a national Bitcoin reserve, though skepticism lingers over whether it will happen.
Ethereum and Tron are building positive momentum and are ready to surge higher, while Sui has reached record levels following the U.S. election
Legendary trader Peter Brandt, with nearly five decades of experience in trading since 1975, has shared a bullish forecast for the Bitcoin price trajectory in 2025. Taking to X, Brandt stated: “Bitcoin $BTC is now in the sweet spot of the bull market halving cycle that should top in the $130k to $150K range next Aug/Sep. I measure cycles differently than most.
Bitcoin's mining difficulty recently rose to its highest ever. The mining difficulty — which measures how hard it is to discover new blocks on the Bitcoin blockchain — spiked 6% to an all-time high of 101.65 trillion amid a record hash rate for the network.
Staking could significantly boost the flow of investments into US-traded Ethereum exchange-traded funds (ETFs), according to Tom Wan, a former crypto analyst with 21.co. On Nov. 7, Wan pointed out that staking could help the funds reduce management fees, increase the overall amount of Ethereum staked, and provide more substantial incentives for investors.
Expert analysts believe that the present economic situation has left investors looking for better ways to protect their wealth.
The short and long-term search trends show a renewed interest in digital assets.
Jason Lowery, US Space Force Major and author, believes Bitcoin is a far-from-conservative technology transforming physical energy into secure digital power by taking “watts to secure cyberspace” rather than logic encoded. For Lowery, the Bitcoin network provides a different perspective on protecting everything from software instructions to sophisticated data structures associated with digital assets and