The US Securities and Exchange Commission approved NYSE and CBOE's bids to list options for bitcoin exchange-traded funds.
The decision follows Nasdaq recently also getting permission for options on spot bitcoin ETFs.
Bitcoin's open interest hits $20 billion as whales accumulate, giving it the boost to hit a new high.
Traders believe that the approval of options for Bitcoin exchange-traded funds will inject much-needed liquidity into the markets.
On Friday, bitcoin reached its highest price since late July, coming within just $2 of breaking through the $69,000 mark. Recent data shows the cryptocurrency market has been on a consistent upward trend, with the entire digital asset economy now valued at $2.35 trillion, reflecting a 2.63% rise over the last day.
Dogcoin bulls made a strong appearance this week, but how much longer can the rally continue before an inevitable pullback?
The SEC has given NYSE American LLC the green light to list and trade options on multiple spot bitcoin exchange-traded funds.
Ethereum is currently navigating a crucial phase in the cryptocurrency market. After a notable surge of over 10% in the past week, the price of ETH is testing the critical resistance zone around $2,700.
Before bitcoin took the spotlight, several digital currencies aimed to change the way we exchange value, but none could withstand the test of time. Ecash, E-gold, Liberty Reserve, and Q coins each had their moment, only to fall short in the end.
The organization worked with the emergency response team SEAL911 and others to recover assets the exploiter had missed.
In the last five trading days, spot bitcoin ETFs have seen net inflows of more than $2.1 billion, with BlackRock accounting for half of those sales.
Bitcoin is roaring back. While everyone has been fixated on the stock market, Bitcoin has been creeping up, launching a bull market that most weren't paying attention to.
Cryptocurrency prices have rebounded, with the largest memecoins by market capitalization—Dogecoin, Shiba Inu, and Pepe—posting double-digit gains over the past week. This recovery was sparked by Bitcoin's “Uptober” rally above $68K, driving increased buying demand. Notably, Dogecoin's recent surge has attracted whale investors, pushing the price past key resistance levels.
Bitwise CIO Matt Hougan said Bitcoin (BTC) is poised for a significant rally to a “six-figure” price amid a convergence of several key factors driving investor enthusiasm. In a social media post on Oct.
Hayes highlights the Arab oil embargo and Iranian revolution to demonstrate hard assets' superior performance under crises.
Ethereum whales have been gobbling up ETH in the past month, according to the crypto analytics firm IntoTheBlock. IntoTheBlock notes that whale wallets holding more than 0.1% of the total Ethereum supply added more than 1.7 million ETH in net inflows to their combined holdings in the past 30 days.
Dogecoin (DOGE) price is up 10% in the last 24 hours, catching the eye of traders with increased activity. The recent surge in trading volume and trend indicators like ADX reflect growing interest in the market.
The Solv Protocol has announced the integration of Liquid Bitcoin (LST) into Solana's decentralized finance (Defi) ecosystem through its new product, Solvbtc.JUP. This initiative allows Bitcoin holders to participate in yield generation by depositing BTC or Wrapped BTC to mint Solvbtc, which can then be converted into Solvbtc.
Trading platform Robinhood Markets (NASDAQ:HOOD) has grown from a strong base of young users and retail users into a platform that caters to all, a development the company's Chief Brokerage Officer Steve Quirk told Benzinga is "kind of exciting to see" during the 2024 HOOD Summit. Robinhood's Growth: With a long career in the trading world at TD Ameritrade and the Cboe, Quirk has seen trends come and go in the stock market.
Bitcoin price is hovering near $68,500 as bulls seek further strengthening towards the previous all-time high. Meanwhile, several meme coins have seen a decent spike in prices over the past week as the US election draws ever closer and bullish crypto sentiment solidifies.
Geopolitical tensions escalate in the Middle East, especially with the potential for conflict involving Israel and Iran, some financial experts are speculating about the impact on cryptocurrency markets. Notably, Arthur Hayes, the co-founder of BitMEX, has put forward an intriguing perspective: that such a war could actually lead to a significant increase in Bitcoin's price.
Institutional accumulation through self-custodial services is rising as Bitcoin whales hold a record stake in BTC.
After reaching new local highs recently, Bitcoin is at a turning point, pushing the market into a cautious yet optimistic mood. Despite the surge, analysts and investors remain wary, as BTC has repeatedly dropped from these levels since March, leading to concerns about another potential decline.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chris Metinko of Crunchbase breaks down the latest VC funding data for web3 startups.
All eyes are on Ethereum as the crypto market watches closely following Bitcoin's recent surge. Analysts and investors are now cautiously waiting for Ethereum to catch up, with some fearing that ETH's performance in this cycle may fall short of expectations.
For much of the past year, predictions were rife that Ethereum's (ETH) price could reach five-digits. However, as Bitcoin (BTC) surged in 2024 while ETH lagged behind, market analysts have reassessed their forecasts.
Bitcoin ETF inflows have accelerated this week as the 2024 presidential election tightens in its final weeks.
Slowly but surely, El Salvador is on its way to mass Bitcoin adoption.
Bitcoin's price has been soaring lately, but not all traders are celebrating. Despite its recent gains, many are worried about a possible dip before the next big surge.
Bitcoin, the leading cryptocurrency by market cap, briefly touched the $69,000 level on the Binance exchange at 18:46 UTC.
DonAlt, a pseudonymous cryptocurrency trader with more than half a million followers on the X social media network, has predicted that Dogecoin (DOGE) can potentially "run" all the way to the $1 mark as long as the broader cryptocurrency market remains in bullish mode.
Bitcoin advocate Samson Mow addresses the German Bundestag, driving efforts to accelerate global hyperbitcoinization.
Freedom Factory has launched Dgen1, dubbed the “Ethereum Phone,” a mobile device integrating Ethereum's ethOS v4.0 operating system for seamless crypto interactions. Freedom Factory's goal is to empower users with a “freedom-enhancing” technology that restores hope in technology by combating corporate control.
TL;DR Matt Hougan, CIO of Bitwise, predicts that the price of Bitcoin will reach six-figure numbers due to whale accumulation, which acquired 60,000 BTC in 24 hours. The demand for Bitcoin ETFs in the U.S. has recorded over $20 billion in net inflows in less than ten months.
Wall Street veteran Max Keiser has shared an extremely optimistic outlook for Bitcoin's (BTC) near-term trajectory. In a recent post on X, the prominent Bitcoin propounder predicted that the Bitcoin price is headed to the ambitious $220,000 level.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Ethereum might ignite the altcoin fire since it has set its eyes on making a more than 53% surge to the psychological threshold of $4,000.
Why is crypto's seasoned top dog outshining newer rivals like WIF and BONK in mid-October's crypto market trends?
Ethereum's supply reduction, rising Layer 2 activity, and demand signal future price growth.
This week has seen a resurgence in trading activity, with a notable 10% increase in the global crypto market capitalization. As a result, large coin holders, also known as whales, have started accumulating certain coins.
Craig Wright is accusing Bitcoin Core developers of misleading the market, claiming that the integration of recent upgrades has altered Bitcoin's original design.
Bitcoin, the pioneer cryptocurrency, has been trading sideways for the past seven months, struggling to maintain a directional uptrend. While the ‘Uptober' has boosted the BTC price for the next breakout attempt from $70,000, these three cryptocurrencies are gathering even more momentum with technical breakouts, increasing whale activity.
Users must first mint a non-fungible token on the Base layer-2 network to redeem the NFT for the upcoming crypto-native device.
Anatoly Yakovenko, Solana's co-founder, recently pointed to a deep divergence in how Solana and Ethereum see resource satiation and price discovery. He explained that once a global resource becomes saturated on Solana, the current pricing mechanisms begin to be suboptimal.
Musk's rhetoric painted a dire picture of the US economy while pitching his own recovery plan.
Crypto trader Cold Blooded Shiller has outlined a bullish outlook for Bitcoin (CRYPTO: BTC), pointing to technical analysis and market psychology as key factors for a potential breakout. What Happened: In a Friday update on his YouTube channel, the trader emphasized the significance of Bitcoin's recent price action, particularly the formation of a higher high and higher low pattern on higher timeframes.