The Japan-based investment firm continues to stack BTC, staying true to its bold vision.
In a new YouTube video titled “There Is No ETF Paper Bitcoin,” Fred Krueger, an investor at the crypto hedge fund 2718.fund, delved into the growing concerns surrounding US spot Bitcoin Exchange-Traded Funds (ETFs) and their impact on the cryptocurrency's price. Krueger aimed to dispel the fear, uncertainty, and doubt (FUD) that have been circulating about “paper Bitcoin”—the notion that ETFs might be selling Bitcoin they do not actually possess—and to explain why Bitcoin's price has not surged as dramatically as some might expect, despite significant ETF purchases.
Bitcoin has recently shown a recovery back above the $68,000 mark. Here's who could be behind this rally, according to on-chain data.
Bitcoin has blown past $70,000 again after months of struggle. Will it hit a new all-time high ahead of the election?
Matthew Sigel, head of digital assets research at VanEck, has projected that Bitcoin could reach a value of $3 million by 2050. In his analysis, he predicted that Bitcoin would become a reserve asset, owned by central banks with a 2% share to strengthen the global economic system.
The firm's $10 million BTC buy signals its commitment to the cryptocurrency as its holdings now exceed 1,000 BTC.
Bitcoin has topped $70,000, its highest price since June after US-based ETFs surpassed total joint lifetime net inflows of over $22 billion.
The price still remains below its record high of $73,700 hit in early March of this year.
October saw unexpected price dips for Bitcoin and altcoins. Analysts highlight market unpredictability amid economic and regulatory pressures.
VanEck's head of digital assets research, Matthew Sigel, connects Bitcoin's recent rise to election-driven shifts and increased money supply, noting a potential post-election catalyst for further gains. The post Matthew Sigel Predicts Bullish Setup for Bitcoin as U.S. Election Looms appeared first on Cryptonews.
The Defend American Jobs political action committee has spent more than $40 million on media buys supporting businessman Bernie Moreno's Senate run.
Retail investors account for approximately 80% of the total assets in spot Bitcoin ETFs.
Howard Lutnick, the billionaire chief executive of Cantor Fitzgerald, hailed Donald Trump as the best choice for rich America. He underlined that one of the good sides of a former president is that he took care of the American worker and growth in America, but also him being a crypto advocate and wanting to implement
Dogecoin (DOGE) bulls are eyeing a potential charge as high as $10 in the upcoming bull market, and hype is spreading to other new meme coins, with one exciting new project raising a whopping $22.8 million from early investors. The post Dogecoin Eyes $10 as New Meme Coin Raises $22.8M – Massive Rally Incoming? appeared first on Cryptonews.
Dogecoin (DOGE) price is showing signs of bullish momentum, as recent technical indicators point toward potential gains. The Ichimoku Cloud, EMA lines, and DMI all suggest positive movement, though the strength of the trend is still uncertain.
Cryptocurrency markets are trading higher as Donald Trump‘s election odds continue their rally. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $69,526.75 +2.6% Ethereum (CRYPTO: ETH) $2,506.32 +0.7% Solana (CRYPTO: SOL) $176.00 -0.4% Dogecoin (CRYPTO: DOGE) $0.1577 +11.6% Shiba Inu (CRYPTO: SHIB) $0.0000178 +4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 11.1% and daily active addresses falling by 11.6%.
Bitcoin's open interest just exploded by $1.94 billion today, with its price rallying toward the $70,000 mark. Coinbase has been dumping Bitcoin on the spot market since US markets opened.
Bitcoin (BTC) adoption is following a pattern similar to the videogame industry, with younger investors increasingly embracing the crypto while older generations gradually exit, according to VanEck's head of digital assets research, Matthew Sigel. Speaking on CNBC's “Squawk Box” on Oct.
Dogecoin (DOGE), the original meme coin, rallied above $0.15, with a short-term expectation of reaching $0.17. DOGE has lagged behind meme tokens, but expanded after a tangential mention during Donald Trump's latest rally.
Dogecoin is showing strong signs of a potential breakout, with technical indicators aligning for a possible move toward the $0.1491 mark. The Relative Strength Index (RSI) has shifted into bullish territory, signaling growing momentum and showing that further gains could be on the horizon.
The king coin's direction hinges on key economic data and trends.
Donald Trump's rally in New York City grabbed headlines—and Elon Musk's appearance has apparently catalyzed Dogecoin's latest pump.
Amid a tight matchup between bulls and bears, the crypto market has looked indecisive in recent months.
Dogecoin (CRYPTO: DOGE) is surging in Monday trading, bolstered by Elon Musk shouting out the apex meme coin. What Happened: At Donald Trump‘s controversial rally in Madison Square Garden on Sunday, Musk was introduced as the “co-founder of the Department of Government Efficiency,” directly referencing the ticker “DOGE.
Key Bitcoin (CRYPTO: BTC) indicators suggest the apex crypto could be on the verge of a significant rally as a veteran analyst downplays the influence of the presidential election on Bitcoin's trajectory. What Happened: Bitcoin could be set for another rally, according to crypto analyst Caleb Franzen, who observed a sharp shift in a momentum indicator used by traders to gauge buy and sell signals.
The cryptocurrency market experiences significant fluctuations, its total market cap has recently dropped to around $2.31 trillion, down from a high of $2.38 trillion earlier this month. This decline has led to notable corrections in the prices of major cryptocurrencies, particularly Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).
Former Ripple executive and crypto enthusiast Matt Hamilton has suggested that XRP may soon outpace Bitcoin as the leading cryptocurrency.
Emory University invested $15.8 million into Grayscale's Bitcoin Mini Trust. According to ETF analysts, every type of institutional investor eligible to buy a Bitcoin ETF has now done so.
Japanese firm Metaplanet has acquired an additional $10 million in Bitcoin (BTC), bringing its total holdings of the flagship crypto to over $1,000 as it continues with its October BTC shopping spree.
While Bitcoin has posted strong gains in 2024, the MSTR share price has far outperformed the cryptocurrency.
The largest stock exchange in Hong Kong has announced that it will launch a new crypto index to meet the increasing demand for digital assets. In a new announcement, Hong Kong Exchanges and Clearing Limited (HKEX) says it will launch its own “Virtual Asset Index Series” on November 15.
Tokyo-listed Metaplanet Inc. has announced a significant expansion of its Bitcoin (CRYPTO: BTC) holdings with an additional purchase valued at approximately $10.4 million, further establishing its presence in the digital asset market. What Happened: The recent acquisition, totaling 156.783 BTC at an average price of $66,575 per Bitcoin, brings Metaplanet's total Bitcoin holdings to over 1,018 BTC, currently valued at around $67.1 million.
Emory University, a private research institution based in Atlanta, Georgia, has recently made headlines by disclosing a $15.8 million investment in a spot Bitcoin exchange-traded fund (ETF).
Elon Musk, the world's richest man and founder of Tesla and SpaceX, has once again recently mentioned the leading meme cryptocurrency, Dogecoin (DOGE).
While Bitcoin miners show record confidence today, growing third-party involvement threatens the network's future.
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The overall market is currently struggling and investors seem to hesitate while bidding on any cryptocurrency due to strong market volatility. Amid this, Japanese investment giant, Metaplanet has captured market attention with its latest strategy ahead of the United States presidential election. Metaplanet's 156.
The cryptocurrency market is regaining traction as Bitcoin surges past the crucial $69K level, with investors anticipating a potential $70K breakthrough. As Bitcoin rallies, certain altcoins are positioned for significant upward movement, potentially offering robust returns in the coming days.
A solo Bitcoin miner has hit the jackpot, securing a staggering $222,000 by successfully processing a block on the Bitcoin network. This remarkable feat shines a spotlight on the unpredictable and often exhilarating world of cryptocurrency mining, where individual miners can occasionally achieve what typically falls to large, powerful mining pools.
MicroStrategy's stock surge highlights the potential for significant gains in crypto-linked equities, reflecting broader market optimism. The post MicroStrategy stock hits new high as Bitcoin soars to $69,000 appeared first on Crypto Briefing.
Bitfinex report predicts the US election could drive Bitcoin price beyond $73,666 due to increased options activity and market volatility. The post Bitfinex says US election could push Bitcoin beyond its all-time high of $73,666 appeared first on Crypto Briefing.
Crypto funds saw $901 million in inflows this October, with Bitcoin leading, as the election climate drives a bullish case.
CryptoQuant analyst Maartunn has flagged a notable divergence between Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs, advising a cautious stance towards the latter. What Happened: Maartunn took to X to highlight the difference in netflows between Bitcoin and Ethereum ETFs.
A Bitcoin-focused nonprofit organization is outlining several reasons why central banks should adopt BTC as a reserve asset. In a new paper, the Bitcoin Policy Institute (BPI) says Bitcoin is an effective portfolio diversifier that can shield central banks against macroeconomic threats emerging across the globe.
Bitcoin price rallies as traders react to geopolitical and economic uncertainty, as the potential outcome of the upcoming US election.
Emory University has disclosed a $16 million investment in the Grayscale Bitcoin Mini Trust (NYSE:BTC), placing it among the first higher education institutions to dive into Bitcoin (CRYPTO: BTC) holdings. This move follows a trend set by corporate giants like Tesla, Block Inc. (formerly Square) and PayPal, which have each added Bitcoin to their balance sheets in recent years.
Bitcoin's best years have been characterized by copper's outperformance relative to gold but the widely-tracked ratio continues to slide in the wake of China's stimulus announcements, offering negative cues to risk assets. What does the sliding copper-to-gold ratio mean for bitcoin?