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.
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).
While Bitcoin miners show record confidence today, growing third-party involvement threatens the network's future.
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.
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.
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.
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?
The investment manager's long term model puts BTC's price at roughly $3 million by 2050.
A solo Bitcoin block was recently mined for the first time in over a decade, according to FutureBit founder John Stefanopoulos.
BSV, SPX, RUNE top daily gains chart alongside BTC's rally.
I think it's game over for the Democrats.
The head of digital assets research at exchange-traded fund (ETF) provider VanEck says that Bitcoin (BTC) is looking bullish ahead of the US presidential election.
BTC's price could skyrocket soon due to the emergence of a "golden cross."
Bitcoin could increase in value as the U.S. elections approaches; however, analysts warn that a sell-off may occur in the days that follow.
Throughout most of October, Bitcoin (BTC) outperformed many altcoins within the top 100, dispelling speculation that an altcoin season would kick off this month. However, as the 11th month of the year approaches, BeInCrypto reveals three bullish altcoins predicted to outperform Bitcoin.
Bitcoin ETFs are recording solid buying, a sign that traders believe to be an indicator that BTC will break through the range highs.
Three of the newest members of BRICS—Argentina, the UAE, and Ethiopia—have begun mining Bitcoin using government resources, according to Matthew Sigel, Head of Digital Assets Research at investment firm VanEck.
Emory University, based in Atlanta, Georgia, is the latest institution to report it holds a position in a Bitcoin spot exchange-traded fund The university disclosed it holds $15.
Will Bitcoin's near-60% dominance surge translate into a breakout above $100K with the help of November's market-shaping events, or will unexpected factors derail BTC's upward journey? BTC dominance holds strong amid market shifts As autumn peaks, Bitcoin's (BTC) market dominance—the
Bitcoin's potential as a global reserve asset could shift economic power dynamics, challenging US financial dominance if crypto is ignored. The post Bitcoin price could reach $3 million by 2050, says VanEck head of crypto research appeared first on Crypto Briefing.
Investment manager VanEck, one of the bullish institutional investors in Bitcoin (BTC), believes the maiden cryptocurrency is on track to surpass the $1 million valuation in the coming years.
Just eight days until the U.S. picks a new President, crypto investors are feeling bullish—putting nearly $1 billion more into Bitcoin ETFs.
TL;DR Digital asset inflows hit $901 million, bringing this year's total to $27 billion, nearly triple 2021's record. Bitcoin led inflows with $920 million, driven by political factors in the US, while Ethereum saw outflows of $35 million. Blockchain stocks also showed a rally, with inflows of $12.2 million for the third consecutive week.
BlackRock now holds over 403,725 BTC, valued at $27.73 billion, as Ethereum ETFs face a $7M outflow over the past seven days. The post BlackRock's Bitcoin holdings climb to $27.73 billion as Ethereum ETF outflows reach $7 million appeared first on Crypto Briefing.
Bitcoin is showing strength by holding tight to the $68,000 level, but a run to new all-time highs will require one key component.
The news is causing a stir in the world of finance: VanEck, one of the leading investment firms, has recently published a bold forecast regarding the future of Bitcoin. According to the company, the price of Bitcoin could reach 3 million dollars by 2050.
Technical analysis predicts Bitcoin could reach $158,000, supported by bull pennant pattern and rising RSI levels. The post Bitcoin's $150K price target returns as BTC breaks out of bull pennant appeared first on Crypto Briefing.
Bitcoin experienced notable inflows and pricing shifts this month primarily driven by heightened Republican support amid recent US political changes.
Emory University has become the first endowment to report an investment in spot Bitcoin (BTC) exchange-traded funds (ETFs), with a total exposure of $15.8 million, according to recent 13F filings.
Emory University disclosed ownership of more than $15 million worth of shares of the Grayscale Bitcoin Mini Trust.
Sazmining launches a bitcoin (BTC) mine in Norway that will heat a building, aiming to demonstrate sustainable mining benefits despite past regulatory concerns.
Buyers keep controlling the situation on the market at the beginning of the week, according to CoinMarketCap.
Bitcoin (BTC) and the altcoins have shown significant price actions in the crypto market. The overall crypto market's daily trading volume surged by 22.63% as per CMC data.
In August 2020, Michael Saylor's MicroStrategy made its first Bitcoin purchase. MicroStrategy stock has hit a 25-year high of $236.
Bitcoin (BTC), the largest cryptocurrency, is on the verge of reaching a major milestone. Its Energy Value, a raw value of electricity required for mining, is approaching $100,000 for the first time ever.
Matthew Sigel, head of digital assets research at VanEck, sees Bitcoin (CRYPTO: BTC) on a strong upward path as the U.S. presidential election approaches, bolstered by growing interest and shifting macroeconomic conditions. What Happened: “Our bet is that this is a very bullish setup for Bitcoin into the election,” Sigel told CNBC on Monday, pointing out that factors such as Trump's increasing popularity in prediction markets and renewed optimism in the crypto sector are helping drive demand.
On October 10, Bitcoin (BTC) briefly dipped below the $60,000 mark, stirring speculation that it might miss the traditionally bullish trend known as “Uptober.” However, recent price momentum over the past week hints at a stronger end-of-month performance, aligning with historical data that often sees Bitcoin rally as October concludes.
Bitcoin, the leading cryptocurrency, has surged above the $69,000 level, reaching an intraday high of $69,222 on the Bitstamp exchange, according to CoinGecko data. This comes after the bullish golden cross pattern recently formed on its daily chart.
Though momentum has been somewhat choppy in the most recent trading, the prevailing sentiment in the cryptocurrency market this ‘Uptober' – a popular nickname for October – is optimism.
Japanese company Metaplanet expanded its Bitcoin holdings to become one of Asia's largest public holders of the crypto. The move comes at a time of yen weakness and political uncertainty in Japan.