Bitcoin Financial News

Galaxy Asset Management, a prominent crypto investment firm, has surpassed $10 billion in assets under management (AUM) amid a surge in institutional interest in digital assets. 

Investing.com — Wall Street futures point to a cautious trading day ahead of the start of the latest Federal Reserve policy-setting meeting, especially after the Bank of Japan lifted its interest rates for the first time in almost two decades earlier in the session. Nvidia continues its annual developer conference, while Bitcoin suffers its largest one-day drop in two weeks..

By Amanda Cooper

LONDON — The boss of digital asset management firm Grayscale, which manages the $26 billion exchange-traded fund GBTC, has said that fees on its flagship product will come down over time, after its outflows reached $12 billion.

Bitcoin fell by as much as 5.7% on Tuesday, on track for its largest one-day drop in two weeks, as a wave of selling hit cryptocurrencies and other risk assets, such as stocks. The price was last down 4.2% at $64,550, having dropped to a two-week low of $63,555, while ether fell 4.4% to $3,355.

Bitcoin is set to continue its record-breaking rally and rise above $80,000 as institutional investors pour more money into the crypto-backed exchange-traded funds, according to Binance chief executive officer Richard Teng. The launch of Bitcoin ETF in the US earlier this year has attracted institutional investors and new fund flows, Teng said at an event in Bangkok on Sunday, adding «we're just getting started.»

Following a quiet start to the week for Bitcoin (BTC) and Ether (ETH), both of which are rangebound in the $68,000 and $3,500/600 areas amid tentative trade ahead of this week’s FOMC meeting, crypto investors looking for the best crypto to buy today are eyeing up movers and shakers in the altcoin market.

Long-term holders of Bitcoin are starting to sell off their holdings of the cryptocurrency, signaling that the bull market has “definitely begun,” according to data released on Monday from investor and entrepreneur Anthony Pompliano.

Last week proved to be a roller-coaster ride for bitcoin (BTC) investors, as the largest cryptocurrency by market capitalization topped another lifetime high of $73,000 to start the week but fell below the $65,000 mark by Sunday after a sell-off. Ethereum's Dencun upgrade fulfilled its intended goal by lowering fees on various Layer 2 networks but ether (ETH) prices also weakened at the end of the week.

As the market cap of Solana’s biggest decentralized exchange (DEX) Jupiter (JUP) surges beyond $2 billion, and its fully diluted market cap powers towards $15 billion, crypto investors are asking if it is too late to buy Jupiter.

Hong Kong-based crypto platform Bitfinex warned BTC miners on March 15 of a potential centralization of power post-halving.

British multinational bank Standard Chartered expects Ethereum (ETH) to outperform Bitcoin (BTC) after spot ETFs for the former are approved by regulators in May of this year.

Bitcoin price has continued to move higher in March, which is in line with historical trends heading into the much-anticipated halving event.

Binance CEO Richard Teng forecasts that Bitcoin will surpass $80,000 before the year ends. He attributed this likely increase to the growing interest from institutional investors in crypto-backed exchange-traded funds (ETFs).

As Bitcoin once again captures attention, the concept of «halving» has emerged as a crucial factor influencing the cryptocurrency's value and market dynamics. As a result, many market participants are providing their latest bitcoin price prediction.

Indonesia has witnessed an impressive surge in cryptocurrency transactions, with the total reaching IDR 30 trillion ($1.92 billion) in February, according to the country’s crypto regulator. 

Cryptocurrency markets were trading higher on Monday, led by Bitcoin, Ethereum, Solana, and Avalanche, ahead of the Fed's policy decisions due this week. Investors await the central bank's policy decisions, due later in the week, as they look for clues into the future global interest rate trajectory.

In an interview with CNBC, Kris Marzsalek, CEO of Crypto.com, characterized the recent downturn in Bitcoin price as a “healthy” market correction.

Kimchi premium crypto price discrepancy is driven by a lack of South Korean corporate investment in Bitcoin (BTC), say South Korean experts.

Bitcoin hitting all time highs and boasting a staggering 12-month return of 200% has made headlines all around the world. Has any other asset outperformed Bitcoin during the same time? Ladies and Gentlemen, let me present to you MicroStrategy (MSTR); its price has skyrocketed with a remarkable 12-month return of 600%. The financial world stands in awe of its CEO Michael Saylor and his audacious strategy, which is now heralded as «The Trade of the Century.» on crypto Twitter. So who is Michael Saylor? Born on February 4, 1965, Saylor rose to prominence as an American entrepreneur and business executive. Co-founder and executive chairman of MicroStrategy, a leading provider of business intelligence, mobile software, and cloud-based services, Saylor's entrepreneurial journey has been marked by both triumphs and setbacks. In the late 1990s, Saylor emerged as one of the poster boys of the Internet bubble, amassing immense wealth thanks to his stake in MicroStrategy. However, the dot-com bust and some questionable accounting practices led to a restatement of financial results, causing Saylor to fall from the billionaire ranks and fade from public memory.

Bitcoin and gold are zooming, which is not new, because the things people trade in go up and down. These two asset classes don’t interest me, and from time to time, I marvel why people invest in these. Is the current bull run in the two more or less the same? The answer is, mostly, yes. However, I’ll point out something that is different. Gold and Bitcoin are both useless asset classes that produce nothing. In origin and nature, these couldn’t be more different. Gold is the simplest form of wealth to understand; if it’s physical gold, it’s worth something. It has been used as a store of wealth and currency for millennia. Bitcoin is quite the opposite. In physical sense, it does not exist; it is entirely a technological construct. Fifteen years after its invention, relatively few people understand what it is and why it’s worth anything. I don’t know how many people genuinely understand what a blockchain, token, or NFT is, or what a crypto transaction actually does. Yet, in global finance, both are functionally the same. They are both functioning as currencies that are being used as havens from the rain of US dollars, which has now become a flood. Despite their fundamental differences, convergence in their function as safe havens reveals a broader narrative about diversifying assets in times of economic uncertainty. The deluge of US dollars can potentially safeguard their wealth against inflation and devaluation. At least, that’s the theory.