Bitcoin Financial News

The hype surrounding ETFs has helped narrow the discount on the Grayscale Bitcoin Trust (GBTC) to its lowest levels since July 2021.

THORChain, a decentralized crypto trading protocol capable of cross-chain swaps, has become the third-largest decentralized exchange (DEX) in terms of trading volume over the past seven days.

BitMEX founder Arthur Hayes believes that Bitcoin will outperform bonds during times of war, despite a potential initial sell-off.

A Hong Kong lawmaker has proposed to incorporate Bitcoin trading into the city’s licensed exchanges in the revived investment immigration program.

President of advisory firm The ETF Store, Nate Geraci, thinks that the long-awaited approval for a spot Bitcoin ETF could come this week.

The number of crypto wallet addresses holding more than $1 million in Bitcoin (BTC) has more than tripled this year. 

Gold and the US Dollar have long held their positions as stalwart players, Bitcoin has boldly entered the race, establishing itself as an emerging asset class. Each of these three assets possesses distinct characteristics and potential benefits, creating a dynamic landscape reflecting wealth and investment evolving nature. Let’s delve into the comparative study of Bitcoin, USD, and gold over the past decade. Age and Nature of the Assets Gold, a trusted store of value for centuries, has been a staple in the financial markets since the 1970s. However, the landscape changed significantly with the introduction of the first gold exchange-traded fund (ETF), Gold Bullion Securities. Launched on March 28, 2003, on the Australian Securities Exchange by ETF Securities and its major stakeholder, Graham Tuckwell, this event marked a significant evolution in gold investment. Historically, gold has demonstrated its resilience by serving as a hedge against inflation amid economic uncertainties. This characteristic has established Gold as a preferred choice for investors looking to safeguard their portfolios. Despite encountering short-term fluctuations, Gold has maintained its reputation as a stable investment, particularly appealing to risk-averse investors. The enduring popularity of Gold as an investment option underscores its time-tested role in providing stability amid the dynamic currents of the financial markets.

Bitcoin (BTC) is on target to end the week with gains of about 6%, indicating continued demand from the bulls. MicroStrategy co-founder Michael Saylor said during a speech at the 2023 Australia Crypto Convention on Nov. 10 that Bitcoin’s demand on a monthly basis could surge between two to 10 times by the end of 2024. Additionally, the halving will reduce the supply by half. Saylor expects both these events will cause the price “to adjust up.” 

After briefly dipping below the $37,000 level late on Saturday, the price of Bitcoin (BTC) has recovered back into the low $37,000s, where it continues to trade around 2% lower versus the 18-month highs it hit earlier in the week near $38,000.

Bitcoin Argentina, a non-government organization dedicated to promoting crypto, has presented a draft bill aimed at regulating the cryptocurrency market in a manner that ensures decentralization and enhances public trust. 

Bitcoin (BTC) will “most likely” see a serious price drawdown before a key date for institutional investors dawns, says gold bug Peter Schiff.

Non-government organization Bitcoin Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization and strengthens public trust.

The Bitcoin (BTC) bulls are taking a breather on Saturday, with the cryptocurrency moving sideways just below the yearly highs it printed earlier this year near $38,000, with BTC last changing hands for around $37,150.

The global embrace of digital currencies, driven significantly by Bitcoin, has come under scrutiny following a new United Nationsstudy spotlighting the environmental detriments tied to cryptocurrency mining, extending beyond the often-cited carbon emissions to encompass water and land impacts. This study, conducted by the United Nations University Institute for Water, Environment and Health (UNU-INWEH), delves into the activities of 76 nations involved in Bitcoin mining over the span of 2020 to 2021, painting a concerning picture of environmental degradation.

Bitcoin is climbing for a fourth consecutive week, with the digital token’s price lingering just below an 18-month high of $38,000, as more investors bet that US exchange-traded funds that hold the largest cryptocurrency are on the verge of winning regulatory approval. “We are referring to the current Bitcoin rallies internally as, ‘nothing for sale’ rallies, said Stephane Ouellette, co-founder and chief executive of FRNT Financial. “On even the slightest positive news, whether ETF related or otherwise, Bitcoin is seeing very little resistance to the upside and is having the propensity to ‘gap.’ The dynamic speaks to the impressively strong price base Bitcoin has developed post-FTX.” Bitcoin rose as much as 2.5% to $37,465 on Friday. It climbed within a hair of $38,000 on Thursday, the highest price since May 2022. That was when the collapse of the TerraUSD stablecoin set off a chain of failures across the sector that culminated in the implosion of Sam Bankman-Fried’s FTX exchange a year ago from tomorrow. The US Securities and Exchange Commission is expected to approve a spot Bitcoin ETF by Jan. 10, according to Bloomberg Intelligence analysts. Bitcoin has surged almost 40% over the past four weeks on growing speculation that approval was imminent.

The CEO of blockchain company Ripple has some strong words for the U.S. Securities and Exchange Commission.

With the Bitcoin halving just months away, MicroStrategy co-founder and Bitcoin bull Michael Saylor thinks that demand for BTC could grow by as much as 10X by the end of 2024.

Promising to get traders ahead of the pack, Voltix Momentum positions itself as a crypto trading platform with a unique bouquet of facilities that include real-time analytics, strategic trading, and robust security measures.

A near 8% surge in the price of Bitcoin (BTC) in the past seven days has seen its market capitalization jump by more than $50 billion to above $700 billion for the first time in seventeen months.

Friday, November 10, 2023 – The emergence of BlackRock’s Ethereum ETF plans has sent the ETH price surging through the $2,000 mark and has injected even more FOMO into the race to invest in the Bitcoin ETF Token ($BTCETF).

A consortium of 47 countries, including the US, the UK, and Australia, have adopted a new framework for the automatic exchange of information between tax authorities.