Bitcoin Financial News

Hardware wallet firm Ledger is rolling out its cloud-based private key recovery solution despite facing significant criticism from the crypto community.

The iShares spot Bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), suggesting potential approval by the United States Securities and Exchange Commission.

Investment firm ARK is selling Grayscale Bitcoin Trust (GBTC) shares amid a market surge fueled by anticipation of a spot BTC exchange-traded fund (ETF).

Bitcoin (BTC) is currently battling to hold the $34,000 level after a stellar rally and short squeeze saw its price push above $35,000 on Oct. 23.

Bitcoin extended a rally fuelled by expectations of fresh demand from exchange-traded funds, reaching the highest price since May last year. The largest digital asset rose as much as 11.5% to top $35,000 before paring some of the gain to trade at $34,605 as of 8:11 a.m. (7:31 p.m. IST) in New York on Tuesday, taking its year-to-date rebound from 2022's digital-asset rout to 108%. The possible approval in coming weeks of the first US spot Bitcoin ETFs is stoking speculative ardor for the token. Asset managers BlackRock and Fidelity Investments are among those in the race to offer such products. Digital-asset bulls argue the ETFs would widen adoption of the cryptocurrency. A US federal appeals court on Monday also formalised a victory for Grayscale Investments LLC in its bid to create a spot Bitcoin ETF over objections from the US Securities and Exchange Commission.

Cryptocurrency investing is rapidly breaking into mainstream financial consciousness, according to pro-crypto Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger.

Bitcoin (BTC), the most valuable cryptocurrency in the world, has recently achieved a significant milestone by surpassing $34,000. This represents its highest point in the past three months. 

Bitcoin has seen an astonishing surge of more than 10% this week, reaching an all-time high price of $35,900. This surge has had a domino effect on stocks linked to the crypto asset, propelling them to impressive multi-week highs.

Investing.com — The Dow closed higher Tuesday as a slew of better-than-expected corporate earnings and steady Treasury yields lifted sentiment on the stocks ahead of the big tech earnings.  

Bitcoin extended a rally fueled by expectations of fresh demand from exchange-traded funds, reaching the highest price since May last year.

Global bond markets rebounded, with the US 10-year yield sliding to 4.8%, amid growing speculation that the recent selloff was excessive. Nasdaq 100 index futures rose ahead of earnings from Microsoft Corp. and Alphabet Inc.

Key players in the cryptocurrency space are pivoting toward InQubeta ($QUBE) and The Graph ($GRT) as analysts dub them two of the best altcoins to invest in. InQubeta takes on traditional investment giants by providing an alternative way to invest in artificial intelligence (AI). It’s one of the new DeFi projects launched this year and has the potential to become a top crypto coin in a few years. 

Investing.com — The S&P 500 rose Tuesday as investors digested a wave of quarterly corporate earnings, with Microsoft and Google set to kick off earnings for big tech.

Sentiment was a little more cheerful during Tuesday’s session, following Monday’s recovery in stock and bond markets, and the return of the selling in precious metals and oil markets. European indices and US futures were trading higher as yields dipped further lower after the US 10-year could not hold above the key 5% level for long on Monday.

Coinbase dismisses rumors of a BTC withdrawal limit, stating that these claims do not hold true. Coinbase confirms that such a withdrawal limit policy does not exist. 

Terra Luna Classic (LUNC), the cryptocurrency that powers the original Terra blockchain that saw a spectacular blow-up in May 2022 after is UST algorithmic stablecoin lost its 1:1 peg to the US dollar, is rallying this week.

The Bitcoin (BTC) price is selling off as FUD (fear, uncertainty and doubt) spreads around the market that spot Bitcoin Exchange Traded Fund (ETF) approvals might not be as close as previously though.

The stock market rebounded from its longest slide in 2023 amid a raft of corporate earnings, with traders awaiting results from giants Microsoft Corp. and Google’s parent Alphabet Inc. after the close. Oil held near US$85 a barrel.

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Tuesday, October 24th, 2023 – The Bitcoin price breakout at $35,000 heralds the start of what could be the biggest bull run ever for the top cryptocurrency, and cloud mining upstart Bitcoin Minetrix is set to be a major beneficiary after amassing $2.19 million from alpha-seeking crypto investors. 

XRP (XRP), the cryptocurrency that powers the XRP Ledger first launched by US fintech company Ripple back in 2011, has been pumping this week in tandem with a Bitcoin-led broader rise in the crypto market.