Bitcoin (BTC) has refreshed its downward trend, as bears snapped the $40,000 support overnight and sent the price to the $38,000 low. The current bearish sentiment comes amid the growing Russia-Ukraine political tensions, which has prompted investors to dump risky assets like stocks and bonds for less risky ones like gold and safe-haven currencies. That […]
The US Senate Committee Foreign Relations released on Wednesday that Senators Risch (R-Idaho), Bob Menendez (D-N.J.), and Bill Cassidy (R-La.) recently introduced a bill dubbed the “Accountability for Cryptocurrency in El Salvador Act’’ (ACES Act). Per the announcement, the proposed bill mandates a report from the State Department regarding El Salvador’s recent adoption of Bitcoin […]
Bitcoin (BTC) continues to struggle to make any meaningful headway above the $44,500 top, as the benchmark cryptocurrency stalled around this barrier for the past 24 hours. Analysts opine that BTC has fallen into a sideways bias following new comments from the US Fed. The recently released FOMC minutes came with some surprises for the […]
Despite Bitcoin (BTC) currently trading about 36% lower than its November 10 all-time high of $69,000, new on-chain reports show that the number of BTC tokens on crypto exchanges has plummeted to its lowest levels in about ten months. According to prevailing statistics, the number of all BTC on crypto exchanges at a small 2.363 […]
After the recovery of one of the biggest loots in Bitcoin history by the US Department of Justice (DOJ), several commentators have voiced their opinions on how the recovered BTC fortune should get distributed. A recent Bloomberg report shows that the DOJ has received numerous filings by individuals laying claim to the recovered loot from […]
Last week, Bitcoin (BTC) made a solid attempt at the $46,000 barriers but failed to make meaningful use of this bullish charge after the Federal Reserve announced its inflation number on Thursday and has fallen into a sideways momentum. That said, the benchmark cryptocurrency currently trades down by 7% at $45,860 from its Thursday high, […]
JPMorgan Chase & Co. strategists have made some price projections for Bitcoin (BTC), as they argue that Bitcoin’s “fair value” should be 12% lower than its actual value. According to the team, led by Nikolaos Panigirtzoglou, the benchmark cryptocurrency is overpriced, and it should trade at $38,000. This projection is based on the assumption that […]
New reports show that KPMG Canada has joined the growing list of companies to add Bitcoin and Ethereum to its corporate treasury, in what the company described as a “first-of-its-kind investment.” The behemoth auditing and accounting firm, revered as one of the Big Four accounting firms, noted: “KPMG in Canada has completed an allocation of […]
The US Securities and Exchange Commission (SEC) has approved Valkyrie’s Bitcoin (BTC) Miners exchange-traded fund (ETF) to be listed and traded on the Nasdaq Stock Market with the ticker symbol “WGMI,” according to a filing published by the agency yesterday. The approval comes only a few weeks after Valkyrie applied with the SEC to list […]
