As the week nears its end, 11 applicants for spot Bitcoin ETFs have submitted 19b-4 amendment forms. The U.S. SEC faces a looming deadline to approve or deny in just a few days. The U.S. Securities and Exchange Commission has initiated the acceptance of exchange filings, indicating a positive signal for the approval of a […]
The race to launch the first spot bitcoin exchange-traded fund (ETF) in the U.S. is heating up, as firms vying for a spot, including Grayscale, BlackRock, VanEck, and WisdomTree, have been meeting with the Securities and Exchange Commission (SEC) to address its concerns. JUST IN: 🇺🇸 SEC is meeting with Nasdaq, NYSE and other exchanges […]
BTCUSD Finally Shatters the $45,000 Resistance Level BTCUSD shatters the $45,000 resistance level, marking a breakthrough in 2024 for 2023’s sustained bullish momentum. Although the market initially reached this crucial level in early December, it faced rejection, leading to confinement below it. Despite this, the cryptocurrency maintained an upward trajectory along the mid-line of the […]
Bitcoin’s value surged by 7.5% as the year began, reaching an impressive $45,900. This notable upswing was primarily fueled by heightened activity on the Chicago Mercantile Exchange (CME). Intriguingly, the CME’s Bitcoin price soared to about $1,400 higher than that of other exchanges, revealing substantial purchasing pressure. Recognized for hosting cash-settled Bitcoin futures contracts, the […]
Introduction Traditional investors often turn to mutual funds for wealth generation, a practice expected to extend into the crypto market. However, the scarcity of crypto mutual funds in the U.S. prompts the exploration of alternatives. This report outlines the top five blockchain investment alternatives available in 2024. Our Pick: Bitcoin Strategy ProFund (BTCFX) While the […]
Nigerian cryptocurrency analyst Rume Ophi clarified that the recent lifting of the CBN ban would boost Nigeria’s foreign crypto investments and contribute to the employment of local talent in Web3 and the crypto industry. Despite the Central Bank of Nigeria (CBN) lifting restrictions on Nigerian banks facilitating cryptocurrency transactions, the crypto license requirements set by […]
In December, Bitcoin miners achieved their peak monthly revenue for the year, reaching $1.51 billion. Furthermore, this month saw a record-breaking fee collection, with miners securing $324.83 million in onchain transaction fees. Bitcoin Miners Achieve Unprecedented SuccessIn December 2023, a new milestone was reached in monthly revenue generated by Bitcoin (BTC) miners through block discovery […]
BTCUSD Holds Above the $42,000 Threshold BTCUSD holds firm and keeps securing its position above the $42,000 threshold. Despite a robust bullish trajectory from October to early December being restrained beneath the $45,000 resistance level, Bitcoin has resiliently pulled back and maintained a foothold above $42,000. BTCUSD Key Levels Supply Levels: $45,000, $47,570, $50,000Demand Levels: […]
CryptoQuant data shows that Bitcoin miners are actively selling their mined coins at a pace exceeding their production rate. According to the data, miners are capitalizing on the current high price of Bitcoin, which has surged by more than 12% in the last 30 days, according to CoinMarketCap. The data reveals that miner reserves, measuring […]
