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The activist investor has previously mostly steered clear of any involvement in crypto. Bill Ackman (Bryan Bedder/Getty Images ) Pershing Square Capital Management founder and CEO Bill Ackman turned some of his attention to Bitcoin(BTC)on Saturday afternoon, cheekily suggesting a scenario in which the price for the world's largest crypto could soar far higher than anyone might imagine. "Bitcoin price...
Bitcoin has already climbed to new all-time high while ether is lagging, but previous market cycles suggest change is coming. ETH price on March 7 (CoinDesk) Bitcoin "sucked up all the attention" recently, but ether could more than double from current prices this year, a Bitwise analyst said. The upcoming Dencun upgrade and excitement around spot ETF applications are key...
Bitcoin's new all-time high Tuesday quickly turned into a bloodbath, flushing out overzealous leveraged traders. Bitcoin price action on March 5 (CoinDesk) Bitcoin hit a fresh all-time high of $69,200 on Tuesday, then tumbled to as low as $59,700 in a violent sell-off. The correction triggered cascading liquidations, flushing out over $1 billion worth of leveraged derivatives positions across all...
One part community, one part prediction market, the meme coin that borrows the former president's likeness is a troll project that became serious. One day, the Donald Trump-themed MAGA coin, which surged nearly 400% over the last month according toCoinGecko data, and boasts a market cap of over $285 million, might enter the meme coin hall of fame alongside the...
Bitcoin Blasting Toward Biggest Monthly Gain in 3 Years The cryptocurrency has more room to run, analysts say. (NASA) Bitcoin is poised to close February with a 44% gain, its largest monthly advance since December 2020. Bitcoin demand via U.S.-listed spot bitcoin ETFs is met with constrained supply, dominated by long-term holders unwilling to sell, Galaxy's Alex Thorn said. Bitcoin(BTC)is...
Spot bitcoin ETFs again booked a strong day, recording over $2 billion in daily trading volume but slightly fell short of Monday's record. (Jim Henderson, modified by CoinDesk) BlackRock's IBIT traded $1.35 billion on Tuesday, surpassing Monday's record daily volume. U.S.-listed spot bitcoin ETFs attracted $520 million in net inflows Monday as bitcoin rallied to $57,000. BlackRock's spot bitcoin(BTC)exchange-traded fund...
Blast, in an X post, termed the projectâs potential as âundeniable,â which may have created a sense of security among investors. (fikry anshor/Unsplash, modified by CoinDesk) Blast ecosystem experienced the first rug pull event as RiskOnBlast, a gambling and exchange platform, disappeared with over 420 ether raised from retail traders. RiskOnBlastâs anonymous team sent nearly $500,000 to ChangeNow, $360,000 to...
Users on X pointed out that Trumpâs recent change in tune toward Bitcoin could be just an election-related tactic to attract crypto-focused voters. Former United States President Donald Trump has changed his tune on Bitcoin. From making anti-Bitcoin statements and calling it a scam during his tenure as president, Trump now says BTC is something he can live with and...
Bloomberg exchange-traded funds analyst Eric Balchunas noted a particular uptick in volume for HODL and BTCW (Sophie Backes/Unsplash) Bitcoin(BTC)exchange-traded funds posted the most trading since their debut in the U.S. last month. Volume amounted to nearly $2 billion, the highest total since the first day of trading on Jan. 11, Bloomberg Intelligence senior ETF analyst Eric Balchunas noted on X....
Ethereum co-founder Vitalik Buterin has shared his enthusiasm for AI in helping to identify potential flaws in Ethereumâs codebase. Ethereum co-founder Vitalik Buterin says artificial intelligence (AI) could be crucial to solving one of Ethereumâs âbiggest technicalâ risks: bugs buried deep within its code. In a Feb. 18poston X, Buterin shared his excitement for AI-powered auditing to identify and fix...