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Mining stocks outperformed bitcoin in the first half of the month as investors reacted positively to news of Core Scientific’s AI deal with CoreWeave, the report said. U.S.-listed bitcoin miners reached a record total market cap of $22.8 billion in June: JPMorgan (Eliza Gkritsi/CoinDesk) The aggregate market cap of the 14 U.S.-listed bitcoin mining stocks the bank tracks hit...
Tomorrow's Fed "dot plot" of interest rate projection and forward guidance by Chairman Powell will be key for what's next for the digital asset market, K33 Research said. Bitcoin price on June 11 (CoinDesk) Cryptocurrencies tumbled deeper into correction on Tuesday with bitcoin (BTC)dipping to near $66,000 as traders brace for Wednesday's key U.S. inflation report and Federal...
Most ETF inflows are likely part of a non-directional strategy, not outright bullish bets. Math. (damirbelavic/Pixabay) ETF Inflows appear to be a part of non-direction cash and carry strategy and do not necessarily represent outright bullish bets. Stablecoin inflows have slowed as well. Crypto market observers are in flux as bitcoin's spot price continues to coil in a narrow range...
Favorable payroll data could open the way to $80,000 per bitcoin by end-June, Standard Chartered’s Geoffrey Kendrick said in a Thursday note. Trump poster for 2024 election. (Jon Tyson/Unsplash) Bitcoin’s value could potentially reach $150,000 by the end of 2024. This is based on the assumption that Donald Trump’s U.S. election victory would be a positive boost for the crypto...
After a period of flat to negative flows, the spot ETFs have added $2.4 billion in assets over the past month, according to data from Bloomberg Intelligence. The spot bitcoin ETFs saw inflows totaling $2.4 billion over the past month. (viarami/Pixabay) The U.S.-traded spot bitcoin ETFs added $2.4 billion worth of bitcoin over the past month. This streak follows a...
Joe Biden said he would veto the resolution before the House or Senate voted on it. President Joe Biden made good on his vow to veto Congress' effort to overturn a controversial crypto accounting policy from the Securities and Exchange Commission. (Chip Somodevilla/Getty Images) U.S President Joe Biden signed a veto of a House Joint Resolution that would have repealed...
The U.S. presidential candidate spoke at Consensus 2024 Robert F. Kennedy Jr., the U.S. presidential candidate, spoke at a press conference Thursday atConsensus 2024in Austin, Texas. Here are some of his comments: Donald Trump's guilty verdict "I'm going to talk about issues of broader concern. I want to focus on the economic issues and the health issues. That's what my...
It was about one year ago when regulators first approved a leveraged bitcoin ETF. A leveraged ether ETF will begin trading on June 4 (gopixa) The Volatility Shares 2x Ether ETF (ETHU) will become the first leveraged ether(ETH)ETF available in the United States, with the companyposting on its websitethat trading will begin on June 4.. The launch will come roughly...
Ethereum Meme Coins PEPE, MOG Hit Lifetime Highs on Ether ETF Filing Approvals (Danny Nelson/CoinDesk) Two Ethereum ecosystem tokens, PEPE and MOG, climbed to new highs on the back of U.S. ether ETF filings approvals, with traders treating them as beta bets. Open interest in futures for the tokens increased, suggesting new money entering the market, though the long-to-short ratio...
"A week ago, I would've said you were a little crazy to think that these ETFs were going to get SEC approval," a Bloomberg analyst said. The Securities and Exchanges Commission (SEC) on Thursday approved 19b-4 forms filed by issuers looking to launch a spot ether exchange-traded fund (ETF), marking a key step forward in bringing the fund on the...