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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 (Chip Somodevilla/Getty Images) U.S President Joe Biden signed a veto of a House Joint Resolution that would have repealed...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...
The likely GOP flag bearer in the upcoming U.S. presidential election signaled his friendliness to crypto at a Mar-a-Lago event earlier this month. Donald Trump at an NFT event at Mar-a-Lago on May 8, 2024. (Danny Nelson/CoinDesk) Donald J. Trump's presidential campaign on Tuesdaybegan accepting crypto donations, making good on the presumptive Republican nominee's pledge to become the first major...
On-chain indicators such as the Bitcoin MVRV Z score, Puell Multiple and hodl waves paint a bullish picture for Bitcoin investors. Despite crypto markets having consolidated sideways for the past three months, at least five on-chain indicators suggest the bull market may just be getting started, according to an analyst. Since the end of February, the total market capitalization of...
The stock was the second worst performing among crypto stocks on Thursday. Shares of Coinbase dropped nearly 8% to $202.49 during U.S. morning hours on Thursday. (Alpha Photo/Flickr) Shares of Coinbase fell nearly 8% on Thursday to a price of $202.49. The drop came after a report from the Financial Times that futures exchange CME was considering offering spot bitcoin...
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