In a recent report by Bloomberg analyst Jamie Coutts, it was revealed that asset managers’ interest in Bitcoin goes beyond traditional investments like exchange-traded funds (ETFs). Specifically, Coutts points out that BlackRock, one of the largest asset managers globally, has been involved in the Bitcoin mining sector for over three years. This revelation comes as
Bitcoin
Litecoin (LTC) has had a relatively uneventful week, trading within a narrow price range around the $64 mark. The overall sentiment in September has been bearish, with sellers dominating the market. While Litecoin is known for its volatility, recent times have seen it mirroring Bitcoin’s sideways movement. As of the latest data, Litecoin is currently
The price of Ethereum (ETH) is currently attempting to recover from a low of $1,565 against the US Dollar. However, it may face difficulties in surpassing the $1,600 mark and could potentially resume its decline. As of now, Ethereum is gradually moving higher towards the $1,600 resistance zone. Nevertheless, it remains trading below $1,600 and
Dogecoin (DOGE) has been experiencing an extended period of stagnation, reflecting the ongoing struggle between the bulls and bears for control of the market. This prolonged phase of inactivity has lasted for over a month, indicating a short-term consolidation stage. As the cryptocurrency market remains volatile, DOGE enthusiasts and investors are eagerly searching for signs
The past week has been marked by caution among Bitcoin traders, leading to a decline in trading volumes both in spot trading and Bitcoin derivatives. This decline in trading activity raises questions about the future price of Bitcoin. This article delves into the significance of falling trading volumes and their potential impact on the cryptocurrency
As the cryptocurrency community eagerly awaits the US Securities and Exchange Commission’s (SEC) decisions, the future of the crypto industry hangs in the balance. One key decision the SEC is expected to make is whether or not to appeal the ruling in its case against asset manager Grayscale. The deadline for an appeal is October
Ethereum, the second-largest cryptocurrency, is currently facing downward pressure, with its price dropping below $1,600. However, recent on-chain data reveals an interesting development. A prominent crypto whale, known as “0xb154,” has moved a substantial amount of Ethereum from Binance, a popular cryptocurrency exchange, to a non-custodial wallet. On September 21, the whale transferred over $8.1
The future trajectory of the Bitcoin price may not be as smooth as many have predicted, according to crypto analyst Nicholas Merten. In a recent episode of his YouTube channel DataDash, Merten highlighted several macro factors that could potentially disrupt the crypto market and cause significant volatility. Merten pointed out the direct correlation between equities
Bitcoin has recently experienced some upward movement, surpassing the $27,000 level. However, it has not been able to maintain sustained momentum above this threshold. While the cryptocurrency has observed a net growth of over 3% in the past week, surpassing other leading coins such as Ethereum, Cardano, and Dogecoin, the inability to build upon these
Solana (SOL) has recently caught the attention of former Goldman Sachs executive Raoul Pal, who believes it is one of the standout altcoin choices and a potential rival to Ethereum’s dominance in the cryptocurrency market. In a recent interview, Pal praised Solana for its unique strengths, particularly its exceptional speed and performance, which have even