Bitcoin Price Prediction as BTC Gets Rejected From $38,000 Level – Time to Buy the Dip? The Bitcoin (BTC) price is pulling back aggressively after once again rejecting resistance at the $38,000 level earlier on Thursday. BTC was last changing hands in the $36,300s, down more than 4% on the day, but still well within this week’s $35,000-$38,000 ranges. Bitcoin’s failure to break higher comes after the SEC delayed its decision on an application from Hashdex to convert its Bitcoin futures exchange...

US SEC to Decide on Two Spot Bitcoin ETFs by Nov. 17 The U.S. Securities and Exchange Commission is scheduled to announce its decisions on two Bitcoin exchange-traded funds (ETFs) by Nov.17, according to Bloomberg Intelligence. Okay, we're nearing in on deadline dates for 3 spot #Bitcoin ETF applications. I want to get ahead of it because there's a pretty good chance we'll see delay orders from the SEC. Delays WOULD NOT change anything about our views & 90% odds for 19b-4 approva...

Best Crypto to Buy Now November 14 – Frax Share, Polygon, Immutable Frax Share’s recent market surge has positioned it as one of the best cryptos to buy now with a not insignificant 25.55% price increase so far in the month. Polygon and Immutable are also drawing attention, with Polygon experiencing a 37% surge in the past three weeks and Immutable gaining momentum following its inclusion in Amazon’s ISV Accelerate Program. Additionally, Bitcoin ETF Token and Bitcoin Minetrix stand out as two po...

Bitcoin Price Prediction as US Core Inflation Rate is Announced – Is the Bear Market Officially Over? Bitcoin (BTC) is trading at daily lows in the $36,100s in wake of the release of the latest US inflation figures for October, despite the numbers coming in lower than expected across the board. The headline Consumer Price Index (CPI) showed prices remaining flat in October, less than an expected rise of 0.1%, and rising at a rate of 3.2% YoY, less than the expected 3.3%. The Core CPI, which is m...

Institutional Investors Flock to Bitcoin Pushing Inflows Past $1 Billion in 2023 Total inflows into traditional investment funds backed by crypto have finally passed the $1 billion mark for the year, after last week saw investors flocking to Bitcoin. For the week as a whole, crypto investment funds recorded inflows of $293 million, bringing the year-to-date inflows to an impressive $1.14 billion, according to the latest data from crypto research and investment firm CoinShares. The massive yearly...

Bitcoin Price Prediction – $120,000 by End 2024 Says Top Bank But Bitcoin ETF Token Reels in $500,000 And Can Explode 10x Monday, November 13, 2023 – The Bitcoin price predictions are rolling in, and among the most bullish is $120,000 by the end of 2024 from Standard Chartered Bank – but Bitcoin ETF Token has raised $500,000 and could gain 10x at launch. Since Sunday, the crypto industry has been focused on the opening of an eight-day window that the US Securities and Exchange Commission (SEC)...

Best Crypto to Buy Now November 13 – Celestia, Klaytn, Filecoin Major blue-chip crypto markets are mixed on Monday, with Bitcoin (BTC) dipping back into the mid-$36,000s and Ether (ETH) mounting a challenge of the $2,100 level once again, while most other major altcoins also pull back ahead of the release of key US inflation and retail sales figures later in the week. The data will have a bearing on market expectations for how much more, if any more tightening the US Federal Reserve will embark...

Bitcoin Miners’ Daily Profits Top $44 Million, Reaches Highest Point Since April 2022 The cryptocurrency market has recorded soaring prices in recent weeks sparking wins spanning across miners’ profits, decentralized finance (DeFi) numbers, and larger investor appetite. Global Bitcoin (BTC) miners have seen mining profits soar to new highs following a long span of negative results due to plunging asset prices and low demand characterized as the crypto winter. According to data from blockchain.co...

Bitcoin Price Prediction as BTC Experiences a Pullback to $37,000 – Time to Buy the Dip? After briefly dipping below the $37,000 level late on Saturday, the price of Bitcoin (BTC) has recovered back into the low $37,000s, where it continues to trade around 2% lower versus the 18-month highs it hit earlier in the week near $38,000. Despite the pullback, Bitcoin remains on course to close out the week with solid gains in the region of 6%. The cryptocurrency, which saw its market capitalization sur...

Bitcoin Price Prediction as $20 Billion Sends BTC Toward $40,000 – Has the Bull Market Started? The Bitcoin (BTC) bulls are taking a breather on Saturday, with the cryptocurrency moving sideways just below the yearly highs it printed earlier this year near $38,000, with BTC last changing hands for around $37,150. The cryptocurrency remains on course to post a strong weekly gain of around 6% as traders digest various bullish narratives like optimism about upcoming spot Bitcoin ETF approvals in th...

Bitcoin Price Prediction as BTC Market Cap Climbs Above $700 Billion for the First Time in 17 Months – Bull Market Back? A near 8% surge in the price of Bitcoin (BTC) in the past seven days has seen its market capitalization jump by more than $50 billion to above $700 billion for the first time in seventeen months. The cryptocurrency’s market cap was last around $729 billion, corresponding to a BTC price of around $37,300, its highest level since prior to the collapse of the Terra blockchain in ...

Today in Crypto: Mining BTC For Free, Bitdeer is Preferred CSP in NVIDIA Partner Network, Gucci in The Sandbox Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. _ Mining news A public mining company mined bitcoin for free in Q3, according to the latest Miner Weekly report by BlocksBridge Consulting. It said that Riot Platforms reported a negative $6.1k cost for mining bitcoin (BTC) due to the power curtailm...

Here Are 3 Reasons Why Now is a Good Time to Buy Bitcoin Last trading in the $35,300s and only just below recent yearly highs in near $36,000, Bitcoin (BTC) is up a stunning more than 110% on the year. Having been as much as 77% down from its all-time highs when it fell into the $15,000s last year, Bitcoin has now managed to erase these losses to an impressive less than 50%. Its recovery has come as a surprise to many analysts and crypto critics who declared Bitcoin and the broader cryptocurrenc...

Top Crypto Gainers Today on DEXTools – SNAPCAT, SATS, PEPEGO Blue-chip cryptocurrencies like Bitcoin (BTC), Ether (ETH), XRP (XRP) and BNB (BNB) are consolidating on Tuesday as traders take stocks of gains in recent weeks and eye commentary from Fed policymakers later in the week. But with US stocks pushing up and US government bond yields looking like they want to continue the recent reversal lower from multi-decade highs, macro looks set to remain a tailwind. Bitcoin was last trading just abov...

Cathie Wood’s Ark Invest Continues to Sell Grayscale Bitcoin Trust Holdings, Buys Block’s Shares Ark Invest, led by Cathie Wood, has adjusted its portfolio by buying shares in Jack Dorsey’s Block Inc and selling portions of its Grayscale Bitcoin Trust holdings. Ark’s purchase, involving its flagship ARK Innovation ETF, ARK Next Generation Internet ETF, and Ark Fintech Innovation ETF, purchased 113,326 shares of Block Inc. with a worth of $5.61 million. The transaction was based on Block’s clos...

Top Crypto Gainers Today on Uniswap – SNAPCAT, PEPETA Bitcoin (BTC) is consolidating in the mid-$34,000s, as market participants digest Friday’s weaker-than-expected US jobs report, which caused a dump in US government bond yields and the US Dollar Index (DXY), and a pump in US stock prices. Weaker yields/USD and stronger stock prices tend to boost crypto prices, but Bitcoin is still trading close to 1.0% lower on the day as a result of profit-taking in wake of the cryptocurrency’s recent stunni...

Cathie Wood Bets on Bitcoin Over Gold and Cash as Deflation Hedge for Next Decade Cathie Wood has reiterated her confidence in Bitcoin as the go-to asset as hedge against deflation over the next decade. Wood picked Bitcoin over traditional safe havens like gold or cash. Wood believes that deflation is on the horizon, despite the markets’ current focus on heightened inflation risks driven by emerging technologies and innovations. Cathie Wood Picks Bitcoin for 10-Year Investment Over Gold and Cas...

U.S. Authorities Seize $54 Million Worth of Crypto from a Drug Ring Leader The U.S. Attorney’s Office is aiming to recover $54 million of crypto in Ethereum from Christopher Castelluzzo, a convicted drug distributor. On Nov. 2, U.S. Attorney Philip R. Sellinger filed a civil forfeiture action. The goal is to reclaim the seized cryptocurrency. This crypto is linked to Castelluzzo’s illicit narcotics distribution scheme in and around New Jersey. “The civil action we are taking today seeks to recov...

Swiss Bank SGKB Partners with SEBA for Crypto Custody and Trading Services Switzerland’s fifth largest cantonal bank, St.Galler Kantonalbank (SGKB), has partnered with SEBA Bank to offer custody and trading services for Bitcoin and Ethereum. SGKB announced that the service is initially available to a select group of wealth-management clients at SGKB with future plans to expand the offering to retail customers soon. Christian Bieri, Head of B2B and Custody Solutions at SEBA Bank, said in an inter...

MicroStrategy Acquires Additional 155 Bitcoin Worth $5.3 Million in October The prominent business intelligence and software company MicroStrategy reaffirmed its unwavering dedication to Bitcoin with the recent acquisition of an additional 155 BTC at a total cost of $5.3 million. On November 1, MicroStrategy’s chairman and founder, Michael Saylor, revealed that the company acquired an additional 155 bitcoins for $5.3 million in October. This announcement comes at a time when Bitcoin’s price has ...

Top Crypto Gainers Today on Uniswap – Blue chip cryptocurrencies have been choppy on Wednesday, with the US Federal Reserve just issuing its latest monetary policy decision, in which it decided to leave interest rates unchanged at 5.25-5.5% whilst leaving the door open to further interest rates hikes, should they be required. Bitcoin (BTC) was briefly able to break back to the north of the $35,000 level earlier in the session but was last trading within recent intra-day ranges just above $34,500...

XRP Price Prediction as XRP Jumps 7% and Whale Moves $17 Million in Assets – What’s Going On? XRP (XRP), the cryptocurrency that powers the XRP Ledger launched by US fintech firm Ripple Labs back in 2011, has jumped nearly 8% in the past seven days, with more than 3.5% of these gains coming in the last 24 hours after XRP hit $0.60 for the first time since mid-August on Tuesday. XRP has been in a strong uptrend since finding support at its 200DMA last week, and after breaking above a $0.46-$0.55i...

Vanguard Has No Plans to Join Asset Management Rivals in Pursuing Bitcoin ETFs: CEO Tim Buckley Asset management firm Vanguard has revealed that it will not be joining its competitors in pursuing a spot Bitcoin exchange-traded fund (ETF). While rivals like BlackRock and Fidelity have pending applications for Bitcoin ETFs, Vanguard CEO Tim Buckley stated in a recent interview with CNBC that his firm has no plans to follow suit. “We won’t be pursuing a bitcoin ETF. It’s just like we don’t use gold...

DeFi Market Soars to $42 Billion, Rises by $6.2 Billion in Just Two Weeks – Is The Bull Market Here Again? The digital asset market has recorded several wins this month with Bitcoin (BTC) hitting a 16-month high and surging activities around decentralized finance (DeFI) applications. According to data from DefiLlama, the total value locked (TVL) on DeFi protocols has soared to $42 billion, marking a three-month high, gaining $6.2 billion from its $35.8 billion standpoint two weeks ago. The whoop...

Bitcoin Is Up Over 120% From 2022’s Lows – Here Is How High It Could Pump This Bull Market Just under one year ago, the Bitcoin (BTC) market was in turmoil as panicky investors dumped their holdings in wake of the collapse of the cryptocurrency exchange FTX. On November the 21st 2022, the BTC price hit its lowest level since late 2020 under $15,500, marking a 77% pullback from the all-time highs it hit in November 2021 at $69,000. Whilst the collapse of FTX was the catalyst for Bitcoin’s final d...

El Salvador’s Pro-Bitcoin President Registers for Re-election in 2024 El Salvador’s President, Nayib Bukele has formally filed for re-election in next year’s polls, a move critics say is against the country’s constitution. Bukele and his running mate Vice President Ulloa officially registered as his party’s candidate before the deadline on Thursday, described as a last-minute spectacle following hospitalization rumours. ???????? El Salvador’s President Nayib Bukele to stand for re-election. He...

George McDonaugh is the CEO and Co-Founder of KR1 plc, the London listed cryptocurrency and blockchain investment company. Facebook’s Libra, Twitter, Digital Fiat, and China Let’s look at some macro trends circling the esoteric inner core of this ongoing technological revolution. First up there’s Facebook’s Libra, which currently is a swirling mass of confusion. It’s clearly become a major part of the world’s biggest social media giant’s roadmap and they’re throwing a lot of resources at it. Fo...

Tobias Adrian is the Financial Counsellor and Director of the International Monetary Fund's (IMF) Monetary and Capital Markets Department. Tommaso Mancini-Griffoli is a Deputy Division Chief in the same Department. _ Central Bank Digital Currencies (CBDC) is a complex and multidisciplinary topic requiring active analysis and debate. It raises questions related to monetary policy, central banking operations, and payment systems—as well as financial stability and legal foundations and regulation. ...

The popular oft-debated narrative of Bitcoin (BTC) as a safe haven is being tested yet again, following the U.S. strike in Iran. (Updated at 17:00 UTC: updates in bold). Iranian Major-General Qassem Soleimani, head of the elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis were killed in an air strike on their convoy in Baghdad airport by the U.S. airstrike late on Thursday, reports Reuters. Veteran war-zone correspondent and political analyst Elijah J. Magnier posted a Twitter t...