The price of the cryptocurrency Bitcoin was down more than 6% at close to $60,000 on Monday 24th June 2024 – its lowest level in more than a month and about 17% from its March 2024 record. In the past week, it’s fallen more than 10%. Crypto investment products reportedlyRead More →
Bitcoin exchange-traded funds (ETFs) debuted in January 2024, yet their adoption by financial advisors has reportedly been sluggish. Advisors’ hesitations stem from Bitcoin’s price volatility and its relatively brief history. Bitcoin ETFs serve as a conduit between cryptocurrency and conventional finance. According to a BlackRock spokesperson – financial advisors areRead More →
Bitcoin’s price has experienced a dip, struggling to maintain above the $66,000 mark. It started the week on a decline after a not-so-good weekend, with its volatility making it challenging to hold its price level. Despite this, Bitcoin recorded a minor gain on Monday 17th June 2024, in early trade, withRead More →
Bitcoin miners have been diversifying operations into artificial intelligence (AI) due to several key factors. Since Bitcoin halving, miners have been searching for more lucrative income streams as AI and crypto industries collide. Revenue shift The revenue from crypto mining, especially Bitcoin, has significantly decreased in recent months. After the ‘BitcoinRead More →
Cryptocurrency Exchange Traded Funds (ETFs) have been issued by three Chinese companies: Bosera Asset Management, China Asset Management and Harvest Global Investments, all on the Hong Kong exchange. These are the first ETFs to be issued in Asia. ETFs enable investors to gain exposure to the price movements of theRead More →
Bitcoin halving is a significant event in the cryptocurrency world What is Bitcoin Halving? Bitcoin halving, which happens roughly every four years, cuts the rate of new Bitcoin creation by half. This event is tied to the method of recording and generating Bitcoins. Transactions are logged on a blockchain, a ledgerRead More →
Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, is reportedly considering Bitcoin as a potential investment. With an impressive $1.4 trillion in assets under management, the GPIF’s exploration of Bitcoin represents a notable departure from its conventional investment approach. This development occurs during a significant increase inRead More →
Bitcoin extended its slide on Tuesday 19th March 2024, dropping more than $10,000 from its all-time high last week. The cryptocurrency went below $63000. Last week it climbed to a record $73679. The move helped drag other cryptocurrencies lower. Ether lost more than 5% and was recently trading at $3,287.58 after topping $4,000 lastRead More →
Bitcoin has been on a remarkable ascent! It soared past the $72,000 mark on Monday 11th March 2024, setting a new all-time record. This surge is attributed to a growing demand for new spot exchange-traded funds (ETFs), which have been approved for listing in the U.S. by some of the world’s largest financial firms. Read More →
The relentless volatile march of Bitcoin continues… again! Bitcoin jumped gain, edging ever closer to its all-time high after the rally took a breather over the weekend. Last week, Bitcoin surged $10,000 in the space of a couple of days. It looks very much like the ETFs are kicking in duringRead More →
Bitcoin halving is an event that occurs approximately every four years, when the reward for mining Bitcoin transactions is reduced by 50%. This means that the number of new Bitcoins created and entering circulation is also cut in half. Bitcoin mining Bitcoin mining is the process of using computers toRead More →
Bitcoin’s price leapt 10% in just two days and on Monday 26th February 2024, surpassed $54,000 for the first time since December 2021 The gains came on the back of MicroStrategy disclosing another large purchase of about 3000 Bitcoins for $155 million. Analysts see a flow of funds into BitcoinRead More →
The value of all the Bitcoin market capitalization, on Wednesday 14th January 2024 climbed above $1 trillion for the first time since late 2021, according to CoinMarketCap data. Bitcoin also broke through the 51000 level, marking the first time it has hit this value since December 2021. The price riseRead More →
What a difference a day makes Bitcoin climbed to touch $49,000 after the SEC recently gave the go ahead for the Bitcoin ETF. The last time I checked it was at $39,000 (23rd January 2024). Oh, dear me – the dramatic pain of volatility. Bitcoin volatility has increased after theRead More →
Bitcoin rose in volatile trading on Thursday 11th January 2024 after the Securities and Exchange Commission gave the green light for the first-ever spot Bitcoin ETFs to trade in the U.S. Approval The Bitcoin ETF approval is a massive achievement for the crypto industry as a whole, which first attempted to launch aRead More →
Cathie Wood says $1.5 million Bitcoin bull case is now more likely Ark’s Invests Cathie Wood said the approval of Bitcoin Exchange-Traded Funds (ETF) in the U.S. convinced her even more that the world’s largest cryptocurrency ‘Bitcoin’ could hit her crazy bullish target of $1.5 million. For her bull case, theRead More →
After years of regulatory rejection, the U.S. Securities and Exchange Commission on Wednesday 10th January 2024 finally approved the Bitcoin EFT. It has approved what are known as ‘spot’ Bitcoin Exchange-Traded Funds (ETFs), which can be purchased by anyone from pension funds to retail investors. This now means that some of theRead More →
Bitcoin jumped briefly on Tuesday 9th January 2024 after a post on the U.S. markets SEC regulator’s ‘X’ account post said it had approved the Exchange-Traded Funds (ETF’s) in the cryptocurrency. This was a big news event for the cryptocurrency community and for the wider investment world. Large and smallRead More →
Crypto related stocks climbed Monday 8th January 2024 as the price of Bitcoin increased again to its highest level since April 2022. Crypto exchange Coinbase rose 3%, while Block and Robinhood, which also offer Bitcoin trading services, added 3% and 5%, respectively. Mining stocks enjoyed gains too: Marathon Digital and Riot Platforms advanced some 8% each. CleanSpark and Iris Energy both added 6%. ETF decisionRead More →
Bitcoin surged Monday and Tuesday 1st and 2nd January 2024, climbing above $45,000 to hit its highest level in nearly 21 months, as the rally in cryptocurrencies continues. Other cryptocurrencies have joined in the rally, with Ether and Solana both rising. Traders are anticipating the potential approval of a bitcoinRead More →
A $5000 fall in 24 hours. Bitcoin fell 7% Monday 11th December 2023 after touching $45,000 demonstrating its aptitude for volatility. A $5000 fall in 24 hours. The move comes after a 12% tear for Bitcoin in December 2023 as expectations grew that the U.S. could soon approve its first spotRead More →
Bitcoin extended its rally overnight, climbing past the $41,000 level for the first time since May 2022. The price of Bitcoin quickly soared above $41,000 easily taking out $40,000. The cryptocurrency is up around 13% over the past month and up more than 130% year to date. But the priceRead More →
Bitcoin rose to a new high for 2023 on Thursday 9th November 2023 as optimism around a potential Bitcoin ETF approval continued to build. The price of the Bitcoin rose more than 6% to climb above $37000 for the first time since May 2022. It touched $37900 before drifting back slightly. Ether wasRead More →
The price of Bitcoin breached the $34,000 level to hit its highest value since May 2022, encouraged by optimism around the possibility of a Bitcoin ETF. Bitcoin was trading at one point on Tuesday morning, 23rd October 2023 touched $34,940 before pulling back. Bitcoin one month chart October 2023 AnticipationRead More →
Warren Buffett is one of the most successful investors in the world, but he is also one of the most vocal critics of Bitcoin. Opinion not all agree These are some of the opinions that Warren Buffett has expressed about Bitcoin over the years. However, not everyone agrees with him,Read More →
Bitcoin ETF approval? The price of Bitcoin is influenced by many factors, such as supply and demand, market sentiment, news events, regulations, and technical analysis. One of the recent news events that affected the price of Bitcoin was the speculation about the approval of a Bitcoin ETF by the U.S.Read More →