Bitcoin Nearly Hits $43K, Trades at 10-Day High

“Bitcoin price action has continued to whipsaw between a wider range of $38 – $47,000 which has thus far remained intact since the beginning of the year,” said Tammy Da Costa, analyst at DailyFX, “Due to the high correlation recently seen between bitcoin and tech stocks, there was a degree of concern about how crypto […]

GBTC premium nears 2022 high as SEC faces call to approve Bitcoin ETF ‘people really want’

Things are looking up for the United States’ largest institutional Bitcoin (BTC) product by asset holdings as pressure mounts on regulators. Data from on-chain monitoring resource Coinglass confirms that as of April 21, the Grayscale Bitcoin Trust (GBTC) is rebounding toward 2022 highs. Grayscale CEO: “‘If’ not ‘when’” for U.S. Bitcoin spot ETF After a […]

BTC price hits 10-day high as trader says $42K is where Bitcoin ‘gets interesting’

Bitcoin (BTC) bulls kept up the pressure on April 20 as the Wall Street open saw a return to $42,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $42,000 proves troublesome Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $42,220 on Bitstamp, its highest since April 11. After adding as much as 9.3% versus local […]

Solana’s STEPN hits record high as GMT price skyrockets 34,000% in over a month

STEPN (GMT), a so-called “move-to-earn” token using the Solana (SOL) blockchain, has soared incredibly since its market debut in March. GMT’s price jumped from $0.01 on March 9 to a record high of $3.45 on April 19 — a 34,000% upside move in just 41 days (data from Binance). Its massive uptrend appeared primarily due […]

BTC could drop to $30K in 2 weeks, trader warns as gold goes for $2K high

Bitcoin (BTC) is in line for a relief bounce but still risks dropping all the way to $30,000 before May, a new analysis warned on April 18. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 dive is April “risk” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $39,000 on April 18 as bearish […]

US Inflation Jumps to Fresh 4-Decade High of 8.5% in March

The headline CPI, which includes prices for all items basic for living such as food, housing, car, energy, consumer products, is now at its highest since December 1981, the Labor Department said Tuesday. Analysts and economists had estimated an 8.4% inflation rate in March, according to the FactSet database. Source link

High Praise For Strike As Bitcoin Lightning Integration Expands Payments Frontier

The Bitcoin conference in Miami has come with a number of remarkable announcements. These have all been towards propelling the digital asset forward in terms of adoption and its utility as a mode of payment. Most notable of these recent announcements however have been that of payment processor Strike. CEO Jack Mallers announced in Miami […]

Litecoin transactions near an all-time high after gaining ground in consumer finance

The number of Litecoin (LTC) transactions has rebounded to over 140,000 in recent days after falling close to the 100,000 mark in early October. Three days prior, the Litecoin Foundation tweeted about the launch of its LTC Visa ebit card, powered by fintech firm Unbanked.  According to the card’s homepage, potential customers would first register […]

Litecoin hits 6-month high as LTC price soars 20% in 24 hours

Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest levels for LTC/USD since May 2021, amid a wider cryptocurrency market rally that analysts attribute to inflation fears. #Bitcoin, #Ether hit records, exceeding Oct high, amid broad rally in cryptocurrencies. Low real yields, need for inflation hedges are shaping markets. — […]

Inflows to Canadian Bitcoin ETFs hit all-time high: Glassnode

Canadian Bitcoin (BTC) exchange-traded fund (ETF) holdings have increased to all-time highs, according to recent research, and spot-based products are leading the way. Canadian Bitcoin ETFs have increased their holdings by 6,594 BTC since January to reach an all-time high of 69,052 BTC held. The Purpose Bitcoin ETF saw the biggest increase in holdings over that time period, […]