CRYPTO
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Bitcoin Sell-Off Pushes IBIT Investor Returns Into the Red, CIO Says
Bitcoin’s sharp decline over the weekend has likely pushed the aggregate investor position in the largest spot Bitcoin exchange-traded fund (ETF) into negative territory, underscoring the severity of the recent downturn. According to Bob Elliott, chief investment officer at asset manager Unlimited Funds, the average dollar invested in BlackRock’s iShares Bitcoin Trust (IBIT) is now underwater following Friday’s close. The…
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Bitcoin Drops Under $85,000 as Macro Assets Fall Worldwide
Bitcoin (BTC) fell to two-month lows Thursday as crypto joined stocks and precious metals in a snap sell-off. Key points: Bitcoin dives below $85,000 as macro assets suddenly tumble from record highs. Gold and silver shock market watchers as nerves over global financial stability grow. BTC price action faces an uphill struggle to avoid “Bearadise” at the monthly close. Gold…
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Will Bulls Buy The Dip?
Key points: Bitcoin is attempting a recovery, but higher levels are likely to attract solid selling by the bears. Several major altcoins are at risk of breaking below their support levels. Bitcoin (BTC) bounced off the $86,000 level, but the bulls are struggling to sustain the higher levels. That shows selling on rallies. Although analysts are divided about the near-term…
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French Authorities Investigate Data Breach of Crypto Tax Platform
A local news outlet reported that a hacking group called the Shiny Hunters sent ransom demands to Waltio after seizing personal data from about 50,000 users. Authorities in France have started a preliminary investigation into a breach of cryptocurrency tax platform Waltio that could have compromised users’ personal data. According to a Thursday notice by French cybersecurity authorities, the Paris…
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Will Traders Buy The Dip?
ETH sold off at the weekly open, but its net taker volume metric turned positive for the first time in years. Will bulls take notice of the signal and attempt to press Ether price higher? Ether (ETH) derivatives data has begun to highlight a structural shift. After nearly three years of sell-side dominance, ETH’s net taker volume has turned positive,…
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BTC Reserve Is a ‘Priority’ but Legalities Hinder Process
Progress is being made toward establishing a Bitcoin (BTC) strategic reserve in the United States, but “obscure” legal provisions are holding up the process, according to Patrick Witt, the director of the White House Crypto Council. Several government agencies are discussing the legalities and regulatory issues of establishing a Bitcoin strategic reserve, including the Department of Justice (DOJ) and the…
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SEC Closed its 2023 Probe into Privacy Coin
The investigation into Zcash, launched with an SEC subpoena over a “matter of certain crypto asset offerings,” ended this week, according to the foundation. The foundation behind Zcash (ZEC) said that the US Securities and Exchange Commission (SEC) will not pursue an enforcement action into the privacy coin after the end of an investigation launched in 2023. In a Wednesday…
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BitMine’s Total Staked ETH Holdings Surpass 1 Million
Crypto treasury company BitMine Immersion Technologies (BMNR) staked an additional 86,400 Ether (ETH) on Saturday, valued at about $268.7 million at the time of this writing, crossing the 1 million staked ETH milestone. The 86,400 ETH was staked in four separate transactions, according to data from crypto market analytics platform Arkham Intelligence; this brings BitMine’s total to 1,080,512 staked ETH,…
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Coincheck Group to Acquire Digital Asset Manager 3iQ in $112M Stock Deal
Coincheck Group, the Nasdaq-listed holding company behind one of Japan’s largest cryptocurrency exchanges, has agreed to acquire a 97% stake in Canadian digital asset manager 3iQ from its majority owner, Monex Group. The stock-purchase transaction values 3iQ at $111.84 million, using Coincheck Group shares priced at $4 each. Coincheck Group said it intends to offer the same terms to 3iQ’s…
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Price predictions 1/5: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, BCH
Bitcoin and several major altcoins have continued their march higher, indicating improving investor sentiment and sustained demand from the bulls. Source link
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