Category Archives: Finance

Advertisements Financial services company Matrixport said it expects the SEC to reject all ETFs applications this month. Bitcoin slid 8% on Wednesday as jitters around the anticipated approval of a spot bitcon (BTC) ETF began to enter the market. The slump retraced the entire upside move that occurred on Jan. 1, spurring the liquidation ofContinue reading “Bitcoin Slumps as $400M Liquidated in Two Hours”

Advertisements Some investors have bought the “No side shares” of the prediction contract to hedge against potential delays in the SEC’s approval of spot ETFs. Traders from the decentralized prediction platform Polymarket seem confident one or more exchange-traded funds (ETFs) that invest in bitcoin (BTC) will go live in the U.S. within two weeks. AtContinue reading “Polymarket Traders See 89% Chance of SEC Approving Spot BTC ETF by Jan. 15”

Advertisements Early investors in MSTR can consider taking profit as shares appear overvalued and could fall by 20%, according to 10x Research. Investors wondering what’s next for shares in business intelligence firm MicroStrategy following this year’s 343% surge may want to look at what 10x Research, led by Markus Thielen, who predicted this year’s BTCContinue reading “Stock of Bitcoin’s Biggest Public Holder is Overvalued by 26%, Analyst Who Predicted BTC Rally Says”

Advertisements Bitcoin’s dominance by futures open interest has declined to 38% from nearly 50% two months ago. Crypto traders are increasingly looking to alternative cryptocurrencies as 2023 draws to a close. The dollar value locked in the number of active futures contracts tied to bitcoin now accounts for 38% of the market-wide notional futures openContinue reading “Bitcoin’s Share in Crypto Futures Trading Slides as Altcoin Profits Allure Traders”

Advertisements Overall crypto market capitalization crossed the $1.7 trillion mark on Wednesday for the first time since May 2022. Bitcoin (BTC) neared the $44,000 level early Thursday and reversed some losses, which were caused by the sudden drop in U.S. stocks on Wednesday. The S&P 500 index closed 1.42% lower, impacting riskier assets such asContinue reading “Bitcoin Climbs Near $44K as U.S. Stocks Nurse Biggest Three-Month Loss”

Advertisements In a recent note, the Singapore-based digital assets trading firm said expects topside resistance for bitcoin in the $45k-$48.5K region. The January launch of a bitcoin (BTC) spot exchange-traded fund (ETF) is expected to face subdued demand initially, which could lead to a ‘sell the news’ scenario, Singapore-based QCP Capital wrote in a recentContinue reading “Bitcoin Could Retract to $36K Before Uptrend Resumes, QCP Capital Says”

Advertisements Marathon said the acquisitions will reduce the cost per coin mined by around 30%. Bitcoin miner Marathon Digital (MARA) said it will buy two new mining sites from subsidiaries of lending firm Generate Capital for $178.6 million. The acquisition, which will add 390 megawatts of capacity, will be paid in cash from Marathon’s balanceContinue reading “Bitcoin Miner Marathon Digital to Buy New Mining Sites for $179M”