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Bitcoin (BTC) News


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Bitcoin

Analysts urge not to panic over bitcoin retreat

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Bitcoin made a historic breakthrough in the middle of this week. On some trading floors, the coin was close to $ 67,000. The weakening of traders' activity led to a decrease in the BTC volatility index. According to ByBt, this figure fell to 3.63% on October 22, the lowest level since the middle of...

Texas

Texas firefighters retirement fund invested in BTC and ETH

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More and more financial institutions are not only looking at bitcoin and other digital currencies but are also investing in such innovative tools. One of the Texas pension funds has invested in bitcoin and Ether. The Houston Firefighters Pension Fund acquired $ 25 million worth of cryptocurrencies...

Walmart CoinStar Bitcoin ATMs

Walmart Allows Purchasing Bitcoin via ATMs

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Leading retail company Walmart hosts Bitcoin ATMs to allow store visitors to buy Bitcoin at its numerous US-located stores. For this purpose, Walmart hosted machines from Coinstar, a company that provides services of coin conversion to cash. Coinstar, cooperating with the first U.S. state-licensed...

Bitcoin Ethereum Elon Musk

Ethereum Hit New ATH, Elon Musk Reacted to Bitcoin Surge

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The price of Ether could overcome the resistance around $4.000 and set a new record. Over the last 24 hours, the price of the token went up by around 9%, hitting a new all-time high of $4.366. The surge happened a day later after Bitcoin's set ath of $66.930. Currently, the global crypto market cap...

JPMorgan Bitcoin price

JPMorgan Says BTC Surge Is a Result of Inflation Concerns

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Experts at the leading financial institution JPMorgan say that Bitcoin's surge is connected with concerns over inflation and not ETFs. As reported by Bloomberg, Managing Director at JP Morgan Nikolaos Panigirtzoglou and other strategists are of the opinion that the release of ProShare's Bitcoin ETF...

Icahn

Billionaire Carl Icahn calls Bitcoin insurance against inflation

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Icahn Enterprises founder Carl Icahn warned of an impending crisis and announced the protective properties of bitcoin against inflation. In the past, a bitcoin skeptic has expressed fears about the devaluation of the dollar and said there is a high chance of unwinding an inflationary spiral due to...

Vaneck Bitcoin etf approved

VanEck Gets the SEC's Approval to Release a Bitcoin ETF

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Major international investment company VanEck is going to release its Bitcoin futures ETF on Oct. 25. The US SEC validated the company's filing to release the product after Oct. 23. VanEck's ETF will go live on the Cboe BZX under the ticker XBTF. It will allow investments in cash-settled...

Bitcoin all-time high

Bitcoin Hit a New All-Time High Surging Over $66.000

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Over the last 7 days, the price of Bitcoin increased by over 20.5%, hitting a new high of over $66.200 today. The coin's market cap is over $1.2 trillion. A day earlier, the first U.S. Bitcoin ETF went live. ProShare's futures-based trading product saw high interest, surpassing $1 B in trading...

Bitcoin

Pantera Capital analysts predict weaker bitcoin volatility

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According to analysts at Pantera Capital, in the medium term, the range of Bitcoin price fluctuations will gradually decrease. In a note prepared for investors, Pantera Capital CEO Dan Morehead wrote that drops and jumps in the exchange rate of 80% or more are going to become a part of history...

BTC

Bitcoin retreats as part of the correction

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On the eve of Bitcoin (BTC), short-term soared in the price above $ 62,000. However, on Monday evening, the coin again went down. The correction returned to the market. It was inevitable, as the situation escalated to the limit on the eve of the launch of Bitcoin ETF futures. As a reminder, this...

Nayib Bukele

President of El Salvador spoke about the results of BTC legalization

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In early September, a law came into force in El Salvador recognizing bitcoin as a legal tender. The adoption of this landmark document was initiated by the country's President Nayib Bukele. He periodically tweets about the process of adopting cryptocurrency by the citizens of El Salvador. At the...

Bitcoin whales statistics

The Number of BTC Whales Holding 100-1000 Coins Has Surged

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Data from Glassnode show that the number of Bitcoin biggest whales has declined, hitting its all-time low. On October 17, the number of BTC addresses holding 10.000 coins or less fell to 82, which is its lowest level since December 2012. However, it's worth mentioning that back then the price of...

BTC

Bitcoin starts a new week above $60,000

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The value of Bitcoin (BTC) has surged over the past few days to its highest level since mid-April 2021. Last weekend, the cryptocurrency managed to gain a foothold at the $ 60,000 level, and now it is trying to break even higher. The cryptocurrency capitalization now exceeds $ 1.143 trillion....

Grayscale Bitcoin Trust ETF

Grayscale Considers Converting Its BTC Trust Into an ETF

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Digital currency investing company Grayscale intends to turn its BTC Trust into a spot ETF (exchange-traded fund). Barry Silbert, the CEO of Digital Currency Group (DCG), Grayscale’s parent company, allowed the possibility. As an answer to the question by The Investor's Podcast co-founder, crypto...

Jack Dorsey Square

Jack Dorsey Revealed Plans for Creating a BTC Mining System

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CEO of American digital payments provider Square, Jack Dorsey said that the firm is thinking over the development of a Bitcoin mining system to provide more opportunities for individuals and enterprises to participate in the network. By doing so, Square will get closer to its hardware wallet model,...

Bitcoin ETF ProShares

ProShares Bitcoin Futures ETF Will Start Trading on Oct. 18

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The U.S. Securities Exchange and Trading Commission (SEC) verified the first Bitcoin ETF. During the last 4 years, the agency denied a number of such applications. According to the filing, published by the SEC, American provider of exchange-traded products (ETPs), ProShares will issue the BTC...

Bitcoin up to $60.000

Sen Lummis Is Grateful for BTC While the Coin’s up to $60 K

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The price of Bitcoin surpassed $60.000 for the first time since May. In the last 24 hours, the coin's price went up by around 5%. Several factors boosted the BTC price. One of them is the possibility of the first Bitcoin ETF launch in the US next week. Another factor is that viewing crypto as an...

SEC Bitcoin ETFs

US SEC May Approve the First BTC Futures ETF Next Week

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The US Securities and Exchange Commission won't block Bitcoin Futures ETFs from beginning to trade in the following week. As sources familiar with the subject told Bloomberg, the agency is likely to give a green light to the first BTC ETF product. BTC futures enable getting access to the coin...