Cryptocurrencies News
- Bob Mason
Grayscale Bitcoin Trust (BTC) outflows slowed on Wednesday and Thursday, supporting a BTC return to $42,000 and cryptos amidst US lawmaker scrutiny.
- Ibrahim Ajibade
An Industry report shows how the Stock market crash and Evergrande housing crisis triggered increased cryptocurrency and Bitcoin trading within China.
- Bob Mason
BTC and the broader crypto market were in negative territory this week. Profit-taking and easing bets on a March Fed rate hike likely contributed.
- Ibrahim Ajibade
On Monday, Jan 15, Venezuela announced a decision to phase out its government-backed cryptocurrency, Petro (PTR), just five years after it was first launched in February 2018.
- Ibrahim Ajibade
Key Insights: Bitcoin (BTC) price soared 6% on Monday to hit the $47,000 mark for the first time since April 2022, amid positive developments surrounding the Bitcoin spot ETF application process. The BTC price rally came as markets reacted positively to a statement issued by SEC Chairman Gary Gensler. While
- Ibrahim Ajibade
US-based Asset Management firms are expected to file Ripple (XRP) ETF applications with the SEC in April 2024, with a possible launch before the year end.
- Bob Mason
It has been a choppy week for the crypto market. Rumors of the SEC planning to reject or delay approvals sent the crypto market into negative territory.
- Ibrahim Ajibade
Bitcoin-weighted sentiment index provides clues into the dominant expectations among crypto investors, following Wednesday’s sell-off.
- Ibrahim Ajibade
Bitcoin (BTC) price plunged by 7% Wednesday morning, sinking as low as $41,804.95 amid rumors that the SEC could reject Spot BTC ETF applications.
- Bob Mason
A ruling from the SEC v Terraform Labs case impacted buyer appetite for cryptos. However, progress toward the BTC-spot ETF market remains a tailwind.
- Bob Mason
The SEC vs. Ripple case entered its third year, with Coinbase also in the courts. Progress toward a crypto-spot ETF market contributed to BTC gains this week.
- Ibrahim Ajibade
Argentina’s new government has “ratified and confirmed” that contracts denominate in Bitcoin can be officially recognized by the country’s courts.
- Bob Mason
Increasing scrutiny of the US digital asset space and the SEC countered the positive effects of dovish FOMC projections to leave cryptos in the red.
- Bob Mason
The crypto market continued to respond to BTC-spot ETF-related news, countering anti-crypto rhetoric from Capitol Hill.
- Bob Mason
The US courts highlight more untoward SEC actions in its regulation by enforcement maneuvers while Coinbase had an impressive November.
- Ibrahim Ajibade
On Tuesday, Binance Founder Changpeng Zhao confirmed his exit as CEO. While a successor has been announced, the market sentiment remains pensive.
- Bob Mason
It was a mixed Monday to Friday for the crypto market. XRP was underwater as investors reacted to the latest court schedule, while DOGE was on the move.
- Bob Mason
Crypto-spot ETF-related news remained the focal point. However, investor uncertainty about the SEC v Ripple case left XRP trailing the broader market.
- Bob Mason
Bitcoin spot-ETFs, XRP and Ripple, the WSJ article, and the SEC were in the spotlight. The Sam Bankman-Fried verdict got the Friday headlines, however.
- Bob Mason
BTC-ETF market news fueled demand for cryptos. However, XRP trailed amidst fear of the SEC appealing the Programmatic Sales ruling.