ProShares launches its Bitcoin ETF on NYSE
The first Bitcoin (BTC) futures-linked exchange-traded fund (ETF) to trade on the New York Stock Exchange began trading at a price of $40 per share. Following the news, the price of Bitcoin rose to a five-month high of $63,293. ProShares’ Bitcoin Strategy ETF, the first exchange-traded fund to give U.S. investors direct exposure to cryptocurrency […]
Analysis shows Bitcoin bulls hodl strong despite a five-month price high
Despite the Bitcoin markets soaring to a five-month high, long-term Bitcoin investors are reluctant to sell, according to on-chain analytics firm Glassnode. Glassnode reported in its “Week on Chain” report on Oct. 11 that “long-term holders ” – BTC wallets with no withdrawals for more than 155 days now own approximately 13.3 million BTC or […]
Ark Invest’s CEO predicts Bitcoin price will increase by tenfolds in the next five years
Cathie Wood, CEO of Ark Investment, believes BTC and ETH values will continue to rise as institutions adopt crypto, she also reiterated her prediction that the price of Bitcoin will increase tenfold in the next five years. According to Wood, Bitcoin will be worth about $500,000 by 2026. Ark Investment’s future crypto exposure, she indicated, […]
Bitcoin price dips below $43K in minutes
Bitcoin price had a sudden drop in the space of few minutes, making it one of the most volatile days, some people believe it is the activities of whales selling some of their holdings. An $8,000 daily loss leaves the market shaking its head on one of the most volatile days in Bitcoin since the […]
Bitcoin Market: Tops $50,000 for First Time Since May
For the first time in more than three months, bitcoin returned to $50,000 . On Sunday evening, bitcoin rebounded to the $50,000 level, a significant price level as the crypto market continues to recover from its spring crisis and subsequent summer slump. The market capitalization of the world’s largest cryptocurrency has now reached $50,000. According […]