Crypto Greed Index Hits 7-Month High as Bitcoin Tops $81K
The Crypto Fear and Greed Index reached “Extreme Greed” with a score of 78, its highest since April, as Bitcoin surged past $81,000. This marks peak market optimism amid anticipation of the 2024 halving event. Nov. 10 marked the highest level of “greed” in nearly seven months for the Crypto Fear and Greed Index, which […]
Bitcoin Price Rises Amid Political Developments
Bitcoin ETFs saw significant accumulation following Trump’s candidacy announcement, with BlackRock’s fund surpassing $34.3 billion. This surge highlights positive market sentiment, as experts watch political and ETF-driven impacts on cryptocurrency prices. Trump’s Statements on Bitcoin BTC experienced a substantial increase in value subsequent to Donald Trump’s victory over Kamala Harris last week. Trump identified himself […]
Ethereum Price To Hit $10K as BTC Eyes $200K Rally
Standard Chartered predicts Ethereum could hit $10,000 by 2025 and Bitcoin $200,000 soon, following Trump’s win and a Fed rate cut. Standard Chartered has made a bold prediction that the price of Ethereum is likely to reach $10,000 in the near future. This statement has sparked excitement in the midst of the continuing climb. In […]
California Revokes BlockFi’s Lending License Two Years Post-Bankruptcy
Bankrupt and now defunct BlockFi has entered into a settlement in which it has consented to the revocation of its license and to cease unsafe practices. The California Department of Financial Protection and Innovation (DFPI) has permanently revoked the license of BlockFi, a bankrupt cryptocurrency lender, two years after the company declared bankruptcy. On November 7, […]
Coinbase Launches cbBTC on Solana
Coinbase launched cbBTC, a Bitcoin-backed SPL token on Solana, with Coinbase as custodian. Coinbase has now announced that cbBTC will be the first token on Solana to have Bitcoin backing. Coinbase is the custodian of the newly created SPL token, which has a 1:1 backing from Bitcoin. Users will have an easier time gaining access […]