Bitcoin Price Fluctuates on News that Fed is Winding Back Inflation
With rising inflation in response to the pandemic and lockdowns, the Federal Reserve has finally decided to slow the money printer. As of this month, the central bank has indicated that it will begin to pull back its monthly bond purchase program of $120 billion, which was previously disclosed. While the news was welcomed by […]
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 […]