First leveraged MicroStrategy ETF Debuts in US
The ETF might provide more leveraged exposure to Bitcoin, particularly for institutional investors trying to diversify their holdings. The first Bitcoin-related leveraged exchange-traded fund (ETF) has launched in the United States, marking a significant milestone in institutional cryptocurrency adoption. The new leveraged MicroStrategy ETF, MSTX, aims to provide 175% long daily exposure to MicroStrategy. Sylvia […]
Bitcoin ETF Trading Volume Tops $1B Amid Crypto Crash
Due to the collapsing markets and an 8% decline in Bitcoin ETF prices, high trading activity of Bitcoin ETFs was responsible for this surge. Alex Thorn, head of research at Galaxy Digital claimed in a post on the X platform that trading volumes for Bitcoin exchange-traded funds (ETFs) jumped beyond $1 billion at the start […]
Bitcoin Transaction Fees Hit Four-year Low
Bitcoin Transaction fees reached a four-year low on July 7, dropping to $38.69. Miners continue to generate profits due to the decreased computational power requirements. On July 7, the average fees associated with each Bitcoin transaction reached their lowest point in four years, at $38.69. This figure was last observed at the height of the […]
Bitcoin Wallet Surfaces From Dormancy Amid Price Decline
A Bitcoin wallet has reemerged after over two years of dormancy, containing over $2.6 million in secured funds. More Bitcoin (BTC) addresses have awoken from their extended dormancy periods in the past few days. Their reactivation has prompted apprehension among crypto enthusiasts. Reactivation of Numerous Dormant Addresses The crypto community has been alerted to the […]
More Bitcoin Price Consolidation Ahead-John Bollinger Predicts
John Bollinger, a legendary trader, has predicted that the ongoing Bitcoin price consolidation would not clear anytime soon. The week is nearly concluded, and the price of Bitcoin (BTC) may not meet the expectations of numerous investors. In the past 24 hours, the coin has maintained its consolidation movements, reaching a low of $60,612.59. Bitcoin […]