TagBlackRock

11 months ago

Ethereum’s Surge in 2023: Breaking Barriers and Setting New Heights

By John Molten
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14November

Ethereum (ETH), the second-largest cryptocurrency, has experienced a significant uptick in its price over the past month, soaring to a year-to-date high of $2,139. This surge is partly attributed to the broader bullish wave in the crypto market and BlackRock’s involvement in filing for a spot ETH exchange-traded fund (ETF). Notably, ETH has outperformed Bitcoin (BTC) and many altcoins recently, marking a shift in market dynamics, as indicated by data from market provider Kaiko. Despite earlier struggles to gain momentum, even with successful upgrades like The Merge, Ethereum’s...

11 months ago

3 Reasons Why Investing in Bitcoin Now is a Timely Move

By John Molten
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09November

Bitcoin’s remarkable recovery and burgeoning signs of a new bull market present compelling reasons for considering an investment in the cryptocurrency. This article explores three persuasive factors suggesting why now is an opportune time to buy Bitcoin. The End of the Bear Market: A New Crypto Spring Recent trends and analyses indicate that the grueling Bitcoin bear market of 2022 has finally ended, ushering in a new phase of growth. Bitcoin’s recovery aligns with its roughly four-year market cycle, characterized by a significant pullback followed by a surge to new highs over the...

11 months ago

Valkyrie Revamps Bitcoin ETF Application: A Leap Towards Crypto Accessibility

By John Molten
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05November

Extended Summary: Valkyrie Investments has made significant strides in the cryptocurrency space by amending its application for a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). This strategic move is aimed at providing traditional investors with a novel opportunity to invest in Bitcoin through common shares, which are slated to be traded on the Nasdaq Stock Market under the ticker symbol “BRRR.” Valkyrie joins the ranks of other prominent asset managers such as BlackRock, Fidelity, and Bitwise in revising their Bitcoin ETF applications. However, the SEC...

11 months ago

Bitcoin Whales on a Buying Spree: Over $1 Billion Acquired in Just 5 Days

By John Molten
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02November

Recent on-chain data reveals a trend of aggressive accumulation of Bitcoin (BTC) by whales, with over 30,000 BTC, roughly $1 billion, purchased in just five days. Crypto analyst Ali highlighted this significant activity on Twitter, suggesting a growing interest from major investors in the cryptocurrency. The surge in Bitcoin ETF applications seems to have sparked this increased appetite, especially among institutions and Bitcoin whales. Data from IntoTheBlock, a blockchain analytics platform, supports this, showing a spike in institutional activity and large transactions over $100,000 on the...

11 months ago

Erroneous ETF Approval Announcement Triggers Frenzy in Crypto Markets

By John Molten
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22October

In a recent turn of events, the cryptocurrency market witnessed a whirlwind of activity following an erroneous announcement regarding the approval of BlackRock’s Bitcoin Exchange Traded Fund (ETF). The misinformation, which quickly spread like wildfire, led to a sharp spike in Bitcoin’s price from $27,900 to $30,000, showcasing the hypersensitivity of the crypto market to regulatory news. The fake news surfaced on various social media platforms and crypto-centric news outlets, which reported the supposed approval of BlackRock’s Bitcoin ETF by the U.S. Securities and Exchange...