Bitcoin whales are showcasing resilience and unwavering bullish sentiment towards the flagship cryptocurrency. Amid heightened price volatility, these investors have accumulated substantial amounts of Bitcoin over the past seven days. According to market intelligence platform IntoTheBlock, Bitcoin addresses holding between 1,000 to 10,000 BTC have collectively added 20,000 BTC ($1.4...

Recent data reveals that Bitcoin spot market ETFs have experienced nine straight days of inflows, totaling over $1 billion. According to data from London-based investment firm Farside Investors, Bitcoin ETFs have seen positive inflows every day since May 14, amounting to more than $1.75 billion. The largest inflows were recorded...

Recent U.S. economic activity data indicates that the Federal Reserve is likely to keep interest rates unchanged for most of the year, leading to an anticipated downturn in Asian stock markets mirroring the decline in U.S. equities. Futures for indices in Australia, Japan, and Hong Kong opened with drops exceeding...

Nvidia reached an all-time high yesterday while other assets experienced capital outflows in the market. This surge followed the company’s better-than-expected first-quarter earnings for 2024, with revenues soaring to $26 billion, marking an 18% increase over the past three months. Nvidia’s robust performance has driven a 262% year-over-year revenue increase,...

On Thursday, the pathway for a spot Ethereum (ETH) exchange-traded fund (ETF) became clearer as the U.S. Securities and Exchange Commission (SEC) approved a critical regulatory document, marking a significant milestone for the second-largest cryptocurrency. Despite this progress, trading of these ETFs is not yet permitted. The SEC approved the...

Bloomberg analysts have raised the probability of a spot Ethereum ETF approval by May 23rd to 75%. As the U.S. election approaches, the crypto industry might become a political battleground for both parties. The SEC, currently under Democratic control, risks political capital if it denies the Ethereum ETF. Conversely, the...

BitMEX co-founder Arthur Hayes predicts that the Federal Reserve and the Bank of Japan (BOJ) will be key drivers in pushing Bitcoin’s price to $1 million. He foresees these central banks hitting the “easing button” to rescue struggling Asian currencies. In an article published on Monday, Hayes emphasized the significance...

U.S. asset management firm VanEck’s application for a spot Ethereum ETF has been added to the Depository Trust & Clearing Corporation (DTCC) maintenance list, under the trading symbol ETHV. This follows the Cboe Exchange’s revised 19b-4 form submission. Bloomberg ETF analyst previously explained that this step is part of the...

Former U.S. President Donald Trump has announced that his campaign to reclaim the White House will begin accepting Bitcoin donations. This groundbreaking decision, revealed in a press release on his website Tuesday afternoon, marks a significant shift in campaign fundraising. Trump’s campaign team is poised to stir controversy with this...

Bitcoin’s price has surged back to $70,000, attempting to reclaim its recent historical high. Despite this upward movement, small wallets continue to sell their holdings. Small Wallet Sell-off Amid Accumulation by Larger Investors The overall accumulation of BTC continues, indicating that while small investors are selling, larger investors or institutions...