Cryptocurrency

Bitcoin and other cryptocurrencies are performing well in the US equity markets due to robust economic growth and potential annual inflation slowdown. The S&P 500 Index (SPX) increased by 1.06% last week, advancing closer to the psychologically significant mark of 5,000. Bitcoin rose 2.56% to $43,126, at the time of …

While cryptocurrencies, like Bitcoin, saw a slight increase on Friday, they continued to trade at relatively low levels ahead of the weekend. A significant event for the stock market that may also affect cryptocurrencies will unfold next week.After swinging back and forth in recent days between the psychologically significant $40,000 …

JPMorgan has downgraded Coinbase to underweight, citing the disappointing performance of Bitcoin ETFs. The launch of spot bitcoin ETFs last year was expected to lead to a new era for cryptocurrencies, with mainstream money expected to flood the space. However, the bank cut its rating to underweight from neutral, with …

A $3 billion arbitration lawsuit has been made against Bulgaria by cryptocurrency lender Nexo, which claims the nation has ruined its reputation and closed off business prospects. December 2023 saw a money laundering investigation into the company by Bulgaria’s prosecutor’s office, which allows the buying and selling of cryptocurrency. Claiming …

Due to the persistent threat of a deflationary economic downturn and the concerns of the real estate market, foreign investors are seen withdrawing their cash from China, which has resulted in continued currency devaluation. The most recent steps Beijing has taken to address the problem pose a downside risk to …

Bitcoin (BTC-USD) is a type of cryptocurrency that does nothing, said JPMorgan Chase CEO Jamie Dimon who said he would advise his clients not to get involved in Bitcoin (BTC-USD), or in any of the new ETFs that were approved last week.Those include Grayscale Bitcoin Trust (GBTC), Blackrock’s iShares Bitcoin …

Following the introduction of eleven bitcoin exchange-traded funds (ETFs) in the United States, the cryptocurrency saw a notable decline on Friday, capping a week of positive growth. The majority of the cryptocurrency market was down as the price of bitcoin fell by about 6% to $44,022.22. But on Thursday, it …

As the volatile 2023 concludes, the Ethereum market price recovers remarkably, forming an ascending triangle pattern in the weekly chart. Buyers are attempting a bullish breakout fueled by the recent October rally of 2023. If buyers manage to cross the Ethereum market value above $2200, the bull run continuation can …

Bitcoin price continued surging amid positive developments in Spot Bitcoin ETF applications. BlackRock filed an S-1 amendment, a registration statement that the SEC requires issuers to file ahead of new securities offers. On-chain researchers said that there were symptoms of anxiety among bitcoin dealers, which helped the price of BTC …

Investors were hoping for a spot BTC ETF approval in January over the weekend. Altcoins such as Axie Infinity’s AXS tokens, ApeCoin’s APE, and Enjin Coin’s ENJ have all seen a surge in value since the release of the GTA 6 trailer. Illuvium’s ILV token and Aptos’ APT token, which …