Tag: markets

VanEck will join ProShares and launch the second ever bitcoin-linked ETF in the United States.VanEck is the latest asset manager to receive approval by the SEC for its bitcoin-linked offering.The VanEck Bitcoin Strategy ETF (XBTF) is set to go live on Monday, October 25.At the moment, that will be the second listing of a bitcoin futures ETF in the U.S.,...

Today, the price of Bitcoin hit a brand new all time high of $66,000 and the Twitter and Square CEO is taking notice.The price of Bitcoin is absolutely ripping on this fine Wednesday morning, and Twitter and Square CEO Jack Dorsey has definitely taken notice....

History is made, Bitcoin crossed a new all time high! Let’s recap the price movement throughout the past couple years to see how we got here.Pop out the champagne, because we’re celebrating Bitcoin hitting a brand new all-time high of $65,000! We’ve come a long way these past two years, so let’s quickly recap how we got here and what we’re looking...

Long-term bitcoin holders typically stack sats in bear markets and then sell some for profit at the local price top.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...

The ProShares Bitcoin Strategy ETF debuted with the second-highest trading volume of ETF launch history.First bitcoin futures ETF listed in the U.S. amassed over $1 trillion in trading volume in its first day of trading.The NYSE-listed ProShares Bitcoin Strategy ETF gained 4.85% from its $40 opening price, closing at $41.94.This was the second-biggest ETF debut of all time in terms...

The same day that a Bitcoin futures ETF gets publicly listed on the NYSE in the U.S., bitcoin hits a new all-time high against the euro.At the time of writing, Bitcoin has hit a new all-time high (ATH) against the Euro ($EUR) at €54,603.15. At the same time, BTC only needs a 2% move up to break a new ATH against the...

The first ever bitcoin-based ETF in the United States has started trading this morning, amassing $250 million in 15 minutes.First bitcoin ETF in the U.S. has gone live in the NYSE under the ticker BITO.The ProShares Bitcoin Strategy ETF invests in bitcoin futures instead of holding actual spot BTC.A second bitcoin futures ETF is set to start trading this week....

Today’s low interest rate climate is one that further reduces the opportunity cost of holding base, fiat money — a fallacy fixed by Bitcoin.“After the U.S. experience during the Great Depression, and after inflation and rising interest rates in the 1970s and disinflation and falling interest rates in the 1980s, I thought the fallacy of identifying tight money with high interest rates...

Excessive money supply and rising inflation could lead to an U.S. market meltdown, he said, a perfect setup for Bitcoin.Excessive money supply and rising inflation could negatively affect U.S. markets, billionaire Carl Icahn said.“In the long run we are certainly going to hit the wall,” Icahn said. “I really think there will be a crisis the way we are going, the...

Bloomberg received a listing action from Valkyrie Funds for their bitcoin futures ETF, its analyst James Seyffart said.Bloomberg received a listing action from Valkyrie Funds for their bitcoin futures ETF.The Valkyrie Bitcoin Strategy ETF could begin trading on Wednesday or Thursday after ProShares’ bitcoin futures ETF starts trading tomorrow.However, there is still one last step...

Brazil is not following El Salvador's example; here's a breakdown of the country's cryptocurrency bill.Brazil is not making bitcoin a legal tender.The Brazilian "virtual asset" bill seeks to define virtual assets and virtual asset services providers and increase investor protection by increasing regulation.The Central Bank of Brazil is more focused on developing its CBDC, the digital...

As the world’s most liquid asset, bitcoin’s price volatility in times of economic crisis likely reflects its independence, not lack of faith.In March 2020, major stock market indexes saw some of the worst price collapses in decades, as markets confronted the realities of the COVID-19 pandemic. Bitcoin was no exception to these economic strains....