Investor demand, onchain metrics and network activity are setting up ether (ETH) to reach a $5,000 level for the first time, CryptoQuant analysts said in a report. Ether spot ETFs posted a 13-day inflow streak on Wednesday to reach nearly $2 billion in cumulative net inflows. The funds attracted their first billion from July to … Read more
Vancouver, British Columbia’s city council has passed a motion to explore the possibility of accepting bitcoin (BTC) for payment of taxes and fees as well as establishing a bitcoin reserve. The motion, prepared by Mayor Ken Sim, calls for “diversifying the City of Vancouver’s financial reserves and payment options to include bitcoin.” “It would be … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market is looking to maintain the bullish momentum ignited by Wednesday’s U.S. CPI report, which matched estimates and cleared the path for another Federal Reserve rate cut next week. BTC has retaken $100,000 and ether is again eyeing $4,000. A number of tokens, including … Read more
Bitcoin (BTC), the largest cryptocurrency by market capitalization, is fighting a big milestone trying to sustain a $2 trillion market cap and a $100,000 price. Once bitcoin has conclusively overcome these milestones, there may be clear skies ahead. Bitcoin has rallied over $30,000, since Donald Trump won the U.S. election in November, which coincided with … Read more
Shares of bitcoin miner Hut 8 (HUT) jumped nearly 12% in pre-market trading amid social media speculation that it is building a data center with Facebook owner Meta Platforms (META). The shares climbed to just under $30 as of 10:00 UTC. The CoinShares Valkyrie Bitcoin Miners ETF (WGMI), which offers broad exposure to the BTC … Read more
The Pudgy Penguins NFT collection is keeping Web3 hopes afloat in a sea of dead NFT projects and a generally muted collectibles market. The non-fungible token set became the world’s second most-valued NFTs on Wednesday, with the minimum — or floor — price for any of the 8,888 comic penguins topping $100,000 and flipping the … Read more
Bitcoin (BTC) traders could be in for another thrilling ride. A key technical indicator that presaged November’s price surge is positioned precisely as it was then, signaling a potential volatility explosion ahead. That indicator is the Bollinger bandwidth, a tool used to gauge impending changes in market jumpiness. For bitcoin, the bandwidth has narrowed to … Read more
Assetera, a Polygon-powered MiFID-licensed trading venue for blockchain-based securities in Europe, has listed Backed Finance’s tokenized assets, offering non-U.S. investors to gain exposure to trackers linked to some of the most sought-after U.S. companies. The initial launch includes tokenized trackers tied to the Nasdaq-listed Coinbase (COIN), one of the largest crypto exchanges in the world, … Read more
Crypto wallets connected to the Trump family-supported World Liberty Financial project purchased millions of dollars worth of various major tokens early Thursday, causing their prices to rocket. World Liberty Financial is a unified platform where users can borrow and lend cryptocurrencies, create liquidity pools and transact with stablecoins. WLFI serves as a governance token for … Read more
Only 0.55% of Microsoft (MSFT) shareholders voted for a proposal to put bitcoin (BTC) on the company’s balance sheet, according to a recent company filing with the Securities and Exchange Commission. The proposal to add bitcoin to Microsoft’s balance sheet was put to a shareholder vote on November 10 and was put forward by the … Read more