BlackRock, a global investment firm with $11.5 trillion in assets under management, has added its Bitcoin exchange-traded fund (ETF) to its model portfolio product, according to a Feb. 28 report from Bloomberg. Portfolios that allow for alternative assets will be able to put a 1%–2% allocation into the firm’s iShares Bitcoin ETF Trust (IBIT), potentially … Read more
Two big themes dominated the crypto news this week: sagging asset prices and the official end of the SEC’s enforcement “mania.” On the former: Bitcoin, which rose steadily from about $70,000 following November’s election, fell precipitously. In early-hours Feb. 28, the price had dipped below $80,000. CoinDesk’s Market Index, which tracks the broader digital assets … Read more
Bitcoin (BTC) dropped close to $78,000 on Feb. 28, but lower levels attracted solid buying by the bulls. CryptoQuant founder and CEO Ki Young Ju said in a post on X that selling after a 30% correction could be a “noob” mistake as Bitcoin rose to a new all-time high after falling 53% in 2021. … Read more
Bitcoin’s (BTC) price dropped to a new yearly low of $78,258 on Feb. 27, leading some analysts to suggest that the cryptocurrency is now in an optimal purchasing zone. Bitcoin 1-day chart. Source: Cointelegraph/TradingView Bitcoin’s 60-day RCV hints at low-risk accumulation Crazzyblock, a Bitcoin trader and verified analyst on CryptoQuant said that Bitcoin’s 60-day RCV … Read more
The Chicago Mercantile Exchange (CME) Group, a globally recognized derivatives exchange, announced it will launch Solana (SOL) futures contracts on March 17, pending a review by United States financial regulators. According to the Feb. 28 announcement, market participants will have access to micro contracts of 25 SOL or standard contract sizes of 500 SOL, and … Read more
Since reaching all-time highs on Jan. 20, Bitcoin’s price has been suppressed by hedge funds exploiting a low-risk yield trade involving spot exchange-traded funds (ETFs) and CME futures, signaling once again that institutional adoption of crypto assets isn’t a one-way street. This is the general takeaway of analyst Kyle Chassé, who dissected the latest Bitcoin … Read more
CME Group, the world’s largest derivatives marketplace, plans to introduce Solana (SOL) futures on March 17, expanding its suite of cryptocurrency derivatives, it said in a press release on Friday. The new contracts, pending regulatory review, will allow traders to manage SOL price risk with two contract sizes: 25 SOL and 500 SOL. “With the … Read more
Bitdeer Technologies (BTDR) said it bought 50 bitcoin (BTC), taking the opportunity to build its stash as the price of the largest cryptocurrency looked set for its worst month since June 2022. In a tweet, the bitcoin mining company said it paid an average of $81,475 per bitcoin. This purchase takes Bitdeer’s total bitcoin treasury … Read more
Bitcoin (BTC) recrossed $82,000 into the Feb. 28 Wall Street open as analysis pointed to a March BTC price comeback. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price pushes past $82,000 on PCE relief Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing more than 5% from its latest multimonth lows of $78,197 on Bitstamp. … Read more
Opinion by: Zain Jaffer, co-founder of Vungle Artificial intelligence is the latest frontier in the centralization vs. decentralization battle. As Bitcoin and Ethereum were built to resist government and corporate control, so are crypto AI projects pushing back against Big Tech’s growing dominance over AI models. The question is: Can they compete, or are they … Read more