The emanation of the Bitcoin ETF in North America has been a good event but the US is still not sure of when their first Bitcoin ETF will see the light of the day.
The reported profit estimates from Tesla’s Bitcoin purchase may appear attractive to other publicly traded companies in the United States and beyond.
Elon Musk said that the Bitcoin (BTC) price was high as it crossed $53,000 levels and hit over $1 trillion valuations. However, Bitcoin bulls continue to take the price higher with the next immediate target at $60K.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements. Feb 21
The bullish sentiment in the overall cryptocurrency market is currently at new highs making Bitcoin (BTC) the first crypto asset to have trillion-dollar valuations. With this, Bitcoin becomes the sixth most valued asset in the world.
Bitcoin is quickly outpacing some of the Fortune 500 companies that make up the traditional markets.
The increase of US stimulus package talks serves as a booming situation for Bitcoin and Gold. However, Bitcoin price strikes a new record while Gold declines.
Michael Saylor, the CEO of MicroStrategy, is one of those who believes Tesla’s bet on Bitcoin can have a tremendous ripple effect.
The first Bitcoin ETF in Canada went live on Thursday. In the first hour, around $80M shares were traded. By the end of the day, $165M shares had been exchanged.
Crypto derivatives exchanges have quite literally taken the market by storm. It’s a market that has rocketed to over $1 trillion in daily trading volume and shows no signs of slowing down in 2021.
While Bitcoin is experiencing an incredible rally, the US largest bank JPMorgan Chase is warning about risks associated with investing in BTC. In particular, volatility is the biggest issue.
As Bitcoin continues to discover new prices, not all are on the side of BTC and its future. NYU economist Nouriel Roubini still believes Bitcoin “is a bubble”.
Bitcoin is stable after a volatile Wednesday and mostly trading at $51,220.
In the last three months, BTC volatility stood at 87% versus 16% for gold according to JPMorgan.
Coinbase is seeking to tap the entire Fortune 500 market, a move that would drive Bitcoin (BTC) market price astronomically high.