Cryptocurrencies gained more than 3 percent in the past 24 hours amidst widespread euphoria following the Securities and Exchange Commission dropping charges against the top leadership of Ripple Labs, Inc., for abetting the violation of securities laws. Hopes of the favorable legal action in the Grayscale Investments case goading the SEC to approve a Bitcoin Spot ETF also supported sentiment. […]

Prominent pseudonymous crypto analyst DonAlt has shed light on two extreme scenarios that could shape the trajectory of Bitcoin. In a recent video for his YouTube channel, DonAlt explained the factors that could either propel Bitcoin to a staggering $60,000 or drag it down to $12,000. The first scenario revolves around the possible approval of a spot Bitcoin ETF by […]

Despite recent false reports that rocked the cryptosphere, the hype surrounding the potential approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has not faded. Adding to the excitement, Galaxy Digital CEO Mike Novogratz has expressed strong confidence in the looming approval of spot market ETFs in the United States. Spot Bitcoin ETFs Coming […]

Cryptos traded in a declining mode but hovered close to the $1.08 trillion level in market capitalization even as financial markets worried about war, health of the corporate sector, rising bond yields and the Fed’s likely interest rate trajectory. Expectations that the SEC would soon approve a Bitcoin Spot ETF limited losses in the crypto space. Escalating conflict in the […]

In a jaw-dropping turn of events, Bitcoin soared back above the $28,000 mark on Monday as investors price in the SEC’s potential approval of several pending spot Bitcoin ETF applications. The electrifying rally has sparked bullish calls for the pioneer cryptocurrency to meet or even exceed a $15-trillion market capitalization. Bitcoin’s Path To A $15 Trillion Market Cap SkyBridge Capital […]

Cryptocurrencies are trading mildly in the green zone amidst dovish commentary from Fed officials that lifted Wall Street and invigorated equity markets worldwide. The risk-aversion triggered by the ongoing political conflict in the Middle East, anxiety ahead of the FOMC Minutes due for release on Wednesday and the CPI readings due on Thursday however limited gains in the digital assets […]

Hut 8 Mining Corp. (HUT), a Bitcoin company, said on Tuesday that it has mined 111 Bitcoin for the month of September in an average production rate of around 3.7 Bitcoin a day. However, the company noted that no Bitcoin were sold for the month. The total balance of Bitcoin in reserve was 9,366 as of September 30, and 7,269 […]

Cryptocurrencies shed more than 1.5 percent in the past 24 hours as geopolitical tensions in the Middle East shifted world market sentiment to a risk-off realm. Equity indices retreated while safe havens viz gold, the U.S. dollar and the Japanese yen gained. The massive spike in crude oil prices renewed the focus on fuel-led inflation and the potentially aggressive monetary […]

Analysts predict darker days for BTC despite a strong start to October. They hinge their prediction on a classic head and shoulders pattern and cyclical trends from the end of 2020. Bulls are expected to step up to sustain the current momentum to avert another slump for the asset. Bitcoin (BTC) is currently basking in the warmth of its recent […]