In a recent report, Bloomberg analyst Jamie Coutts sheds light on asset managers’ growing interest in Bitcoin, an interest that extends beyond exchange-traded funds (ETFs) and into the mining sector. Coutts emphasizes the involvement of BlackRock, Vanguard, and State Street in the Bitcoin mining industry for over three years. This article examines this significant development
Bitcoin
Litecoin (LTC) has been facing a challenging time in the market, as it has been trading within a tight price range for the past week. The value of LTC has been hovering steadily around the mid-range point of $64, reflecting the prevailing bearish sentiment. This trend is not surprising considering the recent price report which
Ethereum is currently undergoing a recovery wave from its recent low of $1,565 against the US Dollar. While this may seem like a positive sign, there are potential obstacles that could impede its progress. One major challenge is the $1,600 resistance level, which Ethereum must surpass in order to continue its upward momentum. However, given
Dogecoin (DOGE) has found itself trapped in a continuous period of stagnation, showcasing the ongoing battle between bulls and bears for market dominance. This prolonged phase of inactivity has persisted for over a month, indicating a short-term consolidation stage. Amidst the turbulence in the cryptocurrency market, DOGE enthusiasts and investors are eagerly searching for clues
Bitcoin traders have experienced a week of cautious price action, resulting in a decline in trading volumes across major crypto exchanges. This decline is a cause for concern as it reflects a lack of interest from both institutional traders and retail investors. The future price of Bitcoin hangs in the balance, and its direction could
As the calendar flips to October, all eyes in the crypto community are fixed on the US Securities and Exchange Commission (SEC). A crucial decision awaits the SEC regarding their case against asset manager Grayscale. The deadline for an appeal is October 13, exactly 45 days from the court’s ruling. On August 29, the District
Ethereum, one of the leading cryptocurrencies, is facing significant downward pressure as it drops below the $1,600 mark. However, amidst this price contraction, on-chain data reveals an intriguing movement by a crypto whale. Referred to as “0xb154,” this individual has transferred a substantial amount of Ethereum from Binance, a popular cryptocurrency exchange, to a non-custodial
Crypto analyst Nicholas Merten highlights the potential for turbulent times ahead for the Bitcoin price. In his recent YouTube video on DataDash, Merton discusses how the directional movement of equities and broader assets will directly impact Bitcoin and the cryptocurrency market as a whole. He observes the correlation between the equity market and the crypto
Bitcoin has experienced some ups and downs in recent weeks, with the price hovering around the $27,000 mark. While it has seen some growth, the cryptocurrency has struggled to maintain sustained upward momentum. In order to understand whether Bitcoin can break through to higher levels, it is important to analyze the on-chain data. One particular
Solana (SOL) has gained significant attention in the cryptocurrency community, with former Goldman Sachs executive Raoul Pal endorsing it as one of his top altcoin choices. Pal recognizes Solana’s unique strengths, particularly its unparalleled speed and performance. These characteristics have even prompted payments giant Visa to select Solana as their preferred platform. Pal’s enthusiasm for
