Crypto Analyst Predicts Drastic Drop For Bitcoin: ‘$10K-$15K BTC Is Still In The Cards’
Cryptocurrency analyst, Justin Bennett is bearish on Bitcoin (CRYPTO: BTC) and is warning that the apex cryptocurrency could reach levels $10,000 to $15,000. What Happened: Bennett in a post on Jan. 23 said, “$10-$15k $BTC is still in the cards,…
Bitcoin Pressure Eases As Profit-Taking Party Winds Down, JPMorgan Examines GBTC
The Grayscale Bitcoin Trust (OTC: GBTC) has likely experienced the majority of its profit-taking, suggesting a potential reduction in downward pressure on Bitcoin (CRYPTO: BTC) prices. What Happened: JPMorgan (NYSE: JPM) analysts, led by market strategy managing director Nikolaos Panigirtzoglou,…
GBTC profit-taking almost concluded, JPMorgan says
JPMorgan analysts said in a note on Thursday that Bitcoin’s downside pressure could be easing amid a downtrend in GBTC outflows. Grayscale’s GBTC has seen over $4.3 billion in outflows amid profit-taking. Bitcoin price hovered around $39,800 as bulls struggled…
Florida and Alaska restrict Binance US
Binance US faces bans in Florida and Alaska after CEO’s guilty plea triggers regulatory crackdown. Florida suspends Binance US’s license, Alaska denies renewal, citing concerns over Zhao’s plea. Despite setbacks, Binance US remains operational in select states. Binance US, the…
Here Are The Best States For Crypto Taxes, And The Worst: Where Does Yours Rank?
Florida and Wyoming are ranked as the best states for crypto taxes. What Happened:The Coin Ledger report ranks Florida, Wyoming and New Hampshire as the best states for crypto taxes and businesses thanks to exemptions from money transmission licenses. Florida…
Bitcoin Rallies 6% Above $42,000: ‘Very Bullish Long Term’ Development, Says Technical Analyst
Just days after a technical analyst suggested the Bitcoin (CRYPTO: BTC) chart is “beautifully bullish,” Bitcoin surged beyond $42,000. What Happened: Bitcoin rallied 5.6% beyond the $42,000 mark to end the week on a high. Technical analysts now see a…
BlackRock’s Bitcoin ETF has $2 billion in assets under management — and is expected to soon surpass GBTC | CoinDesk JAPAN
BlackRock’s iShares Bitcoin ETF (IBIT) became the first Bitcoin (BTC) spot ETF approved in January to reach 2 billion in assets under management (AUM). USD (approximately 296 billion yen, equivalent to 148 yen to the dollar). However, it does not…
Ark buys $62.3 million worth of its own ETFs, BITO sells $42.8 million worth | CoinDesk JAPAN
ARK Invest sold the ProShares Bitcoin Strategy ETF (BITO) last week while adding to its spot Bitcoin exchange-traded fund (ETF). Cathie Wood’s investment firm has sold a total of 2,226,191 shares of the Bitcoin futures ETF BITO from the Next…
Bitcoin could reach the mid-$20,000 range: Former Ark crypto asset manager | CoinDesk JAPAN
Bitcoin (BTC) has not bottomed out yet, said Chris Burniske, a partner at venture capital firm Placeholder and former head of crypto assets at Ark Invest. He expects the stock to fall to at least the $30,000 to $36,000 range,…
What’s Going On With Microstrategy Stock?
Published by Benzinga MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading higher Friday amid strength in Bitcoin (CRYPTO: BTC). Here’s a look at what’s going on. What To Know: Crypto-related stocks took a hit following the approval of Bitcoin spot ETFs, and…