Wall Street Braces For Another Red Day Ahead Of More Inflation Data While Bitcoin Holds Above $70K: Analyst Sees Any Pullback As ‘Phenomenal Buying Opportunity’
The negative mood on Wall Street may persist as investors await the release of another inflation report, which will have significant implications for the near-term trend in consumer prices. Wholesale price inflation typically flows down the supply chain and manifests…
Spot Bitcoin ETFs Record $123M Net Inflow Amid Slowing GBTC Outflows
Bitcoin spot exchange-traded funds (ETFs) saw a $123 million net inflow on Wednesday, a reversal from Monday’s outflows less than two weeks ahead of the halving event. What Happened: Grayscale’s Bitcoin Investment Trust (OTC:GBTC) saw a net outflow of $17.47…
Kraken Set to Delist Monero in Ireland and Belgium, Convert Remaining Balances to Bitcoin
Kraken is set to delist the privacy coin Monero (CRYPTO: XMR) from the platform for customers in Ireland and Belgium on June 10. In a notice posted earlier today, the crypto exchange clarified that all XMR trading and deposits will…
London Mayoral Candidate Wants to Give £100 in Crypto to Every Resident
Mayoral candidate Brian Rose wants to give every person in London £100 worth of a new crypto token under plans revealed on Thursday. Going under the working title of the LONDON token, Rose’s plan would see a £1 billion liquidity…
Bitcoin Halving Event Could Be A Potential Game-Changer For Mining Industry: JPMorgan
The upcoming Bitcoin (CRYPTO: BTC) halving event, expected on April 20, could impact the Bitcoin mining industry, according to a recent JPMorgan report. What Happened: The report by analysts Reginald Smith and Charles Pearce highlights the potential implications of the…
Crypto Exchange Kraken Joins Binance In Delisting Privacy Coin Monero
Kraken, a leading cryptocurrency exchange, announced its decision to delist the privacy coin Monero (CRYPTO: XMR) for its customers in Ireland and Belgium. What Happened: Kraken will cease all XMR trading and deposits starting May 10, an official press release…
Bitcoin Is In A ‘Spot-Driven Rally,’ On-Chain Analysis Finds
Bitcoin‘s (CRYPTO: BTC) strong performance in the past year can be credited to a surge in spot trading volume and exchange activity. What Happened: A new report by on-chain analytics firm Glassnode discusses how daily spot trade volumes peaked at…
Spot Bitcoin ETF Cumulative Trading Volume Crosses $200 Billion
Cumulative trading volume for U.S. spot Bitcoin (CRYPTO: BTC) exchange-traded funds surpassed $200 billion on Tuesday, less than three months after the Securities and Exchange Commission approved ETFs from BlackRock (NYSE: BLK), Fidelity, Bitwise and others. Spot Bitcoin ETF cumulative…
Crypto Analyst Benjamin Cowen Warns of Summer Correction Amid Bitcoin Dip
A popular crypto analyst has issued a warning to investors, suggesting that the Federal Reserve’s monetary policy decisions could significantly impact the cryptocurrency market in the coming months. What Happened: In a recent Youtube video, Benjamin Cowen emphasized the importance…
‘Crypto Mom’ Hester Peirce: Regulation Should Take ‘A Productive Path’
Hester Peirce, a Commissioner at the Securities and Exchange Commission (SEC) often referred to as “Crypto Mom,” in an interview criticized the agency’s cautious approach to cryptocurrency regulation. What Happened: Peirce on Wednesday highlighted a fundamental philosophical difference between her…