Will Bitcoin Really Hit $1.25 Million by 2030? Find Out!
Launched in 2009, Bitcoin has been more and more called digital gold to highlight its contemporary digital character as a store of value. It operates…
U.S. Freezes $344M in Crypto Linked to Iran Amid Escalating Sanctions
Following the sanctions on many wallets linked to Iran, U.S. Department of the Treasury Secretary Scott Bessent said that OFAC had frozen cryptocurrency assets valued at $344 million. Bessent stated:…
US Spot Bitcoin ETFs Log Nine-Day Inflow Run as Momentum Builds
U.S. Spot Bitcoin exchange-traded funds (ETFs) have maintained a nine-day streak of positive inflow performance into late April, reflecting the growing confidence of investors in Bitcoin. A total net inflow…
China Cracks Down on Crypto Promotions Via New Marketing Rules
The “Administrative Measures for Online Marketing of Financial Products” (Announcement No. 9), dated April 21, was completed by China’s central bank and seven other authorities and was officially released on…
India Pushes e-Rupee Adoption via Welfare Payments
While getting ready to showcase its central bank digital currency (CBDC) at a BRICS countries meeting later this year, India is relying on welfare payments to encourage adoption. Reuters said…
Bitcoin–Dollar Correlation Hits Extreme as DXY Volatility Shapes Market Outlook
The volatility of the Dollar Index (DXY), which tracks the value of the dollar relative to a basket of other currencies, has never been more important for bitcoin traders than…
Bitcoin Consolidates Below $80K as Market Momentum Cools
Bitcoin has been trading in a narrow range between $77,500 and $78,500 since midnight UTC on Friday, as volatility in the cryptocurrency market eased. Although the larger trend is still…
Metaplanet Raises $50M in Zero-Interest Bonds to Expand Bitcoin Holdings
Zero-interest bonds worth 8 billion Japanese yen ($50 million) were issued by Tokyo-listed Metaplanet to EVO FUND. The money would be used to buy more Bitcoin, as stated in a…
US Crypto Firms Push Senate to Advance Clarity Act for Market Framework
United States crypto firms and trade associations have urged the Senate Banking Committee to go forward with the Clarity Act’s markup, which would provide a national framework for crypto markets.…
US Spot Bitcoin ETFs See Strong Inflows Amid Ongoing Momentum
With Bitcoin’s price rebound, US-listed spot Bitcoin ETFs have been steadily receiving investments since mid-April, giving them a leg up. Farside data shows that spot Bitcoin (BTC) exchange-traded funds (ETFs)…
Bitcoin Flashes Signs of a Potential Macro Bottom
Buying pressure for Bitcoin (BTC) grew, driving the price beyond $79,000. Moreover, new analysis found that the constant drop in Bitcoin supply on exchanges suggests less immediate selling pressure. Bitcoin…