Bitcoin ETFs Got BTC Surging, but Tumbling Interest Rates Have Helped, Too
The abrupt recent turn in expectations for Federal Reserve monetary policy has helped asset prices across the board.
The abrupt recent turn in expectations for Federal Reserve monetary policy has helped asset prices across the board.
The latest price moves in crypto markets in context for Dec. 5, 2023.
The combined market value of cryptocurrencies is the highest since May 2022, when Terra’s collapse marked the beginning of the crypto winter.
MicroStrategy held nearly 175,000 bitcoins in its treasury as of the end of November.
Jenny Johnson added she believes a spot bitcoin exchange-traded fund (ETF) will be a better way of gaining BTC exposure as opposed to direct investment.
Bitcoin is trading at levels previously seen in April 2022, shrugging off a tough year marked by several implosions and regulatory clampdowns.
Numbers from the exchange show institutional traders largely ignored alternative cryptocurrencies in favor of perceived “safe” assets.
Some analysts expect bitcoin to mature into a less volatile asset following the introduction of spot ETFs in the U.S, while others say potential “cash creation” structures will increase volatility.
A veri scientist for the Dutch National Bank, Alex De Vries claims every bitcoin transaction uses enough water to fill a swimming pool.
AntPool said it would verify the identity of the sender if they sign an on-chain message via another bitcoin transaction using the same message – which will prove ownership.