Bitcoin Holds $28K as Stocks Buckle Under Interest Rate Concerns
Also, there’s a growing consensus that SEC approval of a spot bitcoin ETF is surely in the cards.
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Bitcoin
Financial
Lightning Labs Rolls Out ‘Taproot Assets,’ to Make Bitcoin ‘Multi-Asset’ Network
Taproot Assets will give developers “the tools needed to make Bitcoin a multi-asset network, but in a scalable manner,” according to Lightning Labs.
Financial
Bitcoin Nears $29K as Fidelity ETF Amendment Bumps Bullish Sentiment
Some analysts said the amendments show the U.S. Securities and Exchange Commission is holding active discussions with related parties.
Financial
Ether Could Continue to Underperform Bitcoin as U.S. Bond Market ‘Dis-Inversion’ Resumes
The spread between yields on 10-year and three-month Treasury notes has resumed the recovery toward zero. Ether has a strong inverse correlation with the yield spread than bitcoin.
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Spot Bitcoin ETF Approvals Could Add $1 Trillion to Crypto Market Cap, CryptoQuant Says
Blockchain analytics firm CryptoQuant’s models predict that $155 billion will flow into the bitcoin market cap should the ETFs be approved.
Financial
Bitcoin Beats Rest of Crypto Market as Ether, DeFi Tokens Struggle
Bitcoin’s market share of all cryptocurrencies rises to highest since April 2021.
Financial
Bitcoin Magazine Owner Backs First Ordinals Fund, Which Bought $85K Rock
The “Unbroken Chain” fund, as it is known, plans to raise $5 million from its limited partners and will trade in various Ordinals types, including BRC-20 tokens – sometimes positioned as NFTs on Bitcoin. Already the new group has bought an image of a rock for about $85,000.
Financial
Bitcoin Above $28K Buoyed by California ‘BitLicense’ Bill Being Signed
The broader crypto market returned just over 1.24% on average in the past 24 hours, CoinDesk Market Index shows.
Financial
Market Wrap: Bitcoin Hovers Above $28K After ETF Reports Prove False
Meanwhile, the market continues to trend downwards amid higher-than-expected U.S. PPI, and CPI Veri.
Financial
What’s Next for Grayscale, Spot Bitcoin ETF After SEC Declines to Appeal Court Decision?
One analyst believes SEC Chair Gary Gensler has little choice but to soon approve the long-awaited vehicle.