Cryptocurrency Market News
Spot Bitcoin ETFs Become More Popular as Financial Firms Reveal Their Holdings
$77.5 million worth of spot Bitcoin ETFs were held by billionaire Steve Cohen’s Point72. This occurred at the same time that financial firms saw a significant inflow of capital into spot Bitcoin ETFs in May, more than compensating the withdrawals seen in April. Prominent financial institutions disclose their exposure to
Crypto Business Galaxy, CoinShares Q1 Earnings, Blockchain-Based ETFs
This week’s Crypto Biz highlights the financial results of CoinShares and Galaxy Digital, the CEO of Franklin Templeton’s blockchain wager, Polymarket’s investment round, and a change in leadership at dYdX. The first financial reports from the managers of Spot Bitcoin exchange-traded funds (ETFs) since the funds started trading have been
Analysts Claim That Altcoins are a Relatively Huge Danger Because The Days of Large Gains Are Over
According to Markus Thielen, head of research at 10xResearch, altcoins provide “tactical opportunities” but not the huge returns of past cycles. According to cryptocurrency experts, the high-risk, high-reward philosophy of altcoins may be leaning towards the former since large gains are now less probable as a result of the weak
Bitcoin Will Remain Between $55K And $75K. Novogratz
According to Mike Novogratz, cryptocurrency is going through a “consolidation phase,” and by the conclusion of the current quarter, he expects prices to rise. The founder and CEO of Galaxy Digital, Mike Novogratz, predicts that the price of Bitcoin, which is currently trading at $61,814, will remain in the $55,000–$75,000
Price Forecast For The Top Three Meme Coins Dogecoin, Shiba Inu, and Bonk GameStop Rally Gains are Erased by Memes
In reaction to GameStop’s rally on Monday, meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK) rallied alongside popular meme tokens. Memes gained ground on Monday as popular trader “Roaring Kitty” reappeared on X with a string of tweets. According to CoinGecko, the prices of DOGE, SHIB, and BONK
Ethereum Pounding on The Door of Support
Market Overview The value of the cryptocurrency market increased by 0.8% to 2.2 trillion in the last day, with growth consistently above 2%. But it fell during the opening of European trading, momentarily regaining its previous day’s levels. Over the last day, Ethereum has gained by 0.15% and Bitcoin has
Spot Bitcoin ETFs Become More Popular as Financial Firms Reveal Their Holdings
$77.5 million worth of spot Bitcoin ETFs were held by billionaire Steve Cohen’s Point72. This occurred at the same time that financial firms saw a
Crypto Business Galaxy, CoinShares Q1 Earnings, Blockchain-Based ETFs
This week’s Crypto Biz highlights the financial results of CoinShares and Galaxy Digital, the CEO of Franklin Templeton’s blockchain wager, Polymarket’s investment round, and a
Analysts Claim That Altcoins are a Relatively Huge Danger Because The Days of Large Gains Are Over
According to Markus Thielen, head of research at 10xResearch, altcoins provide “tactical opportunities” but not the huge returns of past cycles. According to cryptocurrency experts,
Bitcoin Will Remain Between $55K And $75K. Novogratz
According to Mike Novogratz, cryptocurrency is going through a “consolidation phase,” and by the conclusion of the current quarter, he expects prices to rise. The
Price Forecast For The Top Three Meme Coins Dogecoin, Shiba Inu, and Bonk GameStop Rally Gains are Erased by Memes
In reaction to GameStop’s rally on Monday, meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK) rallied alongside popular meme tokens. Memes gained ground
Ethereum Pounding on The Door of Support
Market Overview The value of the cryptocurrency market increased by 0.8% to 2.2 trillion in the last day, with growth consistently above 2%. But it
Watch US PCE Statistics as Gold Flirts With Record Highs Above $2,230
The price of gold flirted with record highs on Friday during the Asian session, hovering around $2,230. Safe-haven flows amid mounting economic worries and the
The Price Of Gold Continues to Consolidate Below $2,200
Wednesday’s Asian session saw some dip buying in the gold market (XAU/USD), which appears to have stopped the previous day’s late decline from the psychological
Stronger US Dollar And Lower Australian Consumer Prices Cause The Australian Dollar to Weaken
On Wednesday, the Australian Dollar (AUD) continued to decline for the second straight session. The Reserve Bank of Australia (RBA) may decide to adopt a
Gold is Steady At $2,165 While We Wait For Fed Words
The price of gold has stalled its rise just short of the $2,180 mark and is currently trading marginally flat near $2,165. While traders wait
Price Analysis of EURUSD Maintains Stability Above The Mid-1.0800
Wednesday’s Asian session saw a slight increase in the EUR/USD pair, which appears to have ended a two-day losing run that had sent it to
Following US Inflation Statistics, The Gold Market Consolidates and Records Weekly Losses
Following a hotter-than-expected Producer Price Index (PPI) report on Wednesday, traders started pricing in a less “dovish” Federal Reserve, which caused gold prices to pare
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