Ark Invest CEO Cathie Wood believes Bitcoin (BTC) could reach $1.5 million by 2030 under her firm’s “bull case” scenario. Wood made the comments during a CNBC interview on Jan. 11, which marks the first trading day for spot Bitcoin ETFs after they were approved by the SEC on Jan.…
Bitcoin (BTC) experienced significant volatility following the launch of the first spot BTC exchange-traded funds (ETFs) in the United States. BTC surged above the $49,000 threshold, marking its highest level since December 2021, immediately after these ETFs began trading. However, the cryptocurrency rapidly declined almost 4% within the one-hour candle,…
Quick Take The Bitcoin market witnessed a notable movement as Bitcoin’s value breached the $49,000 mark, indicating a 4% increase within the past 24 hours. Currently, Bitcoin is trading at $48,500. This surge aligns with the dynamic shift in the global financial landscape, where digital currencies are playing a more…
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What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t…
Quick Take December’s US Consumer Price Index (CPI) reveals an inflation increase surpassing expectations. The annual headline inflation was projected to be 3.2%, yet it registered at 3.4%. Similarly, core inflation, excluding the volatile food and energy sectors, was anticipated at 3.8% but reported at 3.9%. This paints a clear…
Gemini said the spot Bitcoin exchange-traded fund (ETF) approval in the U.S. is “a game-changer for the crypto futures market.” In a Jan. 11 post on the social media platform X (formerly Twitter), the cryptocurrency exchange explained that the arrival of these ETFs would provide more liquidity and diverse market…
Several large-cap cryptocurrencies, including Ethereum, Solana, Cardano, and others, rallied following the approval of a spot Bitcoin exchange-traded fund (ETF) in the U.S. BTC’s price mostly traded flat following the news, posting a modest 1.35% gain to trade at $46,258 as of press time. This price performance is surprising considering…
Quick Take The pre-market trading landscape reveals a promising start for IBIT, BlackRock spot Bitcoin ETF. With pre-market trading in full swing on WeBull, volume has surged to 41,000, indicating increased investor activity. IBIT Volume: (Source: WeBull) Notably, the order book predominates bids over asks, indicative of a tilt towards…
The derivatives market for Bitcoin (BTC) and Ethereum (ETH) experienced significant fluctuations following the incident on Jan. 9, where the U.S. Securities and Exchange Commission’s (SEC) Twitter account was compromised. This false announcement of a spot Bitcoin ETF approval led to a series of market reactions that wiped out over…