Author name: Peter

Altcoin Season Index Reaches 76: Is the Season for Altcoins Finally Here?

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Altcoins Ascend as Index Points to Season’s Entry In early December 2023, cryptocurrency enthusiasts were eagerly awaiting the arrival of the altcoin season. Bitcoin.com News reported on this topic, referring to the Altcoin Season Index from blockchaincenter.net, which had a rating of 47 out of 100. At that time, the index indicated that it wasn't […]

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Binance and Coinbase: Dominating the Crypto Market with Massive Reserves

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Introduction Statistical data reveals that Binance and Coinbase, two titans in the cryptocurrency exchange arena, cumulatively possess 11.85% of the $1.68 trillion digital currency economy. In addition, these prominent trading platforms control 7.83% of the total bitcoin supply, underscoring their significant market influence. Binance and Coinbase: Leading the Way Binance and Coinbase rank as the

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Blackrock’s Spot Bitcoin ETF Now Holds 11,439 BTC

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Blackrock's Spot Bitcoin ETF Acquires 11,439 BTC Blackrock's spot bitcoin exchange-traded fund (ETF) has recently obtained 11,439 bitcoin, valued at approximately $500 million. This impressive acquisition occurred within just two days of trading on the Nasdaq stock exchange. The Ishares Bitcoin Trust, managed by Blackrock, was one of the 11 spot bitcoin ETFs approved by

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Blackrock CEO Larry Fink Believes Bitcoin Is “Bigger Than Any Government”

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Blackrock CEO Larry Fink's Perspective on Bitcoin Larry Fink, the CEO of Blackrock, the world's largest asset manager, has recently expressed his strong belief in bitcoin, stating that it is "bigger than any government." In an interview with CNBC and Fox Business, Fink described bitcoin as "digital gold" and highlighted its potential as a long-term

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Ark Invest CEO Cathie Wood Doubles Down on Bullish Bitcoin Forecast, Sees $1.5 Million Price Potential

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Ark Invest Sees Increased Probability of Bitcoin Reaching $1.5 Million Cathie Wood, the CEO of Ark Investment Management (Ark Invest), is standing firm in her optimistic bitcoin price predictions, now with an even higher probability of the cryptocurrency soaring to $1.5 million per coin. Wood's confidence has been bolstered by the recent approval of 11

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Vanguard Blocks Customers from Trading Spot Bitcoin ETFs, Prompting Dissatisfaction and Account Closures

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Vanguard's Stance on Spot Bitcoin ETFs Several investment firms, including Vanguard, have made the decision to block customers from trading spot bitcoin exchange-traded funds (ETFs). Vanguard, a leading investment firm, explained that these products do not align with their focus on asset classes such as equities, bonds, and cash. As a result, customers who were

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SEC Commissioner Criticizes Delay in Spot Bitcoin ETF Approval — ‘We Squandered a Decade of Opportunities’

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SEC Commissioner Hester Peirce Slams Agency for Delay in Approving Spot Bitcoin ETFs U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has strongly criticized her agency for the delay in approving spot bitcoin exchange-traded funds (ETFs). According to Peirce, the arbitrary and capricious treatment of applications in this area will have a negative impact

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Bitcoin Reaches $49K High Before Dropping, as ETFs Record $2.3B in Trades by Mid-Day

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Bitcoin's Volatile Trading Day On January 11, 2024, at 11 a.m. Eastern Time (ET), the newly launched spot bitcoin exchange-traded funds (ETFs) made a significant impact with a trading volume of $2.3 billion. However, the afternoon brought a dramatic turn of events as bitcoin's spot markets experienced a steep decline, causing prices to fall below

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U.S. Spot Bitcoin ETFs Generate $4.6 Billion in Trading Volume on Debut

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On their first day of trading, U.S. spot bitcoin exchange-traded funds (ETFs) made a significant impact, accumulating a total trading volume of $4.6 billion. This marked a monumental milestone in ETF history, as it surpassed all previous Day One trading records. The launch of these ETFs garnered substantial interest from investors, with Blackrock's Ishares Bitcoin

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