Dimon's Advice: Don't Get Involved Jamie Dimon, the CEO of JPMorgan Chase, has advised investors to stay away from bitcoin. In an interview with CNBC, Dimon stated, "My personal advice is don't get involved. But I don't want to tell anyone what to do. It's a free country." While acknowledging that individuals have the right […]
JPMorgan CEO Jamie Dimon Advises Investors to Stay Away from Bitcoin Read More »
Bitcoin Consolidates in the Short Term Bitcoin's 1-hour chart presents a scene of consolidation, with BTC's price movements showing less directionality compared to longer timeframes. Notably, there was a sharp decline to approximately $42,056, possibly indicating a purge of stop-loss orders or a brief panic sell-off following the spot bitcoin exchange-traded fund (ETF) approvals. However,
Bitcoin Technical Analysis: BTC Balances Above $42,000 Amidst Downtrend Signals Read More »
Grayscale's GBTC Holdings Decrease According to recent data, Grayscale's GBTC holdings have experienced a significant reduction since the update on their website three days ago. The firm's most recent figures show a withdrawal of over 11,189 bitcoin, valued at approximately $477 million, from GBTC's reserves. This decrease follows similar outflows that occurred on January 11-12,
Grayscale’s GBTC Holdings Decline as Blackrock, Fidelity Bitcoin ETFs Increase Assets Read More »
Introduction NYSE Arca Inc. has recently made a groundbreaking move by submitting a proposal to amend its rules to allow options trading on commodity-based trust shares, specifically targeting bitcoin-based ETFs. This initiative, outlined in the 19b-4 filing with the SEC, represents a significant advancement in the range of financial products available for crypto investors. The
NYSE Arca Proposes Options Trading for Bitcoin ETFs in Finance Sector Breakthrough Read More »
Market Sentiment Wary Amid Fed's Strategies for 2024 The leading trio of U.S. stock indices — Dow Jones Industrial Average, Nasdaq Composite, and the S&P 500 — experienced a downturn on Wednesday afternoon. This decline coincided with a rise in 10-year Treasury yields, which jumped 0.98% to 4.102%. Concurrently, gold’s value decreased by a percentage
Treasury Yields Surge, Dow, Nasdaq, and S&P 500 Tumble Read More »
On January 15, 2024, market insights revealed that the stablecoin TUSD deviated from its usual $1 parity, dropping to $0.979 per coin the following day. However, by 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99 mark. Fluctuating Value and Real-Time Attestation Challenges TUSD has recently faced fluctuations
TUSD Faces Challenges as it Dips Below $1 Mark Read More »
Bitcoin's Stable Performance and Anticipated Growth Howard Lutnick, the CEO of Cantor Fitzgerald, a renowned financial services company, shared his insights on bitcoin and tether during his appearance at the World Economic Forum in Davos. Lutnick drew parallels between the excitement surrounding spot gold exchange-traded funds (ETFs) and the expected trajectory of bitcoin. Lutnick observed
Howard Lutnick: Bitcoin to Rally Again with Halving Event, Cantor Fitzgerald CEO Says Read More »
Anthony Scaramucci's Bitcoin Price Prediction Skybridge Capital founder Anthony Scaramucci recently shared his optimistic price prediction for bitcoin during an interview at the Reuters Global Markets Forum. He believes that if the price of the cryptocurrency remains at its current level until the halving in April, it could surge past $170,000 next year. Scaramucci's prediction
Skybridge Capital Founder Expects Bitcoin Price to Surpass $170K in 2025 Read More »
Global Asset Management Firm's Senior Analyst Recommends Buying Bitcoin Dip A senior analyst specializing in digital assets at global asset management firm Alliance Bernstein, Gautam Chhugani, has advised investors to buy the bitcoin dip. In a client note reviewed by Yahoo Finance, Chhugani emphasized the importance of focusing on the new bitcoin adoption cycle. He
Senior Analyst Advises Investors to Buy Bitcoin Dip and Focus on New Adoption Cycle Read More »
Ethereum, the second-largest cryptocurrency by market capitalization, has experienced a period of stabilization after recent market volatility. With a market cap of $305 billion and a significant trade volume of $18.11 billion, Ethereum continues to exert its influence in the digital currency market. Technical Indicators A closer look at Monday's technical indicators reveals a mixed
Ethereum Technical Analysis: ETH Finds Stability Amidst Market Swings Read More »