Advertisement     The State of Michigan Retirement System has tripled its exposure to Bitcoin through the ARK 21Shares Bitcoin ETF, perhaps signaling a positive outlook in the top cryptocurrency’s future value. Michigan Boosts Bitcoin ETF Bet By the end of the second quarter, the pension fund owned 300,000 shares worth of ARK 21Share…
Advertisement     Bitcoin’s search volume on Google is showing a decreasing trend overall, according to the latest statistics from the tech giant’s own resources. However, this is not necessarily a bad idea overall as a deeper dive into the situation shows, according to a popular crypto analyst on X. The largest cryptocurrency by…
Advertisement     Japanese Bitcoin treasury firm Metaplanet has acquired an additional 463 BTC, expanding its treasury as part of its long-term commitment to buy up the world’s largest cryptocurrency ahead of a key target next year. Metaplanet started acquiring Bitcoin in April 2024 and has since leaned heavily into a treasury strategy modeled…
Advertisement     The U.S. Securities and Exchange Commission approved the conversion of Bitwise’s cryptocurrency index fund into a fully-fledged exchange-traded fund (ETF), but then quickly hit pause. This marks the second time this month that the regulator has intervened to block a staff-level greenlight. Bitwise’s Crypto Index Fund Conversion In Limbo As SEC…
Advertisement     Michael Saylor, the Executive Chairman of the world’s largest Bitcoin corporate holder Strategy, has predicted that in the next ten years, BlackRock’s iShares Bitcoin Trust (IBIT), which launched in January 2024 alongside 10 other US-based spot Bitcoin ETFs, will become the largest ETF in the world. BlackRock’s Bitcoin ETF Accounts For…
Advertisement     The United States Department of Justice (DOJ) has scrapped the National Cryptocurrency Enforcement Team (NCET). This decision follows recent moves by the Trump administration to loosen tough restrictions on the industry. According to industry executives, President Trump’s policies will spark innovation in crypto and capital flow. DOJ To Shift Regulatory Focus…
Advertisement     Bitcoin (BTC) kicked off the week on a bearish note, extending Monday’s sharp decline into Tuesday. After briefly stabilizing above $91,000, renewed selling pressure dragged BTC to fresh yearly lows. By mid-Tuesday, the price had plummeted to $87,081, with daily liquidations surpassing $870 million, according to Coinglass data. The broader crypto…
Advertisement     Bitcoin’s surge has caused nearly $700 million in leveraged positions to be liquidated, with most liquidations affecting long positions. Bitcoin has reentered the spotlight as analysts forecast six-figure price targets. Veteran trader Peter Brandt predicts that Bitcoin could reach $125,000 by the end of the year. Using Bayesian probability—a statistical method…
Advertisement     With just days until the United States presidential election, Bitcoin investors’ bullishness continues — putting over $870 million more into BlackRock’s spot BTC exchange-traded fund, the iShares Bitcoin Trust (IBIT). This marked the highest inflow day for IBIT since its debut in mid-January this year. Monster Day For BlackRock’s Bitcoin ETF…
Advertisement     The price of the OG cryptocurrency has pushed higher in recent weeks as a perfect storm looks set to hit Bitcoin and the broader crypto market in the near term. BTC broke out of its downtrend this week to reclaim the $65K level after the U.S. Federal Reserve’s mid-September rate cut…