by Koinat | Jan 26, 2024 | Market News
Bitcoin’s price faces resistance at $40,000, having dropped 20% since the introduction of spot Bitcoin ETFs in the United States, with a recent dip to $38,000 on Jan. 23. Despite the setback, Bitcoin whales are seizing the opportunity to buy the dip,...
by Koinat | Jan 26, 2024 | Market News
The U.S. Securities and Exchange Commission (SEC) has postponed the decision on Grayscale Investments’ application to transform its Ethereum trust product (ETHE) into an exchange-traded fund (ETF). This delay comes shortly after a similar decision...
by Koinat | Jan 26, 2024 | Market News
Bitcoin’s recent downturn, particularly following the introduction of spot exchange-traded funds (ETFs) in the U.S., has raised concerns among retail investors about the cryptocurrency’s future, according to a survey conducted by Deutsche Bank (DB)....
by Koinat | Jan 25, 2024 | Market News
The latest quarterly report from electric car manufacturer Tesla (TSLA) indicates no change in its Bitcoin (BTC) holdings during Q4 2023. Released on Wednesday, the report does not mention bitcoin activity, implying that Tesla neither acquired nor liquidated...
by Koinat | Jan 25, 2024 | Market News
Bitcoin (BTC) demonstrated resilience above the $40,000 mark during Thursday’s European trading hours, with a flat performance in the dollar index ahead of the eagerly awaited U.S. fourth-quarter gross domestic product (GDP) report. At 09:38 UTC, Bitcoin,...
by Koinat | Jan 23, 2024 | Market News
Bitcoin (BTC) experienced a notable setback, dropping nearly 5% within the last 24 hours and reaching its lowest level in two months, slipping below $39,000. This reversal erases much of the gains made in the preceding two months, primarily driven by heightened...
