As an experienced financial analyst, I believe that the recent price drop of Bitcoin below $61,000 following the launch of the first Bitcoin ETFs in Hong Kong does not necessarily signal imminent danger for the cryptocurrency falling below $60,000. While it is true that the weekly and monthly charts show a decline in Bitcoin’s price, … Read more
As an experienced financial analyst, I find the allegations made by Representative Patrick McHenry against SEC Chair Gary Gensler concerning the classification of Ether (ETH) as a security to be troubling. The implications of this issue go beyond just the regulatory status of ETH and could have significant ramifications for the crypto industry as a … Read more
Trading volumes in crypto have plummeted to January lows. Bitcoin and Ethereum prices have declined slightly, impacting market activity. As a seasoned crypto investor, I’ve witnessed my fair share of market ups and downs. The recent dip in trading volumes and prices of major cryptocurrencies, including Bitcoin and Ethereum, has left me feeling somewhat apprehensive. … Read more
Russia plans to “ban” crypto Q3 2024, citing “geopolitical realities.” There are exceptions, like miners, to the proposed cryptocurrency ban. As a seasoned crypto investor with a keen interest in global market trends, I’ve witnessed the dynamic nature of regulatory environments firsthand. Russia’s recent announcement regarding its plans to ban cryptocurrencies from Q3 2024 has … Read more
As a seasoned crypto investor, I’ve seen my fair share of market volatility and sudden price movements. The latest dip in Bitcoin (BTC) prices, which hit two-week lows on April 30, left me feeling a mix of concern and cautious optimism. Bitcoin (BTC) reached its lowest point in two weeks near the April 30 opening … Read more
As a researcher with extensive experience in the cryptocurrency market and specifically in Bitcoin Exchange-Traded Funds (ETFs), I find BlackRock’s iShares Bitcoin Trust (IBIT) halting inflows for several consecutive days to be an intriguing development. The sudden halt comes after IBIT recorded consistent daily inflows for 71 days, making it the fastest-growing spot Bitcoin ETF … Read more