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Solana Experiences a 6% Value Dip in 2024, Slipping from Previous Year’s Highs

During the first week of 2024, the digital currency Solana witnessed a significant decline, with its value dropping by over 6%. This downturn has caused Solana to fall to the fifth position in terms of market rank, as its value hovers below the $100 mark on Saturday, January 6, 2024. 2024 Brings a Cool-Off Period […]

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El Salvador’s Bold Move: A New Era of Transparency for Bitcoin Reserves

On March 14, 2024, El Salvador's president-elect, Nayib Bukele, unveiled a historic bold maneuver that echoed across the Bitcoin world: El Salvador confirmed the transfer of a substantial portion of its Bitcoin holdings into cold storage, securely kept within a vault in its national borders. This strategic decision marks a pivotal juncture in El Salvador's

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Peter Brandt: Bitcoin ETF Approval Signals ‘Buy the Rumor, Sell the News’ Event

Veteran trader Peter Brandt believes that the expected approval of spot Bitcoin exchange-traded funds (ETF) could be a classic example of a "buy the rumor, sell the news" event. Brandt, who has years of experience as a professional trader, stated that this conclusion is partly based on the enthusiasm of Bitcoin maximalists for the approval

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With Bitcoin ETF Approvals, Market Eyes Inflows and Potential Spot Ether ETF

Bitcoin ETF Approvals: A Milestone in Cryptocurrency Regulation The recent approval of spot bitcoin ETFs by the United States Securities and Exchange Commission (SEC) has marked a significant milestone in the regulatory landscape for cryptocurrencies. This move has captured the attention of investors and analysts, who are now shifting their focus towards potential spot ether

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Bitcoin ETFs: Better Markets Criticizes SEC Approval, Calls it “Mass Marketing” of a Worthless Asset

The Concerns Raised by Better Markets The recent approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) has drawn criticism from Better Markets, an independent nonprofit organization focused on promoting public interest in financial markets and the economy. According to Better Markets, this approval has essentially allowed for the

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GBTC’s Closing NAV Discount and Steep Fees Trigger Outflows, ETF Analyst Expects ‘More Over Time’

Reduced NAV Discount Prompts GBTC Outflows Last week, the U.S. Securities and Exchange Commission (SEC) approved the launch of 11 diverse spot bitcoin exchange-traded funds (ETFs). These new ETFs generated a significant trading volume of $7.65 billion in just their first two days on the market. However, Grayscale's GBTC experienced notable outflows during the same

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Bitcoin ETFs and Crypto Stocks Face Declines in Market

Bitcoin ETFs Experience Trading Volume Despite Market Decline While spot bitcoin exchange-traded funds (ETFs) saw significant trading activity on Thursday and Friday, publicly-listed crypto companies faced losses as the market closed on Friday. Marathon Digital Holdings' shares plummeted by over 15%, and Coinbase Global's stock registered a loss of more than 7% during trading sessions

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Unveiling Bitcoin Reserves: A Deep Dive Into Holdings of 6 New Spot Bitcoin ETFs

Introduction In the first two days since the launch of the United States' inaugural spot bitcoin exchange-traded funds (ETFs), data has emerged regarding the bitcoin holdings of these funds. Among them, Blackrock currently leads the pack with a substantial holding of 11,439 bitcoin. Other notable funds with significant bitcoin reserves include the Fidelity Wise Origin

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Altcoin Season Index Signals Arrival — Top Tokens Eclipse Bitcoin’s Market Performance

Altcoin season, as indicated by the Altcoin Season Index from blockchaincenter.net, has arrived. This index reveals that in the past 90 days, 75% of the top 50 altcoins have outperformed bitcoin. Altcoins Ascend as Index Points to Season's Entry In early December 2023, cryptocurrency enthusiasts eagerly awaited the potential onset of altcoin season. Bitcoin.com News

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