Overview of SPOT: Ampleforth’s ‘Low-Volatility’ Alternative Ampleforth has introduced a new digital asset, SPOT, with funding from Coinbase Ventures. This asset is designed to track the Consumer Price Index, providing a low-volatility alternative to fiat stablecoins to combat inflation. Key Features of SPOT SPOT is created by segmenting the volatility of Ampleforth’s native currency, AMPL, […]
Bitcoin Price Seesaws Near $56K as US Stocks Post Fresh All-Time Highs Bitcoin clung to modest gains at the July 8 Wall Street open as United States equities hit new record highs. BTC price volatility keeps the pressure on traders with stocks leaving Bitcoin ever further behind. Bitcoin Continues to Split from Sky-High Stocks, Gold […]
Analysis: Potential Local Bottom for Bitcoin, According to Bitfinex Bitfinex analysts have highlighted various indicators suggesting that Bitcoin may have reached a local bottom in its recent downturn. Bitcoin price dipped below the 120-day range on July 3, hitting a low of $53,219 amidst concerns surrounding Mt. Gox’s creditor repayments. Despite ongoing distributions from Mt. […]
Metaplanet Continues to Accumulate Bitcoin Metaplanet, a prominent player in the cryptocurrency space, recently announced their latest purchase of Bitcoin. With this acquisition, Metaplanet now holds a total of 203,734 BTC. The average price at which these Bitcoins were bought is approximately $62,000 per BTC. Key Takeaways Metaplanet continues to show confidence in Bitcoin by […]
Bitcoin Miner TeraWulf Considers Merger Strategy TeraWulf, a Bitcoin mining firm, is open to the idea of merging with other companies to improve profit margins, but not solely for the purpose of empire building, as stated by Kerri Langlais, TeraWulf’s chief strategist. Merger Consideration for Profitability More Mergers Expected in Mining Sector Post Bitcoin Halving […]
Bitcoin Recovery Potential for SOL, DOT, NEAR, and KAS Buyers are eyeing a Bitcoin recovery above $53,500 to potentially spark upward momentum for SOL, DOT, NEAR, and KAS. Bitcoin plunges below $56,552 support but finds buyer interest near $53,500 Spot Bitcoin ETFs witness net inflows of $143.1 million, reinforcing investor interest Altcoins resilient in the […]
5 bullish arguments that Bitcoin price just bottomed at $53K Bullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle. Despite Bitcoin (BTC) price volatility and five-month lows, several key indicators suggest that the bulls may still have the upper […]
A Look at Bitcoin’s Potential Price Increase A number of factors in Bitcoin could increase its price over eight times its current value, even if most of them don’t materialize, according to the CEO of crypto-focused reviews portal Apollo, Thomas Fahrer. Each one of these individual things is kind of a low probability, but there’s […]
No, Denmark did not propose to ban self-custody wallets The Danish Financial Supervisory Authority said the exemption of self-custodial wallets from MiCA doesn’t mean such wallets should be banned. Contrary to recent social media reports suggesting that Denmark was “about to ban” Bitcoin wallets, Danish regulators have not proposed banning self-custodial cryptocurrency wallets. The Danish […]
Bitcoin ETF inflows highest in a month as Bitcoin hovers near $63K BlackRock’s IBIT and Grayscale’s GBTC, the two largest spot Bitcoin ETFs by net asset value, saw zero flows on Monday. Spot Bitcoin exchange-traded fund (ETF) market in the United States recorded a significant daily inflow of $129.45 million, marking the fifth consecutive day […]
