Financial Insights That Matter Ethereum used to be seen as the most likely challenger to Bitcoin’s status as the preeminent cryptocurrency, and the one best positioned to make the blockchain a more useful technology. But as Bitcoin and many other cryptocurrencies have been soaring in recent months — thanks to President Donald Trump’s embrace — […]
Financial Insights That Matter MicroStrategy Incorporated MSTR shares closed down Wednesday, due to a decline in Bitcoin‘s BTC/USD price, which dropped 1.73% to $104,313.65. What To Know: Bitcoin transaction volume over $100,000 decreased by 15%, while netflows dropped 307%, signaling a possible cooling of market activity. Over $161 million in liquidations occurred in the past […]
Financial Insights That Matter Wallets belonging to Ross Ulbrichtthe imprisoned creator of the illegal drug marketplace Silk Road, were discovered on Wednesday, containing as many as 430 Bitcoin BTC/USD unmoved for over 13 years. What Happened: In an X post, Conor Grogana director at Coinbasesaid that he had found nearly 430 BTC across multiple wallets […]
Financial Insights That Matter A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York CNN — President Donald Trump’s meme coin may be a textbook cash grab — not unlike his $60 made-in-China Bibles and his $400 gold sneakers — but […]
Financial Insights That Matter You may have heard of Ross Ulbricht and how President Donald Trump just pardoned him. But who is he, and what’s it got to do with Bitcoin? For years, the crypto community had been calling for Ulbricht to be freed after a judge in 2015 sentenced him to life in prison. […]
Financial Insights That Matter Three days before taking the oath of office, President Donald Trump launched his own crypto asset: $TRUMP. By the eve of his inauguration, Trump’s share of the so-called memecoin was worth $58 billion, making him, on paper, one of the richest people on the planet. Although the price of the Trump […]
Financial Insights That Matter Bitcoin’s (BTC) price closed Wednesday with a black Marubozu candlestick, signaling that the bearish trend is starting to gain momentum. After being rejected at a key resistance zone between $107k and $109k, Bitcoin formed a short-term reversal pattern, suggesting a potential price drop. Traders are closely watching key signals for clues […]
Financial Insights That Matter Leading cryptocurrencies dipped on Wednesday, diverging with the stock market rally, as the market expects more from the new Donald Trump administration. Cryptocurrency Gains +/- Price (Recorded at 7:30 p.m. ET) Bitcoin BTC/USD -2.33% $103,392.39 Ethereum ETH/USD -2.13% $3,255.66 Dogecoin DOGE/USD -1.94% $0.3612 What Happened: Bitcoin steadily fell from the highs […]
Financial Insights That Matter On 21st January 2025, the U.S. Securities and Exchange Commission’s (SEC) new leadership announced a task force to develop a regulatory framework for crypto assets, just one day after the president Trump’s s inauguration. The first major move by President Donald Trump’s new administration to re-design crypto policy. WASHINGTON, DC – […]
Financial Insights That Matter The US Bitcoin (BTC) spot ETF has recorded a net inflow for 5 consecutive trading days. According to TraderT’s data on the 22nd (local time), a total of $248.39 million has flowed into the Bitcoin spot ETFs traded in the US. However, when broken down by ETF, only BlackRock’s IBIT recorded […]