Bitcoin ETF inflows show that the investors are using the current consolidation to accumulate.
Read more on Cointelegraph
- Crunch
- Global
Senator Cynthia Lummis has emphasized the pivotal role of the cryptocurrency market in bolstering the US economy, cautioning against missing this crucial opportunity. Lummis, recognized for her proactive stance on cryptocurrency legislation, has noted significant progress, including the approval of Bitcoin and Ethereum ETFs and the advancement of multiple pro-crypto bills in Congress.
Recent efforts by lawmakers like Lummis and Senator Kirsten Gillibrand have led to increased crypto literacy in the Senate and the establishment of a financial innovation caucus. This educational push has contributed to successful legislative outcomes such as the bipartisan passage of the Financial Innovation and Technology for the 21st Century Act and the Senate’s decision to ease regulations for banks holding crypto.
With the US Presidential elections approaching, optimism remains high. The integration of digital assets like Bitcoin and Ethereum into the US economy is seen not just as a technological advancement but as a strategic economic necessity, reflecting a growing acceptance of their potential to stabilize and enrich the nation’s financial landscape.
Unsure if your crypto cashback rewards trigger tax obligations? Learn how to navigate them for stress-free crypto earning.
Read more on Cointelegraph
Bitcoin price movements may “appear random,” but critical drivers such as inflation are what’s making it move, according to a crypto analyst.
Read more on Cointelegraph
Ethereum is already home to the world’s largest DeFi protocols, tokenized RWAs, and stablecoins, but its technical roadmap could be hard for TradFi to understand.
Read more on Cointelegraph
Confidential transfers allow merchants to provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes.
Read more on Cointelegraph
Trading platform Robinhood is finalizing a settlement with investors who claimed they were burned by its 2021 meme stock buy block.
Read more on Cointelegraph
Bitcoin’s price has sat in the “boredom zone” for over a month, leaving traders guessing about a potential surge or retracement.
Read more on Cointelegraph
Veteran trader Peter Brandt has emphasized Bitcoin’s ascent, although it has not yet exceeded its 2021 heights against gold, despite a notable rise in March 2024 to $73,750. This spike, fueled by the anticipation of Bitcoin halving events and the launch of Bitcoin ETFs, showcased Bitcoin’s robustness but still falls short of its past peaks on an inflation-adjusted basis. In 2021, Bitcoin’s rally soared to all-time highs, reaching over $64,000 in April and nearly $69,000 in November, marking significant outperformance against gold.
The BTC/gold chart, highlighted by Brandt, underscores Bitcoin’s growing traction in the financial landscape, outpacing the traditional safe-haven asset in recent months. This trend reflects a burgeoning investor confidence in Bitcoin as a long-term store of value, hinting at a shift in investment paradigms from traditional assets to digital ones.
Brandt stresses the importance of breaking past these 2021 records to confirm a sustained bull market. Despite the strides made, new highs are crucial for validating Bitcoin’s enduring bullish trend in the face of evolving market dynamics and financial innovations.
BlackRock updated its Form S-1 for its spot Ether ETF, which analysts say is a “good sign” that issuers and the SEC are working on ETF launches.
Read more on Cointelegraph