Description
I said yesterday that the spot Bitcoin ETFs in the US have gone parabolic, and they continued on that trajectory, surpassing 1M BTC held collectively, primarily courtesy of BlackRock, which achieved record inflows. This has worried some analysts though, as ETF FOMO has previously marked local tops. Elsewhere, the venture capital firm, Paradigm, released a public opinion poll that showed 5% of US voters see crypto as the decisive factor in who they vote for, and in a tight election, that could...
The past 24 hours saw Bitcoin come within spitting distance of the $100K milestone, continuing one of the best Novembers on record while attracting short positions that may risk a "violent breakout." But don't be fooled: Bitcoin isn't the only thing worth your attention. United States SEC Chair...
Published 11/22/24
Bitcoin has been highly volatile in the past 24 hours, particularly on the back nine, but very much in crypto's favor as it chases a six-figure price tag. So, to start with, I'll take you through some of the reasons for the momentum, what's going on behind the scenes of the markets and what might...
Published 11/21/24