BlackRock Bitcoin ETF options trade $1.9B on day one, California judge's massive ruling for DAO users
Description
Bitcoin enjoyed another brief stint in price discovery, setting a new peak of $94,105 according to Coinbase. This was seemingly propelled — at least in part — by the first day of trading options contracts on BlackRock's spot Bitcoin ETF, IBIT, which saw an "unheard of" $1.9 billion! Outside of Bitcoin, there were other important crypto developments in the past 24 hours. A California judge ruled that under partnership laws, DAO members can be liable for the DAO and other members' actions, Dona...
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
Naturally, we're in a busy period for Bitcoin as it chases yet another all-time high, so there is a lot to catch you up on. Robert F. Kennedy Jr. said he put most of his wealth into Bitcoin alongside buying two BTC for every one of his seven children, MicroStrategy buys $4.6B billion more Bitcoin...
Published 11/19/24