A Beginner’s Guide to Investing in Cryptocurrency
Cryptocurrencies have captivated investors worldwide, with Bitcoin, Ethereum, and others experiencing dramatic price changes over the years. While the high volatility may appeal to some investors, the risks involved require a strategic approach. Here’s a quick guide on how to begin investing in cryptocurrency, including the main steps to take
Today’s Crypto Highlights: NFT Sales Surge, UBS Launches Tokenised Fund, 21Shares Files for Spot XRP ETF
Non-fungible tokens (NFTs) broke their seven-month downward trend in October, recording an 18% rise in sales volume. October’s volume reached $356 million, up from September’s low of around $300 million, according to CryptoSlam data. This rebound also saw a 42% increase in total transactions, with over 7.2 million transactions recorded
Crypto Adoption Surges in Eastern Europe, Led by DeFi and Institutional Transfers
Eastern Europe has solidified its position as the fourth-largest cryptocurrency market worldwide, accounting for over 11% of global crypto transaction value, as revealed in Chainalysis’ latest crypto adoption report. The region received over $499 billion in cryptocurrency between July 2023 and June 2024, marking a substantial increase in decentralized finance
BlackRock Bitcoin ETF Surpasses $30B as US ETFs Near 1 Million BTC Milestone
BlackRock’s spot Bitcoin exchange-traded fund (ETF) has achieved a significant milestone, surpassing $30 billion in Bitcoin holdings in less than 10 months since launching in January 2024. This milestone, highlighted by Bloomberg ETF analyst Eric Balchunas, represents an all-time record for ETFs. “It hit this milestone in just 293 days,”
Bitcoin Breaks $71,000 as U.S. Elections Approach
Bitcoin surged above $71,000 on Tuesday, marking a notable 5% gain within 24 hours and breaking through a critical resistance level. The rally, driven by high-volume buying from major traders, or “whales,” comes just a week before the U.S. elections—an event that many believe could positively impact Bitcoin regardless of
Bhutan Begins Moving $66M Bitcoin Stash as Price Surges Above $71,000
The Bhutanese government has started shifting part of its substantial Bitcoin holdings to Binance, following a surge in Bitcoin’s value beyond the $70,000 mark. According to Arkham Intelligence data, Bhutan transferred over $66.5 million worth of Bitcoin in two transactions on October 29, signaling an intent to sell on the
Bitcoin Needs Stronger Spot Demand to Reach and Hold $70K
Bitcoin is demonstrating strength, holding steady around the $68,000 mark and edging towards $69,000. This week’s trading session opened with a move toward all-time highs, as Bitcoin touched $69,000. However, traders are encountering resistance in the $69,000 to $70,000 range, a zone consistently marked by sell walls. Futures Activity Drives
Bitcoin Price Stagnates Amid US Election Uncertainty
Bitcoin’s price remains stuck around $68,952, trading within a narrowing range as the US Presidential Election on November 5 looms closer. The cryptocurrency has struggled to maintain momentum above $69,000 throughout October, with each breakout attempt resulting in a pullback to a rising support zone between $64,000 and $67,000. Tight
Retail Investors Drive Demand for Bitcoin ETFs, Binance Report Shows
In a recent report, Binance revealed that retail investors have dominated demand for spot Bitcoin exchange-traded funds (ETFs), accounting for approximately 80% of total assets under management (AUM). Since launching in January 2024, spot Bitcoin ETFs have attracted substantial inflows, driven primarily by individual investors rather than institutions. Retail Demand
Hacker Returns $19.3 Million from Bitfinex Wallet Back to US Government
A hacker who accessed approximately $20 million in seized funds from the 2016 Bitfinex hack returned $19.3 million to the US government wallet within 24 hours. The breach, which occurred on October 24, initially saw a wallet under US government control drained of crypto assets. Security firm CertiK reports that