Bitcoin's price is soaring, reaching about $68, 000, up by 9. 5% over the past week and 2. 8% in a single day. This surge is fueled by investors flocking to U. S. spot bitcoin ETFs, which saw a massive inflow of over half a billion dollars in one day. According to Farside, this is the largest daily inflow since June. Fidelity's Wise Bitcoin Origin Fund led the way wi...
Recession Fears Sink Crypto Market, But Is It Just a Blip on the Radar? The crypto market has taken a tumble, with Bitcoin and US cryptocurrency-related shares plummeting in value. But is this a sign of impending doom or just a normal correction in an otherwise volatile market? To answer this question, let's take a closer look at the recent events that have led to t...
The world of cryptocurrency has been abuzz with excitement in recent years, and the latest report from New World Wealth and Henley & Partners has shed new light on the phenomenon. According to the report, the number of bitcoin millionaires has more than doubled in the last year, rising to a staggering 85,400. This represents a 111% increase in just 12 months, with th...
In the midst of a broader market selloff, investors are pulling their money out of Bitcoin ETFs at an alarming rate. More than $287 million was withdrawn from the 11 U.S.-listed ETFs on Tuesday, the largest outflow in four months, according to Farside Investors data. This sudden exodus raises questions about the sustainability of the crypto market. What if the assump...
The world of finance is abuzz with the news that Morgan Stanley, one of the largest wealth management firms, is now allowing its 15,000 financial advisors to offer bitcoin ETFs to select clients. This move marks a significant shift in the adoption of bitcoin by mainstream finance, and raises important questions about the future of cryptocurrency investing. But first,...