America’s largest bank is apparently skeptical about recent cryptocurrency market enthusiasm. As Coindesk reported Monday (Nov. 13), a recent research report by JPMorgan Chase calls into question the excitement about the possible approval of spot bitcoin exchange-traded-funds (ETFs) that has led to a bull market for crypto. This sentiment...
Bitcoin experienced a brief surge to a fresh 17-month high Wednesday (Nov. 1) before retreating from the $35,000 mark. The cryptocurrency jumped around 1.5% to $35,185 early Wednesday in New York, surpassing the most recent high set last week and reaching its highest price since...
Investor optimism about the future of exchange-traded funds (ETFs) has apparently been good for bitcoin. As Bloomberg News reported Tuesday (Oct. 24), the world’s largest cryptocurrency reached $35,000 for the first time since last year, driven by the possible approval of the first U.S. spot Bitcoin...
Grayscale Investments, a prominent crypto asset manager, has won a court ruling that requires the Securities and Exchange Commission (SEC) to reconsider its application for the first bitcoin exchange-traded fund (ETF). This ruling is seen as a setback for SEC Chair Gary Gensler’s efforts to regulate the...
As the crypto industry contagion continues to spread and add casualties, bitcoin is conversely looking steady. Bitcoin, the first and most widely recognized virtual currency, is often viewed as a stand-in or proxy for the entire digital asset industry more broadly. While, admittedly, just one...
The bitcoin miner formerly known as Riot Blockchain has rebranded itself as Riot Platforms. Riot Platforms said in a Tuesday (Jan. 3) press release that the new name reflects the fact that it is diversifying its business while remaining driven by bitcoin. Already active in...
To say bitcoin has been volatile would be an understatement. After slumping more than 70% from its peak a year ago, it has most recently been whipsawed amid FTX’s high-profile plummet toward bankruptcy. And yet, for an intrepid and growing base of consumers, the marquee...
It has been a rocky 12 months for bitcoin. One year ago, bitcoin hit its all-time high of $68,789. Today, it’s back below $20,000, having lost 70% over the last 12 months. As bitcoin neared its record high last November, analysts attributed the rally in...
For the first time since mid-June, bitcoin is on track to close out a week without dipping below the psychologically vital $20,000 mark, and spent most of the week above $22,000. In this crypto market, that’s something of a victory. Not much of one, mind...
