Anthony Pompliano, Chairman and CEO of ProCap Financial, assessed the key factors behind the recent rally observed in the cryptocurrency market. Pompliano, a leading figure in the crypto asset ecosystem, argued that macroeconomic factors, monetary policies, and changes in global cash flow are behind the upward trend. According to Pompliano, Bitcoin is the financial asset […]
BlackRock’s spot Bitcoin ETF, IBIT, has processed more than $5 billion in conversions from direct Bitcoin holdings, according to a Bloomberg report. This marks a sharp increase from the $3 billion recorded in October last year, signaling a growing trend among investors to move digital assets into regulated exchange-traded products. Why Investors Are Moving From […]
Bitcoin pierced the $80,000 mark overnight, reaching as high as $81,300 before pulling back to roughly $79,000, according to chart analysis from Verified Investing chief market strategist Gareth Soloway. The pullback has raised a question for traders. Does this rally confirm a new bull market, or is Bitcoin simply testing resistance in an ongoing bear […]
The US Treasury has formally brought digital assets into the financial sector’s preparations for quantum computing threats. On Aug. 24, the US Treasury launched its Quantum-Readiness Task Force, with one of three workstreams dedicated to digital assets and emerging-technology risks. The other tracks cover broader post-quantum cryptography adoption and third-party vendor readiness. Treasury Secretary Scott […]
Bitcoin $BTC$75,582.18 climbed as high as $79,400 on Friday, adding 8.8% since midnight UTC as a rally kicked off by the U.S. Treasury on Wednesday gathered steam. The largest cryptocurrency was trading recently just below $78,000. The Treasury’s bond buyback announcement helped extend bitcoin’s gains from earlier in the week. It’s now climbed for five […]
While the previous week of trading saw significant gains across the market, with Bitcoin (BTC) rising 24%, Ethereum (ETH) 31%, and XRP 50%, few major cryptocurrencies soared as much as the OFFICIAL TRUMP (TRUMP) meme coin. Specifically, the commander-in-chief’s digital asset rallied 75% within just seven days, surging from $1.39 on August 18 to $2.43 […]
The recent strong surge in Bitcoin’s price signals the beginning of a new bull run in the market, according to the on-chain analytics platform CryptoQuant. The company noted that its Bitcoin Bull Score indicator rose from 30 to 80 in just one week, marking the fastest market regime change in the past year. According to […]
As Dogecoin (DOGE) price surged by more than 26% over the past seven days, reaching a market capitalization of $15.27 billion on Tuesday, it retested a major year-to-date (YTD) resistance level. After its impressive rally last week, DOGE price has been trapped in a consolidation over the past three days. This large-cap dog-themed memecoin has […]
In brief Gold climbed toward $4,700 an ounce Tuesday, reaching its highest level since mid-May. Bitcoin crossed $80,000 for the first time in three months as the dollar weakened. Gold-backed ETFs recorded $3 billion in net inflows in July after two consecutive months of outflows. Gold climbed to a three-month high Tuesday, extending its August […]