The new fund offering comes as bitcoin struggles to break out of a bear market, trading around $67,000, down about 23% year to date. IBIT, which debuted in January 2024, has amassed nearly $49 billion in assets, making it the largest spot bitcoin ETF on the market. The fund has seen significant outflows since the…
Bitcoin’s BTC$66,465.91 drop below $60,000 earlier this month spurred investors to pile into the largest cryptocurrency, with almost 260,000 BTC bought over 10 days and one measure of demand increasing to its highest possible level. Investors have bought a net 259,298 BTC since June 5, paying between $59,000 and $67,000, according to Glassnode UTXO Realized…
Rate hikes are typically bearish for risk assets like cryptocurrencies, especially from the BOJ, whose long era of ultra-low rates had supported global equity and bond bull markets. The positive crypto reaction likely stemmed from a key dovish element in the announcement: the BOJ’s decision to pause its bond taper. As InvestingLive noted, “The bond…
XRP finally broke through the $1.20 level that had capped rallies for weeks, but buyers couldn’t keep control of the move. After climbing as much as 10% and briefly trading near $1.25, the token ran into profit-taking that pushed it off session highs, putting the focus back on whether the breakout can hold rather than…
US spot bitcoin ETFs lost a net $64 million on Monday, even as spot ETFs for ether, XRP, Solana and Hyperliquid all pulled in fresh cash. On the surface, that looks like a clean rotation out of bitcoin and into everything else. Ether funds gained $22.5 million, Hyperliquid funds $17.2 million, and the XRP and…
Bybit, one of the world’s top cryptocurrency exchanges by trading volume, has launched options trading on Tether Gold (XAUT), a token that provides you ownership of real physical gold. The XAUT options are now live and allow traders to hedge risk, speculate on gold price movements, trade volatility, and build custom strategies through Bybit’s Request…
Bitcoin BTC$65,905.52 briefly traded above $67,000 late Monday before slipping back under $66,000 in a move that is indicative of how cautiously crypto is treating the Iran peace deal that has rallied other markets. The token changed hands at $65,845 on Tuesday, up 0.3% over 24 hours and 4.8% on the week, per CoinDesk data….
Chipmaker Nvidia has reportedly become the latest company to tap the AI debt boom with a planned $20 billion bond offering, underscoring the relentless demand for AI infrastructure and data centers that has also created new opportunities for Bitcoin miners diversifying beyond crypto. On Monday, Bloomberg reported that Nvidia is seeking to raise at least…
Some of the fighters in Sunday’s Ultimate Fighting Championship (UFC) event on the White House lawn will be paid bonuses in stablecoins issued by the Trump family crypto company World Liberty Financial. On Monday, World Liberty confirmed that UFC would pay up to $250,000 in bonuses using USD1, the US dollar-pegged stablecoin issued by the…
Bitcoin climbed to its highest level in nearly two weeks after the US and Iran reached a deal to end hostilities and reopen the Strait of Hormuz, removing the energy-supply fear that had weighed on markets for months. The token traded around $65,844 on Monday, up 2.1% over 24 hours, after touching a low near…
