President Donald J. Trump has made bold statements regarding his vision for Bitcoin in the United States. He aims to position the US as a “Bitcoin superpower” and maintain its dominance in the cryptocurrency space against competitors such as China. Trump has expressed his commitment to ensuring that the US government holds onto its Bitcoin
Marathon Digital, a leading Bitcoin mining company, recently announced a massive $100 million investment in BTC, despite previous price drops in the cryptocurrency market. This significant investment showcases the mining giant’s unwavering confidence in the long-term potential of Bitcoin. With this latest BTC acquisition, Marathon Digital has increased its balance sheet holdings to approximately 20,000
The launch of spot Ethereum ETFs last Tuesday was met with initial enthusiasm, as evidenced by the $106 million in net flows on the first day. However, this optimism quickly dissipated as the following days saw significant outflows totaling $341.8 million. In comparison, spot Bitcoin ETFs had a much more successful start, with inflows totaling
Semilore Faleti is a prominent cryptocurrency writer known for his expertise in journalism and content creation within the blockchain and cryptocurrency space. With a focus on educating both newcomers and veterans in the industry, Semilore has made significant contributions to the understanding and adoption of digital assets. Starting his career by writing on various topics,
The cryptocurrency industry has faced a series of ups and downs in 2024, with the approval of exchange-traded funds (ETFs) tracking Ethereum’s performance by the US Securities and Exchange Commission being one of the highlights. While the initial enthusiasm surrounding the ETF launch led to substantial inflows, the market quickly turned sour in the following
The CEO of VanEck, Jan van Eck, recently shared his thoughts on Bitcoin during the BTC Conference in the United States. Van Eck emphasized the importance of Bitcoin in the modern financial landscape, stating that over 30% of his portfolio is allocated to this primary digital asset. VanEck is a prominent player in the investment
Kennedy’s proposal for the federal government to purchase Bitcoin until it matches the value of the nation’s gold reserves is a bold and controversial idea. With US gold reserves currently valued at around $615 billion, acquiring 9.4 million BTC would make up almost 45% of the total Bitcoin supply. This move raises questions about the
In the aftermath of the launch of the Spot Ethereum ETFs, the price of ETH has surprisingly continued to struggle, defying the expectations of many in the market. The launch of the ETFs, which was initially met with excitement, has turned out to be a ‘sell the news’ event. Since the start of trading on
Despite the excitement surrounding the launch of several Ethereum ETFs this week, the price of Ethereum actually experienced a significant drop of over 10%. This unexpected turn of events transformed the ETF launch into a sell-the-news moment for investors. The support level at $3,300 has now turned into a resistance level, potentially pushing ETH down
During the industry day of the annual Bitcoin conference in Nashville, Tennessee, Robert Kennedy Jr., an independent candidate for the US presidency, presented a bold financial policy plan that has the potential to revolutionize the United States’ monetary policy. His plan involves strategically acquiring Bitcoin to match the current US gold reserves, valued at $619