Crypto Rover, a popular crypto-analyst, recently shared his insights in a YouTube video and analyzed the situation with Bitcoin and the reasons for the price drop. The analyst insights focus on the key trends, the effects of Ethereum and Bitcoin spot ETFs, and the large sell-off by Mt. Gox to help give a richer picture […]
Bitcoin spot ETFs
Race Is On As Hong Kong Eyes Ethereum ETF Launch Before The U.S.
Local media reports indicate that around 10 financial institutions in Hong Kong have plans to apply for Bitcoin spot ETF listings. Additionally, Ethereum spot ETFs are under active discussion as the region aims to enhance its position in the global crypto market. This news comes about two months after the first Bitcoin spot ETFs launched […]
Bitcoin’s Bleeding: 11% Plunge Erases New Year Gains, Dips Toward $40k Zone
The price of the world’s leading cryptocurrency, Bitcoin, has taken a nosedive, plunging 11% in a weekly chart that now hovers dangerously close to the $40,000 zone. This stark reversal erases all the gains made during the promising early weeks of 2024. The slump comes in the wake of the much-anticipated approval of Bitcoin spot […]
Historic Week As Bitcoin Spot ETFs Surpass $10B In Trading Volume In 3 Days
In a historic week for the cryptocurrency market, U.S. Bitcoin spot exchange-traded funds (ETFs) have witnessed a staggering trading volume of nearly $10 billion within just three days. Analysts have closely observed the performance of major ETFs, including Grayscale GBTC, BlackRock’s IBIT, and FBTC, as the market experiences both highs and lows. Bloomberg analyst James […]