Marathon Digital, a leading Bitcoin mining company, has recently made waves in the cryptocurrency world by announcing a massive $100 million investment in BTC. This significant investment demonstrates the company’s unwavering confidence in the long-term potential of the pioneering cryptocurrency, despite previous price drops. The recent press release from MARA (formerly known as Marathon Digital)
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The recent launch of spot Ethereum ETFs has left many investors disappointed, especially when compared to the successful launch of spot Bitcoin ETFs earlier this year. While the initial day showed promise with over $106 million in net flows, the following days saw a concerning trend of outflows, with more than $341.8 million being pulled
The launch of Ethereum exchange-traded funds (ETFs) on US stock exchanges this year was met with anticipation. However, the initial trading days left much to be desired. Despite the greenlight from the US Securities and Exchange Commission and substantial inflows on the first trading day, the following days saw significant outflows, particularly from Grayscale’s ETHE.
Jan van Eck, the CEO of the investment management company VanEck, made headlines at the BTC Conference in the States by revealing that more than 30% of his portfolio is allocated to Bitcoin. This move is significant considering that VanEck is known for launching spot Bitcoin ETFs earlier this year, with the HODL ETF currently
Starting out as a writer covering various topics, Semilore Faleti eventually carved out a niche for himself in the realm of blockchain technology and cryptocurrency. His passion for understanding the complexities of digital assets and their role in modern finance drove him to delve deeper into this fascinating world. Specialization in Cryptocurrency Semilore’s dedication to
Kennedy suggests that the federal government should invest in Bitcoin until its value matches that of the country’s gold reserves. The current US gold reserves are estimated at 8,133 tonnes, valued at approximately $615 billion. This proposed investment would translate to around 9.4 million BTC, which is almost 45% of the total Bitcoin supply. Kennedy
Since the launch of the Spot Ethereum ETFs, the price of Ethereum has unexpectedly struggled, with a decline of approximately 10% in value. This surprising turn of events has left investors puzzled as they anticipated a positive impact following the introduction of the ETFs. An analysis from Matrixport has shed light on the factors contributing
Over the past week, Ethereum experienced a significant price drop of over 10% despite the launch of several Ethereum ETFs. This unexpected turn of events has transformed the previously strong support level at $3,300 into a resistance level. If buyers fail to reclaim this level soon, there is a possibility that sellers may drive the
During the recent industry day of the annual Bitcoin conference in Nashville, Tennessee, Robert Kennedy Jr., an independent candidate for the US presidency, revealed an ambitious financial policy plan that could potentially transform the United States into the world’s largest holder of Bitcoin. His strategy involves strategic acquisition of Bitcoin, valued at $619 billion, to
On Friday, July 26, a significant number of Bitcoin and Ethereum options contracts are set to expire, with a total notional value of approximately $6 billion. This expiry event is particularly noteworthy due to its size and the timing at the end of the month. The Bitcoin options contracts have a put/call ratio of 0.61,
