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Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip
25Jul By OLAJIDE SAMUELNo Comments
Bitcoin

Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip

In a recent interview with crypto influencer Scott Melker, Bloomberg Intelligence's senior macro strategist, Mike McGlone, reaffirmed his long-term prediction of Bitcoin (BTC) reaching $100,000. However, he cautioned that the cryptocurrency could experience a significant dip before achieving that milestone. McGlone emphasized that he initially made the call for Bitcoin to reach $100,000 when it was trading below $20,000. While he remains confident in the six-figure price target for the long term, he believes it is more likely for Bitcoin to undergo a 50% correction and fall to the $20,000 level or even establish a new low before embarking on a parabolic trajectory. Read Also: Binance Heeds LUNC Rebel's Call for More Trading Pairs on LUNC To support his forecast, McGlone pointed to...
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Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent
13Jul By Adaralegbe Tosin MNo Comments
Bitcoin

Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent

In a recent tweet that sparked excitement within the cryptocurrency community, the CEO of Grayscale Investments, Michael Sonnenshein, expressed his confidence in the eventual approval of a spot Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Sonnenshein's tweet read, "It's a matter of when, it's not a matter of if" a spot #Bitcoin ETF gets approved by the SEC, igniting speculation about the future of cryptocurrency investment. https://twitter.com/BitcoinMagazine/status/1679176669108617230 The announcement by the influential CEO, whose firm manages the world's largest Bitcoin investment trust, comes after years of attempts by various entities to gain regulatory approval for a Bitcoin ETF. The SEC has historically been cautious about approving s...
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CBOE Bitcoin ETF Applications Forge Surveillance-Sharing Agreements with Coinbase, Await SEC Decision
12Jul By OLAJIDE SAMUELNo Comments
Bitcoin

CBOE Bitcoin ETF Applications Forge Surveillance-Sharing Agreements with Coinbase, Await SEC Decision

In a significant development for the cryptocurrency industry, all five spot Bitcoin exchange-traded fund (ETF) applications submitted by the Chicago Board Options Exchange (CBOE) have reached surveillance-sharing agreements with Coinbase, a leading cryptocurrency exchange. This news, shared by Bitcoin Magazine, has sparked anticipation as market participants eagerly await the Securities and Exchange Commission's (SEC) decision on these groundbreaking ETF proposals. Read Also: Renowned Author of "Rich Dad, Poor Dad" Predicts the Demise of the US Dollar, Foresees Bitcoin Surging to $120,000 Next Year. https://twitter.com/BitcoinMagazine/status/1678774627743707138 Surveillance-Sharing Agreements Boost CBOE Bitcoin ETF Applications The CBOE's pursuit of Bitcoin ETFs has gained momentum...
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Former SEC Chairman Praises Institutional Interest in Bitcoin as “Remarkable”
11Jul By Onche Michael ONo Comments
Bitcoin

Former SEC Chairman Praises Institutional Interest in Bitcoin as “Remarkable”

In a recent tweet by Bitcoin Magazine, a former chairman of the U.S. Securities and Exchange Commission (SEC) he expressed his admiration for the growing institutional interest in Bitcoin. The former SEC chairman described it as "remarkable" that major financial institutions, including BlackRock, are willing to associate their reputations with the leading cryptocurrency. His comments reflect a shifting sentiment within the regulatory and financial sectors towards the recognition and acceptance of Bitcoin as a legitimate asset class. Read Also: Grayscale Expresses Concerns Over SEC's Differential Treatment of Bitcoin ETFs https://twitter.com/BitcoinMagazine/status/1678473730647793700 Former SEC Chairman (Jay Clayton) Praises Institutional Investors as Bitcoin take a significant move ...
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BONE Surpasses ETH and BTC, Attracting Attention from Seasoned Crypto Enthusiast Eric Cryptoman
4Jul By OLAJIDE SAMUELNo Comments
Shiba Inu

BONE Surpasses ETH and BTC, Attracting Attention from Seasoned Crypto Enthusiast Eric Cryptoman

In a recent tweet, well-known crypto enthusiast Eric Cryptoman has drawn attention to the remarkable performance of Bone ShibaSwap's native gas token, BONE, which has surpassed the market giants Ethereum (ETH) and Bitcoin (BTC) by a factor of 4x. Cryptoman, renowned for his support of unconventional cryptocurrencies, highlighted the liquidity and potential investment attractiveness of BONE, further speculating on its prospects. Read Also: Terra Classic Community Divided Over Proposal To Appoint Binance CEO CZ As Ecosystem Leader Cryptoman Expresses bullishness towards BONE. Cryptoman's tweet, accompanied by a screenshot displaying an impressive 16.73% surge in the value of BONE, serves as a follow-up to his previous post from last month. In that post, he identified a support level for...
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Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential
3Jul By OLAJIDE SAMUELNo Comments
Bitcoin

Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential

Institutional investors are displaying a notable surge in their accumulation of Bitcoin, signalling growing confidence in the long-term potential of the leading cryptocurrency. Analysis of fund holdings reveals a clear upward trend in institutional entities' cryptocurrency portfolios, demonstrating their keen interest in acquiring Bitcoin, even at its current price level. This accumulation pattern showcases a patient and strategic approach distinct from the short-term investment strategies employed by other market participants who closely monitor price fluctuations. Read Also: Binance Conducts 11th Terra Classic (LUNC) Token Burn Amid Community Disputes https://twitter.com/cryptoquant_com/status/1675678718659006464 Hedge funds Seeks long-term investment opportunities in Bitcoin He...
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Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation
28Jun By CryptolifedigitalNo Comments
Bitcoin

Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation

Bitcoin miners have recently initiated a substantial movement of funds, transferring more than $1 billion worth of Bitcoin (BTC) to various cryptocurrency exchanges. This significant development within the crypto industry has ignited widespread speculation and sparked debates among market participants. https://twitter.com/cryptoquant_com/status/1673890203000512512 Bitcoin Miners Move Over $1 Billion Worth of BTC The movement of such a substantial amount of BTC by miners has raised eyebrows within the cryptocurrency community. As the backbone of the Bitcoin network, miners play a vital role in securing the blockchain and validating transactions. However, their decision to transfer such a massive sum to exchanges has triggered speculation regarding their intentions and the potential imp...
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Fidelity Readies $4.5 Trillion Spot Bitcoin ETF Filing, Propelling Crypto Adoption
28Jun By OLAJIDE SAMUELNo Comments
Bitcoin

Fidelity Readies $4.5 Trillion Spot Bitcoin ETF Filing, Propelling Crypto Adoption

In a groundbreaking move for the cryptocurrency industry, Fidelity Investments, one of the world's largest asset managers with $4.5 trillion in assets under management, is reportedly preparing to file for a spot Bitcoin exchange-traded fund (ETF). This development signals a significant step toward the mainstream adoption of digital assets and could have far-reaching implications for both the financial and crypto markets. https://twitter.com/BitcoinMagazine/status/1673786304956616706 Fidelity To Launch a $4.5 Trillion spot Bitcoin ETF Fidelity's decision to launch a spot Bitcoin ETF underscores the growing recognition of cryptocurrencies as a legitimate asset class among institutional investors. The move also highlights the increasing demand for regulated investment vehicles that provi...
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Bitcoin Dominance Surpasses 50% as Cryptocurrency Market Evolves.
24Jun By OLAJIDE SAMUELNo Comments
Bitcoin

Bitcoin Dominance Surpasses 50% as Cryptocurrency Market Evolves.

In a significant milestone for the cryptocurrency market, Bitcoin dominance has officially surpassed 50%, reflecting the growing influence and resilience of the world's largest cryptocurrency. This achievement marks a turning point in the ever-evolving landscape of digital currencies as Bitcoin consolidates its position as the leader amid a diverse range of alternative cryptocurrencies. With Bitcoin Magazine breaking the news, the milestone underscores Bitcoin's enduring appeal and serves as a testament to its longevity and market acceptance. Read Also: Potential Synergy between Bitcoin and Shiba Inu (SHIB) Sparks Speculation of Explosive Growth https://twitter.com/BitcoinMagazine/status/1672341650188713985 Bitcoin Dominance Reaches New Heights Bitcoin, the pioneering digital curre...
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SEC Grants Approval for Launch of First Leveraged Bitcoin Futures ETF in the United States
24Jun By OLAJIDE SAMUELNo Comments
Bitcoin

SEC Grants Approval for Launch of First Leveraged Bitcoin Futures ETF in the United States

In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has approved the launch of the first-ever leveraged Bitcoin futures exchange-traded fund (ETF) in the United States. The announcement, shared by Bitcoin Magazine via Twitter, marks a milestone for both the cryptocurrency and traditional finance sectors as investors gain access to new avenues for Bitcoin exposure. Read Also: Binance Empowers Global Law Enforcement with Cybercrime Combat Training in Kazakhstan https://twitter.com/BitcoinMagazine/status/1672282268495392768 SEC Agrees to The Leveraged Bitcoin Futures ETF The SEC's decision to greenlight the leveraged Bitcoin futures ETF reflects a growing acceptance and recognition of cryptocurrencies within the regulatory fr...
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