At 11 a.m. Eastern Time (ET) on Jan. 11, 2024, the newly launched spot bitcoin exchange-traded funds (ETFs) boasted a remarkable trading volume of $2.3 billion. However, in a dramatic turn of events later that afternoon, bitcoin’s spot markets experienced a steep decline, with prices falling below the $46,000 mark following a short-lived ascent to $49,000.
Bitcoin Reaches $49K High Before…
Fundstrat Says Bitcoin Is Headed for $150K — Predicts BTC Could Hit $500K in 5 Years
January 12, 2024
Financial research firm Fundstrat’s head of research has predicted that the price of bitcoin is headed for $150K and could hit $500K in five years. Emphasizing the cryptocurrency’s finite supply and “a potentially huge increase in demand with a spot bitcoin…
PRESS RELEASE. Lithuania, 10th Jan 2024: In a groundbreaking move, Bit.Store has become the first crypto card service to integrate BRC20 tokens (Bitcoin Originals) for card recharges. This pioneering step demonstrates Bit.Store’s commitment to innovation in the…
Robert Kiyosaki Predicts BTC Will Soon Hit $150K as SEC Approves Bitcoin ETFs — Says 'I Will Be Buying More Bitcoin'
January 11, 2024
Rich Dad Poor Dad author Robert Kiyosaki has predicted that the price of bitcoin will hit $150,000 “soon,” as the U.S. Securities and Exchange Commission (SEC) approved spot bitcoin exchange-traded funds (ETFs). He emphasized that he will be buying more bitcoin. Kiyosaki has issued diverse bitcoin price predictions, with his most eye-catching one reaching a staggering $1 million.
Robert…
Ethereum Bounces Back: Surpasses 2-Year Low Against Bitcoin Following Erroneous SEC Announcement
January 11, 2024
On Jan. 9, 2024, ethereum’s value relative to bitcoin plummeted to its lowest level since November 2021. Yet, in the past 24 hours, ether has rallied, gaining 3.66% against bitcoin, recovering from this two-year low.
Ether Rebounds Strongly in Wake of SEC Misstep
On…
Coinbase’s recent 2024 Market Outlook report was followed by a fresh analysis from its institutional arm, focusing on the pivotal market happenings linked to two leading cryptocurrencies: bitcoin and ethereum. This new report, titled “Q1 2024 Guide to Crypto Markets”…
Amid the excitement surrounding the approval of spot bitcoin exchange-traded funds (ETFs), U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler issued a statement emphasizing that the regulator did not approve or endorse bitcoin by approving spot bitcoin ETFs. Gensler insisted that most crypto assets are securities, warning: “Investors should remain cautious about the myriad risks…
Ethereum Steals the Spotlight — SEC's Approval of 11 Bitcoin ETFs Meets Tepid Market Reaction
January 11, 2024
In a landmark decision, the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin exchange-traded funds (ETFs), a move long anticipated by crypto enthusiasts. Despite this historic regulatory nod, the price of bitcoin witnessed stale action over the past 24…
South Korea Proposes Ban on Credit Card Crypto Purchases
January 10, 2024
Amidst a national surge in crypto trading, South Korea’s FSC is proposing a significant change to their credit finance laws, potentially barring citizens from the use of credit cards in cryptocurrency transactions.
South Korea Aims to Tighten Crypto Regulations with…
Report: Japan's E-Commerce Giant Mercari to Accept BTC Payments
January 10, 2024
Starting in June, users of Mercari, one of Japan’s biggest e-commerce platforms, will be able to pay for products using bitcoin. Users of the platform will also be able to use proceeds from sales to buy and sell bitcoin.
Mercari Set to Continue Displaying Yen Prices
One of Japan’s biggest online marketplaces, Mercari, has announced that soon its customers will be able to make payments using…
