Tag: “Crypto”

Bitcoin and other cryptocurrencies were falling on Monday. The initial wave of buying after the approval of exchange-traded funds tied to spot trading of Bitcoin looks to have been exhausted.

The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, in a watershed for the world’s largest cryptocurrency and the broader crypto industry.

The price of bitcoin fell during late afternoon trading Tuesday following a false social media post from the X account of the U.S. Securities and Exchange Commission that stated the agency had approved bitcoin exchange-traded funds for trading.

Bitcoin was rising as the crypto sector remains on tenterhooks over the potential approval of exchange-traded funds tied to spot trading of Bitcoin, with a regulatory deadline looming Wednesday.

A slump in Bitcoin on Wednesday saw the cryptocurrency erase almost all gains it had made so far this year, bucking a long-running upswing that outperformed a global malaise in traditional assets.

Bitcoin rose toward $45,500 in early trading, up 7% over the past 24 hours, amid hopes the Securities and Exchange Commission will shortly begin approving Bitcoin exchange-traded funds. It’s the first time the world’s largest cryptocurrency has topped $45,000 since April 2022.

Bitcoin and other cryptocurrencies were largely gaining on Thursday. Enthusiasm continues to build ahead of the expected approval of exchange-traded funds which will hold Bitcoin directly.

Το ράλι στις αγορές κρυπτονομισμάτων στα τέλη του 2023 έχει οδηγήσει σε ιστορικά υψηλά πολλά κρυπτονομίσματα.

Bitcoin and other cryptocurrencies gained on Thursday—despite an absence of major crypto catalysts—as traders remained bullish on the momentum behind digital asset prices into the end of the year.

The world’s largest cryptocurrency surged more than 5% on Monday in Asia to a 19-month high, and was trading at $41,667 as of 7:20 am ET, based on Coin Metrics data.

Binance Holdings’ CEO Changpeng Zhao has stepped down from managing the crypto exchange and has pleaded guilty in federal court to anti-money-laundering violations, U.S. law-enforcement officials said on Tuesday.

Cryptocurrency exchange Coinbase on Thursday beat estimates for third-quarter revenue, but saw trading volumes decline for the second quarter in a row, sending shares of the company down in after-hours trading.

Coinbase is confident that a U.S. bitcoin exchange-traded fund will be approved by the Securities and Exchange Commission, the company’s chief legal officer, Paul Grewal, told CNBC.

Bitcoin 2.14% and other cryptocurrencies surged Monday on the rising possibility that the Securities and Exchange Commission soon will approve the first spot Bitcoin exchange-traded fund, a key catalyst for cryptos.

Grayscale Investments won in court, and now it wants the Securities and Exchange Commission to move quickly to let it convert the Grayscale Bitcoin Trust +0.38%  into an exchange-traded fund.

The U.S. Court of Appeals for the D.C. Circuit sided with Grayscale in a lawsuit against the SEC, greatly improving the chances that a bitcoin exchange traded fund will be approved. The SEC had earlier denied Grayscale’s application to convert its Grayscale Bitcoin Trust to an ETF.

Ripple is confident that U.S. banks will start wanting to use XRP for cross-border transactions after a judge gave the firm a partial victory in its fight against the SEC, General Counsel Stu Alderoty told CNBC.

Bitcoin BTCUSD –0.68% was gaining Friday, but smaller cryptocurrencies stole the show after a federal judge delivered token issuer Ripple a partial win in a case against the Securities and Exchange Commission with broad implications for crypto.

Bitcoin climbed beyond $28,000 for the first time this month on the tailwind from BlackRock Inc.’s application to start a US exchange-traded fund.

Cryptocurrency prices fell after the Federal Reserve’s June meeting, with bitcoin falling below $25,000 for the first time since March.