Joseph Young is a financial analyst based in South Korea. He has covered Bitcoin and the crypto market since 2013. He regularly contributes to the BTC Times, Forbes, and Cointelegraph.
The Bitcoin Fund (TSX:QBTC.U), an exchange-traded fund (ETF) operated by Canadian digital asset manager 3iQ that trades on the Toronto Stock Exchange, has cracked the $100 million milestone.
The Bitcoin Fund currently has 7.51 million stocks outstanding, according to 3iQ. Following its 4.14% increase in the
Numerous exchange data points indicate that a prolonged Bitcoin uptrend is nearing. Chris Russi, CIO at Point-Slope Capital, shared three key metrics from CryptoQuant to show the overall optimism surrounding Bitcoin’s current price cycle.
Negative Netflows and Whale Ratios Suggest Dropping Selling Pressure
Throughout 2020, net outflows on cryptocurrency
Jay Clayton, Chairman of the U.S. Securities and Exchange Commission (SEC), says he is willing to facilitate the tokenization of exchange-traded funds (ETFs).
According to International Investment, Clayton said at a conference hosted by the U.S. Chamber of Digital Commerce that he is open to talks about the
According to a report published by Fidelity Digital Assets, investment portfolios with a low single-digit percentage allocation to Bitcoin would have seen notably increased annual returns in the past five years.
The report analyzed how Bitcoin could have benefited a 60/40 portfolio consisting of stocks and bonds, with bonds
The number of bitcoin on cryptocurrency exchanges has been rapidly declining, indicating a significant drop in selling pressure.
Bitcoin reserves of exchanges often indicate whether there is selling pressure as bitcoin holders typically deposit to exchanges to sell their holdings. When Bitcoin exchange reserves substantially drop over an extended period
According to data from the on-chain market analysis firm Glassnode, whales appear to be actively accumulating Bitcoin.
Bitcoin addresses holding over 1,000 bitcoin. Source: Glassnode
Since the March 13th crash, when the Bitcoin price briefly dropped below $3,600, the number of Bitcoin addresses holding over 1,000 bitcoin
Real Vision Group CEO Raoul Pal foresees an impending “big move” for Bitcoin in the near term.
On his Twitter account, Pal shared a tweet showing that Bitcoin's historic 30-day volatility has dropped to 20% a total of seven times since 2016. Every time Bitcoin’s 30-day volatility
News of U.S. President Donald Trump's infection with COVID-19 was quickly followed by a Bitcoin price drop. While the drop itself may be considered minor, with losses of around 1.5%, the gold spot price increased by 1% during the same time frame.
There are several potential
