Crypto News
Bitcoin ETFs Steal Gold’s Shine
The price of gold has shot up nearly 45% since February 2024 to $2,927.10 per ounce according to gold.org, but Bloomberg exchange-traded fund (ETF) Analyst Eric Balchunas says “No one cares,” in a post on X. Indeed, gold ETFs have virtually stalled within that same timeframe, while spot bitcoin ETFs have amassed more than $40Source link
SEC Acknowledges CoinShares XRP and Litecoin ETF Filings
The SEC has acknowledged filings from CoinShares to list XRP and Litecoin ETFs, according to a Wednesday filing.Source link
Bitcoin Rewards App Fold Goes Public, Begins Trading on Nasdaq
Bitcoin rewards company Fold began trading on the Nasdaq Wednesday under the ticker FLD, with shares rising after the start.Source link
Quantum Storm Brewing: Can Bitcoin Outrun Microsoft’s Million-Qubit Countdown?
On Wednesday, Satya Nadella, chairman and CEO at Microsoft, unveiled a quantum computing breakthrough featuring the company’s Majorana 1 chip. This achievement, notably his remark about a “clear path to a million-qubit processor,” has already sparked discussions about Bitcoin’s alleged vulnerability. Microsoft’s Majorana 1 Chip Ignites More Quantum vs. Bitcoin Debate Since December, Bitcoin hasSource link
Bitcoin Could Drop to $86K as Demand, Network Activity Falter: CryptoQuant
Bitcoin (BTC) quickly bounced back from the Tuesday dip to $93,000, but downside pressure still persists risking a deeper pullback to $86,000, CryptoQuant analysts said. Waning demand, faltering blockchain activity and lack of liquidity inflows to crypto are among the factors that could drag BTC lower, the report said.Demand for bitcoin, which picked up in late 2024 amid optimism over easing regulatory headwinds on Trump's election win, is now retreating. CryptoQuant data shows that demand growth slumped to 70,000 BTC recently from the 279,000 BTC peak on December 4. Inflows to spot BTC exchange-traded funds (ETF), a typical occurrence during bitcoin’s previous rallies, have disappeared, booking regular net outflows over the past two weeks after previously seeing as much as...