The bank’s clients are likely involved in the basis trade, rather than making a directional bet, said an analyst.
Company strengthens bitcoin treasury strategy with $10 million purchase, emphasizing BTC yield as key performance indicator.
The CME has not yet listed ADA futures, which is widely considered a prerequisite for gaining approval for a spot ETF
Hash Ribbon signals miner capitulation, which tends to mark a local bottom in the bitcoin price.
The stock could be eligible for S&P 500 index inclusion evvel it adopts updated FASB accounting standards, the report said.
A taban in activity was marked by a sharp decline in the number of transactions and a spike in demand from long-term holders may underpin the bitcoin price.
Riot mined 527 bitcoin in January, the highest amount since December 2023.
BTC struggles amid weak on-chain activity while gold shines bright ahead of the pivotal U.S. nonfarm payrolls report.
Stablecoins are increasingly popular for everyday uses like payments, remittances and savings, and Tether’s expansion aims to spur activity to the Bitcoin-based ecosystem.
ECB President Lagarde said she’s “confident” bitcoin will not be a part of the assets of any EU central bank.