A surge in both bitcoin and altcoin prices drove the entire crypto ecosystem into $4 trillion territory for the first time in history. Historic Crypto Peak: Market Tops $4T on Back of Bitcoin Bull Run Bitcoin ( BTC) topped $122K early Monday morning before easing back to $119K. But despite the slight pullback, the digital
South Korean retail investors are pivoting away from Big Tech stocks in the United States into high-risk, high-reward crypto-linked equities. A Yonhap News Agency report citing data from the Korean Center for International Finance (KCIF) said the percentage of crypto-linked stocks in the top 50 net-bought stocks by South Korean investors rose from 8.5% in
Story Highlights Trump Media updates SEC filing for Truth Social Bitcoin ETF, aiming for NYSE Arca listing. Truth Social Bitcoin ETF will directly hold Bitcoin, offering investors secure crypto market exposure. Crypto.com appointed official custodian, ensuring secure storage of ETF’s Bitcoin holdings for investors. If approved, ETF joins growing list of U.S. spot Bitcoin funds
Stablecoin issuer firm Paxos has applied for a national bank trust charter with the Office of the Comptroller of the Currency (OCC), making it the latest U.S. stablecoin company to seek federal regulatory oversight. According to a Monday press release, Paxos aims to convert its New York Department of Financial Services (NYDFS) trust charter into
Cryptocurrency research firm QCP reported that Bitcoin (BTC) surpassed $122,000, recouping last week’s losses. Ethereum (ETH) surged 21% in the last seven days, surpassing $4,300 for the first time since 2021. According to the report, BTC is currently highly correlated with US stock markets, with investors’ eyes on the Consumer Price Index (CPI) data to
Bitcoin exchange-traded funds staged a solid recovery last week with $260 million in inflows after two consecutive weeks of outflows, but still fell short of Ethereum fund’s $268 million performance as digital asset products posted $572 million in combined weekly flows. The inflows came in after weathering significant early-week turbulence that saw $1 billion flow
Simon Gerovich, CEO of Metaplanet, said that Bitcoin is a critical tool for preserving wealth in both high-inflation and low-inflation environments. The head of Metaplanet, a publicly traded company based in Japan, stated that individuals, especially in countries experiencing high inflation, need Bitcoin to protect their savings in the face of the collapse of local
Crypto exchange Bullish has raised the size of its initial public offering to $990 million from $629 million, as the company looks to take advantage of a hot market for crypto firms. CoinDesk is a subsidiary of Bullish. According to a filing with the Securities and Exchange Commission on Monday, Bullish is aiming to sell
Bitcoin price staged a strong bullish breakout on Sunday and into Monday, flirting with its all-time high. Momentum may continue as the fear and greed index climbs and Citi analysts boost their stock forecast. Summary Bitcoin price is targeting $125,000 as Citi boosts its S&P 500 Index forecast. The analyst cited the strong quarterly earnings