Bitcoin drops 32% as ETF money exits – Yet THIS group isn’t backing off

Bitcoin has faced intense selling pressure, with the asset down 32% from its high of $126,000 on the 6th of October. Exchange-traded funds (ETFs) remain a key channel for gauging Bitcoin market sentiThe post Bitcoin drops 32% as ETF money exits – Yet THIS group isn’t backing off appeared first on AMBCrypto.

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VanEck Gives Official Backing To Donald Trump’s Bitcoin Reserve Strategy

On Tuesday, Matthew Sigel, the head of digital asset research at asset management firm and crypto exchange-traded fund (ETF) issuer VanEck, officially endorsed President-elect Donald Trump’s proposal for a national strategic Bitcoin reserve.

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US Bitcoin reserve asset bill could pass in Donald Trump’s first 100 days – Senator Cynthia Lummis

US Senator Cynthia Lummis remains hopeful that her proposal to establish a national Bitcoin reserve could pass within the first 100 days of Donald Trump’s second presidential term. On Nov. 11, Lummis shared on X that bipartisan backing could propel the bill forward if public support strengthens.

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Bitcoin finally breaches $80K: What will BTC's next ATH be?

Around 4.27% of Bitcoin's supply was backing spot exchange-traded funds at press time. Analyst forecasts a market peak between November 2024 and February 2025. Bitcoin [BTC] continues to shoThe post Bitcoin finally breaches $80K: What will BTC's next ATH be? appeared first on AMBCrypto.

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Why experts are backing cryptos like Vantard, MEW, and Popcat

Cryptocurrency prices are doing well this year, with most of them outperforming traditional assets like the S&P 500, Nasdaq 100, and the Dow Jones. These indices have all jumped by over 15%, while Bitcoin has risen by almost 60%, and is hovering near its all-time high.

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Wrapped Bitcoin supplied on Aave hits record high despite backing fears 

WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama.

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Sky Reconsiders Plan to Offboard Wrapped Bitcoin, After Chat With BitGo CEO

An influential adviser to DeFi lender Sky, formerly known as MakerDAO, now says their concerns have been adequately addressed regarding Tron founder Justin Sun's involvement in the custody of bitcoin backing the WBTC token.

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Coinbase CEO refutes claims of selling ‘paper Bitcoin’ to BlackRock

Coinbase defended its ETF custody and new cbBTC offering.  However, the community sought clarity on its cbBTC BTC backing.  Coinbase hit headlines on 15th September amid intense scrutiny aThe post Coinbase CEO refutes claims of selling ‘paper Bitcoin’ to BlackRock appeared first on AMBCrypto.

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BTC re-staking platform SatLayer secures $8m in pre-seed funding

SaltLayer, a Bitcoin-powered restaking platform built on the Babylon staking protocol, has completed an $8 million pre-seed funding round. According to an announcement posted on X on Aug. 22, the Bitcoin (BTC) restaking platform received backing from several crypto-focused venture…

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Bitcoin bill gains support, thousands push US senators to back it

U. S. citizens are backing a bill to create a Strategic Bitcoin Reserve following remarks from former President Donald Trump and Wyoming Senator Cynthia Lummis. According to Bitcoin (BTC) proponent Dennis Porter, nearly 3,000 U.

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Ethereum ETFs see $2.2B in inflows as Bitcoin gains political backing

CoinShares revealed that digital asset investment products experienced net inflows of $245 million last week. According to the company’s weekly report, the trading volume for exchange-traded products (ETPs) rose to its highest level since May, at $14.

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As Bitcoin Cash Faces Challenges, XRP Whales Make Moves; BlockDAG Presale Hits $61.7M with Alex Pereira’s Backing

Investing in promising crypto is a key strategy for wealth accumulation in 2024, necessitating meticulous strategy. The recent substantial dealings by XRP whales highlight a shift in the mood among major players.

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Here Are 5 Reasons To Be Bullish On Bitcoin, Analyst Says

Market analyst and Bitcoin (BTC) maxi Fred Kreuger has revealed five top reasons investors should purchase the premier cryptocurrency. In a video post on X on Saturday, Kreuger described Bitcoin as a favorable short-term and mid-term investment, backing the asset to remain profitable over the next 12 months.

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Bitcoin wasn’t mentioned in the Trump v Biden debate. Bitcoin didn’t care

BTC briefly rose to $62,000 — this could be a reflection of how Biden’s stumbles may have deterred undecided voters from backing him, making a Trump win more likely. After a flurry of feverish speculation that crypto would be discussed…

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1 Million BTC: 5% Of Entire Bitcoin Supply Is Now Backing Spot ETFs

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Bitcoin Whales Spend $6.3 Billion In One Day As Historic BTC Buy Signal Appears

Bitcoin whales are not backing down from the market and have continued to capitalize on the pump by buying every dip. The most recent dip toward $60,000 saw these large investors gobble up BTC at an alarming rate, with their daily spending coming in at billions of dollars.

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$1M Bitcoin price still in play amid ‘macro liquidity surge’ — Arthur Hayes

Bitcoin has constant bull market backing in the ever-expanding fiat money supply, Arthur Hayes concluded.

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DeeStream’s streaming approach sparks investment surge from VET, Pepe fans

As the Bitcoin halving approaches, DeeStream's presale gains momentum with significant backing from VeChain and Pepe communities. #partnercontent

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Coinbase records second largest BTC outflow amid market correction; $MEDA investors shielded from volatility

While Coinbase saw its second largest Bitcoin (BTC) outflow as the cryptocurrency market corrected, investors in Milei Moneda ($MEDA) have found their investment insulated from turbulence thanks to its strong fundamentals and resilient community backing.

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Goldman Sachs among Wall Street titans backing BlackRock’s Bitcoin ETF

Goldman Sachs, UBS, Citadel, and Citigroup are set to boost liquidity for BlackRocks Bitcoin ETF as newly authorized participants.

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Ethena Onboards Bitcoin as Backing Asset to Make USDe 'Safer'

The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.

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Ethena Labs adds Bitcoin as a backing asset for USDe to enhance scalability and safety

Ethena Labs adds Bitcoin to back its USDe stablecoin, embracing resurgence in the alpha crypto and diversifying backing assets as it scales.

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Vanguard CEO Doubles Down On Anti-Bitcoin ETF Stance – Details

Vanguard Chief Executive Officer Tim Buckley has once again reiterated the investment giant’s stance against the adoption of spot Bitcoin ETF. In a video release also featuring the company’s Chief Investment Officer Greg Davis, Buckley highlighted reasons backing Vanguard’s decision to be a non-partaker in the bubbling Bitcoin ETF market.

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Indian retail and institutional investors to gain access to popular US Bitcoin ETFs

Mudrex, a California-based crypto investment platform with Y-Combinator backing, has announced plans to make U. S. spot bitcoin exchange-traded funds (ETFs) available to both institutional and retail investors in India.

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Bakkt, backed by NYSE owner, faces cash crunch; stock plunges

Bakkt, once hailed as Bitcoin’s potential saviour, is now grappling with a financial crisis that raises doubts about its future. Launched in 2018 with backing from the Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), the crypto platform revealed a precarious financial situation in a filling for an amendment to its […]

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Bitcoin Cash Could Be Legal Tender in St. Kitts by March, Prime Minister Says

The Caribbean nation could join El Salvador and the Central African Republic in backing crypto

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The U.S. Will Weaponize The Dollar By Backing It With Bitcoin

The United States government is likely to back the dollar with bitcoin in order to protect its status as issuer of the global reserve currency.

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Coinbase files brief backing Grayscale’s ETF lawsuit against SEC

Coinbase (NASDAQ: COIN) has filed an amicus brief in support of digital assets manager Grayscale Investments, which is suing the US Securities and Exchange Commission (SEC) over the rejection of the company’s spot Bitcoin ETF application.

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Fidelity, Citadel Securities, Charles Schwab Launch Bitcoin, Crypto Exchange

The group of financial behemoths is launching a bitcoin and crypto exchange to be settled on-chain with the liquidity backing of legacy finance.

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MicroStrategy Files to Sell Up to $500M of Stock to Fund Bitcoin Purchases

The deal is a sign Executive Chairman Michael Saylor isn't backing off his audacious plan to turn his software developer into a bitcoin proxy.

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Grayscale Looks To Score Major Win Against SEC Over Its Spot Bitcoin ETF — How It Could Play Out In Court

Grayscale’s application for a Bitcoin ETF was scuttled by the Securities and Exchanges Commission (SEC) but the company will not be backing down without a fight.

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First Mover Asia: Terra's Difficult Post-Collapse Path: VCs Backing Away, Regulators Jumping on Stablecoins

Some investors see salvageable pieces while others are bemoaning their involvement and want to forget the protocol ever existed; bitcoin gains.

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Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to 80,394 BTC

Summary: The Luna Foundation Guard has bought an additional 37,863 Bitcoin worth $1. 5 billion The purchase is in line with Do Kwon’s goal of backing UST with digital asset reserves worth $10 billion The Luna Foundation Guard now holds 80,394 BTC The Luna Foundation Guard has acquired an additional 37,863 Bitcoin worth $1.

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Bitcoin-Backed Mortgages And Pristine Collateral Discussed At Bitcoin 2022

Bitcoin as an asset is a perfect form of collateral and will likely be used to provide financial backing for mortgages and other forms of debt.

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Bitcoin dips below $43k – UST backing not enough as Fed turns hawkish

The market price of bitcoin stayed pretty much flat for most of the first week in April. The post Bitcoin dips below $43k – UST backing not enough as Fed turns hawkish appeared first on CryptoSlate.

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US Crypto Miners Are Determined To Boost Their Hash Power Despite Bitcoin’s Drop

Bitcoin’s price has fallen by more than three months, but US crypto miners aren’t backing down from adding more powerful computers to their operations. A large chunk of Bitcoin mining occurred in the US, based on IP addresses from so-called hashers that employed certain crypto mining pools last year, according to Statista, a German company […]

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El Salvador’s Government Is Providing Legal Cover For The Novel Bitcoin Bonds By Creating 20 Bills For Them

El Salvador is forging ahead with the plans to launch bitcoin bonds. The new plans will involve the creation of new legislation to give legal backing to the bonds. The country first adopted Bitcoin as legal tender in September 2021 and has made significant strides.

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Will Elon Musk Accept? The Husks of Dogecoin and Shiba Inu watch the release of HUH Token

Earlier this year, billionaire entrepreneur Elon Musk placed his weight behind Dogecoin, a meme currency that was founded as a joke on the development of Bitcoin in 2013. The backing drove the once-obscure cryptocurrency into the mainstream, and it enjoyed one of the finest runs of its lifespan.

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Why the launch of Europe’s first Bitcoin ETF is good news for mainstream adoption

Anyone who closely follows the cryptocurrency industry will know that applications to launch Bitcoin Exchange Traded Fund (ETFs) have been backing up like planes waiting to land at Heathrow. The post Why the launch of Europe’s first Bitcoin ETF is good news for mainstream adoption appeared first on CryptoSlate.

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Crypto Market Forecast: Week of October 11th 2021

A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin leads the rest of the digital asset market as its appeal as a macro hedge grows. Institutions are backing the asset with activity on marketplaces like the CME beginning to surge.

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Over 150 Million People Backing Bitcoin Means It Has Intrinsic Value, Says Mike Novogratz

The fact that Bitcoin is backed by over 150 million people around the world means it has intrinsic value according to the Billionaire CEO of Galaxy Investment Partners Mike Novogratz. He expelled fears of a massive Bitcoin sell-off saying in an interview with CNBC that people are buying Bitcoin based on the slow depreciation of […]

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Cathie Wood Reiterates $500K Bitcoin Call, Reveals Ethereum Rebalancing

Ark Invest’s chief executive officer and chief investment office Cathie Wood, is backing up her bold claim that Bitcoin will reach $500,000. In the same interview, Wood revealed her firm’s increasing confidence in Ethereum following the 2.

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How To Back Up Your Bitcoin Seed With RoninSteel

How to take your bitcoin self custody to the next level by backing up your wallet recovery seed on a stainless-steel, fire-proof plate.

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50 Years Since The Gold Standard Ended, Bitcoin Is Needed More Than Ever

Just over 50 years ago, Richard Nixon ended the U.S. dollar’s gold backing. In the 50 years since, it’s been clear that we need Bitcoin.

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BNY Mellon Joins 6 Major Banks in Backing New Bitcoin Exchange

Pure Digital says the first trade will take place on its platform “within a week," and that it will be a bitcoin trade between banks.

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A new rumor emerges claiming that Apple bought over $2B in Bitcoin (BTC)

News, rumors, and anything else that might affect how people feel about any specific coin have always had a very strong impact on crypto prices. Since cryptos have no real-world asset backing them up and giving them value, news and new developments have been pushing the prices up and down.

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Why China’s Renewed Bitcoin Crackdown Isn’t Telling On Many Significant Levels

Even as Bitcoin attempts to gain a footing in the now downsized market owing to massive dumping witnessed in May following China’s ban on crypto-related activities, the PBOC seems not to be backing down on its move against Bitcoin miners and traders but instead, seems to have intensified its crackdown. On July 6, the Beijing […]

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World’s Biggest Interdealer Broker Prepping To Make Crypto Market Debut With Bitcoin, Ether

Two of the biggest global financial giants — Fidelity Investments and Standard Chartered — are set to make their mark in the crypto space with the backing of a new crypto exchange and trading platform, created by the market-leading intermediary brokerage firm, TP ICAP.

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Keen On Dogecoin Beating Bitcoin ‘Hands Down’, Elon Musk Backs New DOGE Upgrade

Elon Musk, the second-richest man in the world, has restated his support for the Shiba Inu-inspired meme cryptocurrency Dogecoin. This time, Musk is backing a new proposal that will significantly improve the coin’s fee policy.

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