Early Tuesday, an additional 9,000 bitcoins changed hands as Grayscale, the entity behind the Grayscale Bitcoin Trust (GBTC), transferred them to exchange platforms amid ongoing net sell-offs triggered by its shift to a spot exchange-traded fund (ETF). Just past 14:30 UTC, right when U.S. equities re-opened after a long weekend, Arkham Intelligence recorded these coins…
When economic growth stalls while inflation creeps upward—a phenomenon known as stagflation—traditional investments tend to falter. Yet, this very scenario often boosts the appeal of scarce assets like gold, as highlighted in the report. Regarded as “hard money” similar to digital gold, bitcoin emerges as a contemporary safeguard for preserving value, the analysis emphasizes. Following…
Following Friday’s startling downward revisions in jobs growth that sent shockwaves through crypto markets, the ISM Services PMI has now started to consistently signal a more sluggish economic pulse than previously assumed. July’s ISM Services index registered at 50.1, noticeably beneath the anticipated 51.5 mark. Since any figure above 50 signals growth while below points…
While crypto traders juggle the positive vibes from thawing U.S.–Japan trade spats, signals hint at weakening bitcoin (BTC) demand around the $112,200 mark and a rise in protective option plays. Asian Markets Gain Momentum The MSCI Asia Pacific Index nudged up by 0.5%, eyeing a fifth consecutive day of upward momentum. Japan’s Nikkei-225 made a…
Touching a six-month peak near $63,000, Bitcoin surged alongside the unveiling of ProShares Bitcoin Strategy ETF (NYSE: BITO) on Tuesday — the U.S. market’s pioneering bitcoin-related ETF. Closing the day with a solid 4.65% gain, BITO settled close to $41.80 per share. By 4:02 p.m. ET, shortly after U.S. markets shuttered on Monday, its trading…