Bitcoin

Goldman Sachs is now the largest investor in Bitcoin ETFs

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Goldman Sachs is investing in BTC ETF

The financial firm holds $1.4 billion in the IBIT fund, managed by BlackRock. In March, Goldman Sachs acknowledged Bitcoin’s (BTC) significant growth. If it exchanged ETF shares for Bitcoin, Goldman Sachs would hold approximately 20,176 BTC. Financial giant Goldman Sachs has taken a decisive step in the digital asset market by becoming the largest identified investor in spot Bitcoin (BTC) … Read more

Who is selling Bitcoin in 2024?

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Bitcoin trades in 2024

In this article we try to explain the reason why Bitcoin cannot surpass its all-time high in 2024.

The price of Bitcoin (BTC) fell today to $65,000 (USD), sharpening last week’s retreat, which exhibits greater supply. “Who the hell is selling?”, questioned the renowned analyst Willy Woo in this context.

Investors in Bitcoin exchange-traded funds (ETFs) in the United States ended the last week with outflows of $580 million. This comes after they recorded four consecutive weeks of capital inflows, as seen below.

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What is double spending in cryptocurrencies?

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What is double spending?

Double spending in digital transactions consists of the possibility of spending the same digital currency more than once. This occurs due to counterfeiting or duplicating digital files representing the currency. Risks include the creation of fraudulent coins, currency devaluation, and loss of trust among users. To prevent it, there are both centralized and decentralized prevention methods, with blockchain technology being … Read more

What are Bitcoin ETFs?

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Bitcoin ETF proposals

ETFs stand out as financial products capable of introducing digital assets to traditional investment markets Exchange-Traded Funds (ETFs) are investment funds that are traded and marketed in the same way as a corporate stock on traditional exchanges such as Nasdaq or NYSE. These funds are designed to track the price of the assets they comprise, forming a unit of value. … Read more

Bitcoin breaks correlation with the Nasdaq index

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Correlation between Bitcoin and Stocks

For the first time since July 2023, the correlation between both assets, Bitcoin and the Nasdaq 100 stock index, enters negative territory. Nasdaq 100 includes a hundred non-financial technology companies from the United States. Stock markets have fallen due to the turmoil of conflicts in the Middle East. Bitcoin (BTC) has lost correlation with major Wall Street stocks while remaining … Read more

De-dollarization of the global economy is underway and these 5 facts demonstrate it.

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Multiple factors come together, driving countries in Asia, Latin America, the Middle East, and elsewhere to seek alternatives to the dollar. The dollar’s share as a global reserve currency has fallen above 50%.  Bitcoin emerges as an alternative to break the dollar’s hegemony. The dollar is under threat as many countries explore methods to trade without the US currency. This … Read more

Whales are accumulating bitcoin, what does this mean for the market?

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Binance spot trading volume soars on whale purchases of BTC. Despite the bitcoin (BTC) bear market, there are signs of significant buying by large whales, CryptoQuant CEO Ki Young Ju noted on Twitter. These BTC purchases could indicate that there are entities that are seeing an investment opportunity at current prices, below USD 20,000. Binance’s spot BTC trading volume rose … Read more

What is a bitcoin futures contract?

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Bitcoin futures contracts offer traders greater flexibility and access to leverage for greater exposure. Futures contracts are a type of financial derivatives that allow the trader to speculate on the price movements of assets such as commodities, stock indices, or cryptocurrencies, such as bitcoin. Bitcoin futures contracts allow you to speculate on the price of bitcoin at a future date. … Read more

What are the factors that can sink bitcoin further or give it back its bullish momentum?

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What is double spending?

June ends with bitcoin’s worst monthly close since 2011, down 37%. If the control of inflation in the US works, the markets will resume the boom. Ending the first half of the year, the bearish outlook in the bitcoin market is accentuated. June is about to close with the biggest monthly losses since 2011, around 37%, while the price drop … Read more

Bitcoin price falls from 20,000 dollars and challenges its history in the market

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At the time of writing this article, bitcoin is trading above $19,100. So far this week, the drop exceeds 27%. What market analysts and investors feared has finally happened: the price of bitcoin broke the level of 20,000 dollars downwards this Saturday, June 18, which also implies the breaking of a historical pattern for the cryptocurrency in the market. During … Read more

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