Ex-Goldman Sachs Executive Urges Investors to Buy Bitcoin and Crypto Now
June 22 (Cointime) - Raoul Pal, CEO of Real Vision, advises investors to start buying digital assets, including Bitcoin and other cryptocurrencies, due to favorable macroeconomic conditions. He predicts that the Exponential Age will cause AI and other innovative technology stocks to rise, along with crypto assets.
Gemini Co-Founder Cameron Winklevoss Claims "Great Accumulation of Bitcoin" Has Begun as ETF Filing Deadline Nears
June 22 (Cointime) - Gemini crypto exchange co-founder Cameron Winklevoss has claimed that the "great accumulation of Bitcoin" has begun, sparking speculation among investors and enthusiasts. Winklevoss drew comparisons between the previous decade, when Bitcoin emerged as the best investment, and the current decade, which presents an opportunity for the best trade. He emphasized that the window to purchase pre-IPO Bitcoin before ETFs go live and open the floodgates is closing fast. Big players in traditional finance, including BlackRock and Fidelity Investments, have filed for the spot Bitcoin ETF application, boosting investor confidence.
Binance.US Bitcoin Order Books Struggle with Poor Liquidity Amid Regulatory Rumbles
June 21 (Cointime) - Binance.US, the US arm of the global crypto exchange, is facing criticism from regulators and has been struggling to maintain some of its largest bitcoin order books. On Tuesday evening, the platform displayed the price of bitcoin at over $138,000 for its tether market, almost 400% higher than spot prices elsewhere.
Bitcoin Surges to $138,000 on Binance.US in Temporary Price Spike
June 21 (Cointime) - According to exchange data, Bitcoin experienced a sudden surge to $138,000 on Binance.US before quickly returning to normal levels. This surge was likely due to low liquidity for Bitcoin against Tether on the exchange, as market depth data shows a smaller buy can have a larger impact on prices. Binance.US's market depth has decreased by 76% compared to May, indicating a decrease in market makers and traders on the exchange. The surge was not caused by a trader willing to pay a 450% premium for Bitcoin, as it currently trades for just over $29,000 in European morning hours.
Ethereum's Price Surges 4.8% in 24 Hours Amid Market-Wide Recovery and Institutional Investment Influx
June 21 (Cointime) - In the past 24 hours, Ethereum's value has risen by 4.8%, following a market-wide recovery led by Bitcoin, which saw a surge of over 7%.
Binance CEO CZ Supports New Crypto Exchange EDX Backed by Prominent Financial Institutions
June 21 (Cointime) - Binance CEO CZ has shown his support for a new cryptocurrency exchange called EDX, which is backed by prominent financial institutions including Citadel Securities, Fidelity Investments, and Charles Schwab.
Cathie Wood Predicts Bitcoin Could Reach $1 Million by 2030: Factors For and Against
June 20 (Cointime) - Cathie Wood, CEO of Ark Invest, has predicted that Bitcoin could reach $1 million by 2030, which would be a 40x increase from its current price of around $25,000.
XRP Price Continues to Decline as Bitcoin and Ethereum Experience Bullish Trends
June 20 (Cointime) - XRP's price is still down by 2.1% despite bullish trends in Bitcoin and Ethereum. Ripple CEO Brad Garlinghouse is advocating for regulatory clarity in the US and criticizing the SEC's enforcement approach. XRP investors are hoping for a recovery, but the lower ascending trendline must be defended if declines continue.
BitMEX Co-Founder Arthur Hayes Bullish on Bitcoin Rally Despite US Treasury Dept's TGA Refill
June 20 (Cointime) - According to BitMEX co-founder Arthur Hayes, the impact of the US Treasury Dept issuing treasury bills on the crypto and stock markets is not as significant as expected. He believes that risk assets like Bitcoin will soon start to rally. Hayes has created a custom US dollar liquidity index to track how the TGA refill will affect the US dollar liquidity.
Cardano's Downtrend Could Last Five More Months, Says Analyst Benjamin Cowen - Here's His Outlook
June 20 (Cointime) - Crypto analyst Benjamin Cowen predicts that Cardano's bear market may continue for the rest of 2023 before hitting bottom. Cowen suggests that monitoring the ADA/BTC pair and its ability to hold at around 0.000004 BTC ($0.11) could signal a bottom for the smart contract protocol.
ARK Invest CEO Cathie Wood explains Why Flagship Fund is increasing Position in Coinbase despite SEC Lawsuit against Binance
June 20 (Cointime) - Cathie Wood, CEO and CIO of ARK Invest, has explained why her flagship fund, Ark Innovation, is increasing its position in Coinbase shares despite the SEC's lawsuit against Binance. ARK Invest purchased almost 330,000 shares of Coinbase on June 6, 2023, worth about $17 million at the time. Wood believes that if Coinbase wins its legal battles with the SEC, it will become the only cryptocurrency exchange in the USA.
Fed Chairman Powell's Testimonies and Ripple's Legal Battle Could Impact Bitcoin and Crypto Markets This Week
June 19 (Cointime) - The past week has been significant for the Bitcoin and crypto markets, with the US Federal Reserve's interest rate decision and BlackRock's application for a Bitcoin spot ETF.
Bitcoin and Altcoins Experience Price Increases After SEC Lawsuits Against Binance and Coinbase
June 17 (Cointime) - Bitcoin and Ethereum have both seen price increases over the past two days, with Bitcoin rising from under $25,000 to just under $27,000. This comes after a period of decline following the SEC's lawsuits against Binance and Coinbase. Other altcoins have also seen gains, with Solana experiencing the largest increase among the top 10. The crypto market cap has risen by over $60 billion in the past two days.
Bitcoin Surges Briefly After BlackRock iShares' ETF Filing, Hong Kong Banks May Not Be Ready for Crypto Clients
Bitcoin saw a surge in prices followed by stabilization, while other cryptocurrencies have recovered some of their losses. However, Hong Kong's banks are not yet ready to support the city's ambition to become a cryptocurrency hub due to strict requirements. The US regulatory system is outdated, leading many projects to seek better-regulated jurisdictions in Asia and the Middle East.
Federal Reserve Chair's Statement Raises Concerns About Bitcoin's Future Trajectory
June 16 (Cointime) - Investors are worried about the future of Bitcoin's price following Federal Reserve Chair Jerome Powell's recent statement about interest rates. Speculation is growing about a potential crash that could bring Bitcoin's value down to $20,000.
Crypto Investors Remain Jittery as Bitcoin Dips to Three-Month Low and Tether Deviates from $1 Peg
June 16 (Cointime) - Bitcoin and major altcoins remained stagnant after a dip to a three-month low, causing concern among crypto investors. Tether's USDT stablecoin was knocked from its $1 peg due to market sell-offs on Uniswap and Curve pools. The US Securities and Exchange mentioned MATIC, the token of the smart contracts platform Polygon, among 19 cryptocurrencies in its lawsuits against Binance and Coinbase.
Fedi Launches Federated Operating System to Achieve Mass Adoption of Bitcoin
June 15 (Cointime) -Obi Nwosu, a long-time Bitcoin advocate, is developing a new project called Fedi with the goal of promoting mass adoption of the cryptocurrency. Fedi's approach involves "Federations," which allow communities to maintain control over their finances, data, and digital lives while safeguarding privacy and autonomy. Recently, Fedi launched a pop-up federation at BTC Prague, providing exclusive features such as access to event schedules, Lightning Network-based sats transfers, and chat messaging.
Bitcoin Stays Below $25,000 as US Economic Policy Changes Cause Three-Month Lows
Bitcoin remained below $25,000 on June 15 after a reaction to changes in US economic policy led to three-month lows. The US Federal Reserve paused interest rate hikes, but Fed chair Jerome Powell suggested that fresh hikes may be necessary in the future to control inflation. Markets placed more than a 70% chance of a hike at the next Federal Open Market Committee meeting in July. Keith Alan, co-founder of monitoring resource Material Indicators, described Powell as "all bark, no bite".
Bitcoin Price Drops After U.S. Federal Reserve Holds Interest Rates Steady
June 15 (Cointime) - The Federal Reserve in the US has decided to maintain its federal funds interest rate at 5.25% after a series of rate hikes. Following the announcement, the price of Bitcoin fluctuated and briefly exceeded $26,000 before dropping back down, according to TradingView data. Currently, Bitcoin is trading at approximately $25,830 and has experienced a slight decrease of 0.5% today.
Bitcoin Supply on Crypto Exchanges Hits Lowest Level Since February 2018 Amid SEC Accusations
June 14 (Cointime) - According to data from Santiment, the supply of Bitcoin on crypto exchanges has reached its lowest point since February 2018. The recent drop is attributed to the accusations made by the SEC against major exchanges Binance and Coinbase for offering unregistered securities to US customers. The data also shows a steady decline in supply since 2020, indicating that traders and investors are opting for self-custody.
