
Bitcoin Wavers as Regulatory Discussions Heat Up in Washington
Bitcoin’s price fluctuated between $57,000 and $59,000 amid various market influences, while U.S. lawmakers intensify focus on crypto regulation.
Bitcoin’s price fluctuated between $57,000 and $59,000 amid various market influences, while U.S. lawmakers intensify focus on crypto regulation.
Bitcoin ETFs and crypto funds have experienced a significant downturn, with massive capital outflows since March, as investors lose confidence due to economic uncertainty and the Federal Reserve’s stance on interest rates.
Raoul Pal, the founder and CEO of Real Vision and Global Macro Investor, has disclosed his biggest meme coin investments, with Whiff and Bonk being his two equally weighted top bets. He also holds Dogecoin and believes it could potentially become the next meme coin ETF.
BlackRock’s Bitcoin exchange-traded fund (ETF), IBIT, has reached a significant milestone by amassing over $1 billion in assets under management. This achievement highlights the increasing interest and adoption of digital assets within traditional investment circles.
Bitcoin rallied to a two-year high today, breaking above $68,000 as a surge of investment flows propelled the cryptocurrency within striking distance of its all-time record. The price hit a session high of $68,580, just shy of the record $68,999.99 set in November 2021.