Bitcoin Price

Evolve wins second Canadian Bitcoin ETF as Ontario regulator approves application

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North America’s second Bitcoin (BTC) exchange-traded fund received regulatory approval on Tuesday, offering another potential entry point for institutional investors to access digital assets. Less than three weeks after filing a preliminary prospectus for a Bitcoin ETF, Evolve Funds Group Inc announced Tuesday that its fund has been approved by the Ontario Securities Commission, or OSC. …

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Morgan Stanley: Cryptocurrencies Here to Stay as Serious Asset Class, Bitcoin Making Progress to Replace Dollar

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<div class=”featured_image_container”> </div> <strong>Morgan Stanley’s chief global strategist says that “regardless of where the price of bitcoin goes next, cryptocurrencies are here to stay as a serious asset class.” He added that bitcoin is making progress towards replacing the dollar as a medium of exchange.</strong> Morgan Stanley Bullish on Bitcoin and Cryptocurrencies Morgan Stanley’s head …

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USDT-settled futures contracts are gaining popularity, here’s why

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When BitMEX launched its Bitcoin (BTC) perpetual futures market in 2016, it created a new paradigm for cryptocurrency traders. Although this was not the first platform to offer BTC-settled inverse swaps, BitMEX brought usability and liquidity to a broader audience of investors. BitMEX contracts did not involve fiat or stablecoins and even though the reference …

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Bitcoin’s Coinbase premium turned negative. Here’s what it means for BTC price

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Bitcoin’s (BTC) definitive breakout above $50,000 may have to wait longer to materialize as spot buying pressure on Coinbase Pro shows signs of weakening — at least, in the short term.  The Coinbase Premium Index, which measures the gap between the BTC price on Coinbase Pro and Binance, has flipped negative, according to CryptoQuant. In …

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Key Bitcoin price metric signals traders are positioned for $50K BTC

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Bitcoin (BTC) price posted a 25% gain after this week’s news of Tesla’s $1.5 billion BTC investment came out. Prior to this reveal, BTC was lagging behind Ether’s (ETH) performance by 7.5% but the numerous bullish events of the past few days helped BTC to hit a new all-time high at $48,900. Previous to Tesla’s …

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Bitcoin bulls eye $50K as data show BTC’s liquid supply in steady decline

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On Feb. 12 Bitcoin (BTC) price hit a new all-time high at $48,985 before pulling back to the $46,000 level.  A quick glance at the 4-hour chart shows the top-ranked cryptocurrency trading in what appears to be a brief phase of consolidation but BTC is still maintaining its bullish momentum through a pattern of higher …

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Ethereum killers and layer-2 tokens rally despite 5% Bitcoin price drop

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On Feb. 10, Bitcoin (BTC) price pulled back 5% from its newly established $48,220 high and a number of altcoins also underwent slight corrections.  Data from Cointelegraph Markets and TradingView shows Bitcoin has declined 4.96% since yesterday’s highs and currently trades at $44,900. The pullback to the $45,000 level could simply be the result of …

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Cryptocurrency market cap hits $1.4T and surpasses Google stock

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Cryptocurrency markets have hit a significant milestone shortly after Elon Musk’s Tesla officially announced their investment in Bitcoin (BTC). For the first time in history, the crypto market has surpassed Alphabet’s GOOG and GOOGL in terms of market capitalization. On Feb. 10, the total crypto market cap hit $1.413 trillion, overtaking the market cap levels …

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China Was Questioning Tesla About Quality Problems. Then Bitcoin Happened

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Tesla’s $1.5 billion bitcoin investment couldn’t have come at a better time for the electric car manufacturer. As it happened, about the time the company revealed its massive stake in the cryptocurrency on Feb. 8, Chinese officials had announced that five agencies were questioning Tesla about quality and safety issues. Specifically, China’s State Administration for …

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Stablecoin flows hint at $50K Bitcoin after Tesla pump liquidates $500M in BTC shorts

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Bitcoin (BTC) has extended its rally over $46,000 on Feb. 9, a day after a U.S. Securities and Exchange Commission (SEC) filing revealed that Tesla bought $1.5 billion worth of BTC. The price of Bitcoin immediately soared from around $39,000 to $45,000 across major exchanges on Feb. 8 after the news began to spread. BTC/USD 1-hour …

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