Bitcoin ETFs are experiencing daily trading volumes of nearly $6 billion, marking a resurgence to levels last witnessed in late March. Concurrently, the price of BTC has surged to reach new highs for May.
pSTAKE is one of the latest protocols designed to enhance Bitcoin's potential for generating yields with increased capital efficiency.
Bitcoin's value has begun to decrease, undoing earlier increases, as recent macroeconomic indicators suggest that broader economic factors are currently the primary influences. With the Producer Price Index (PPI), Consumer Price Index (CPI), and a speech from Federal Reserve Chair Jerome Powell slated for this week, it's anticipated that Bitcoin's value will continue to face downward pressure and encounter fluctuations.
Kenya's President William Ruto is seeking to establish a regulatory framework for cryptocurrency, with assistance from Marathon.
Over the past decade, wallets have seen an extraordinary surge of 50,000%, demonstrating the significant growth and enduring promise of Bitcoin.
A South Korean convenience store has partnered with the local exchange Bithumb to offer Bitcoin meal boxes, allowing customers to potentially receive small amounts of Bitcoin when making purchases.
Grayscale's Bitcoin ETF experienced significant outflows, surpassing the $66.9 million it had attracted just days prior.
Over the past two months, Bitcoin (CRYPTO: BTC) has reaffirmed its status as one of the most volatile assets globally. Following a peak of $73,750 in mid-March, Bitcoin swiftly declined, closing below $57,000 by April's end.
Bitcoin experienced its lowest point in more than two months as May began, coinciding with the Federal Reserve's decision to maintain interest rates at their current level.
On Tuesday, six newly introduced spot bitcoin and ether exchange traded funds (ETFs) in Hong Kong saw positive gains during their debut, with three bitcoin ETFs surging over 2% by midday, showcasing Asian investor interest in cryptocurrency assets.