While bitcoin’s price has remained above $ 68,000, onchain fees tagged along for the ride. Earlier this month, fees were below $ 1, but two days ago on Oct. 17, the average transfer fee hit a peak of $ 6.32. Today, onchain fees stand at around 22.9 satoshis per virtual byte (sat/vB), …
JPMorgan analysts are showing optimism as bitcoin exhibits strong upward trends moving into the fourth quarter. They highlighted October’s historically positive returns for the cryptocurrency and suggested this trend could persist. “We continue to see the crypto ecosystem being incrementally more sensitive to macro factors,” the analysts noted. JPMorgan Sees Bright Prospects for Bitcoin in […]
A survey conducted by Rico, an investment platform in Brazil, revealed young investors’ preference for cryptocurrency as an investment tool. According to the results, 34.6% of all investors aged 24 to 35 held crypto in their portfolios, making it the fourth most popular investment behind savings, fixed-income products, and stocks. Young Investors in Brazil Have […]
Senator Cynthia Lummis of Wyoming is preparing to introduce new legislation that would require the Federal Reserve to hold bitcoin as a strategic reserve asset, as reported by Fox Business News. According to three anonymous individuals with knowledge of the matter, the bill is set to be announced at the annual Bitcoin Conference in Nashville, […]
Based on the recent data, the nine newly introduced ethereum exchange-traded funds (ETFs) saw $ 106.78 million in inflows on Tuesday. Blackrock took the lead with $ 266.55 million in trading volume throughout the day. Blackrock Dominates Inflows as Nearly Half a Billion Exits ETHE The newly introduced ethereum ETFs performed admirably on …