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Bitcoin Hits Two-Month High as CPI Steadies and Short Covering Accelerates

Bitcoin reached a two-month high, driven by a steady Consumer Price Index (CPI) and increased short covering among traders. The CPI data indicated stable inflation, which boosted investor confidence in the cryptocurrency market. As a result, many short positions were liquidated, further propelling Bitcoin's price upward. This surge reflects a broader positive sentiment in the crypto market, as traders react to macroeconomic indicators. Overall, Bitcoin's recent performance highlights its resilience amid fluctuating economic conditions.

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Lower volatility, bigger allocations: Ark Invest sees bitcoin entering its next chapter

Ark Invest believes that Bitcoin is entering a new phase characterized by lower volatility and increased institutional allocations. The firm highlights that Bitcoin's price stability is attracting more investors, leading to larger investments from institutions. Ark's analysis suggests that this trend could enhance Bitcoin's

Solana ETFs Draw in $23.6M, Hitting a Four-Week High

Solana exchange-traded funds (ETFs) have attracted $23.6 million in investments, marking a four-week high for the asset class. This surge in interest comes as Solana's price has seen a significant increase, contributing to the growing popularity of its ETFs. The recent performance reflects a broader trend of

Stablecoins and self-custody are driving the rise of crypto neobanks

The rise of crypto neobanks is being fueled by the increasing adoption of stablecoins and self-custody solutions. These neobanks offer users the ability to manage their digital assets more independently, reducing reliance on traditional banking systems. As stablecoins provide a more stable value compared to volatile cryptocurrencies, they are becoming

Morning Minute: Coinbase Withdraws Support of Clarity Act, Markup Delayed

Coinbase has withdrawn its support for the Clarity Act, which aimed to provide clearer regulations for digital assets. The decision comes as the markup of the legislation has been delayed, causing uncertainty in the crypto regulatory landscape. This move reflects Coinbase's concerns about the current state of crypto

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Lower volatility, bigger allocations: Ark Invest sees bitcoin entering its next chapter

Solana ETFs Draw in $23.6M, Hitting a Four-Week High

Stablecoins and self-custody are driving the rise of crypto neobanks

Morning Minute: Coinbase Withdraws Support of Clarity Act, Markup Delayed