Tag: Bitcoin

Bitcoin Price Chart Targets $90K As Transaction Count Hits 17-month High

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Market analysts say Bitcoin (BTC) is showing “renewed bullish momentum” after its 5% rally above $76,000 on Tuesday, with bulls eyeing further gains to $90,000 amid improving network activity. Bitcoin price hits a 70-day high Data from TradingView shows the BTC/USD pair rose over 5% on Tuesday to an intraday high of $76,120, levels last seen on Feb. 6.  The surge saw Bitcoin’s price reclaim key support levels, including the $75,000 zone where the 100-day exponential and simple moving averages converge. “#Bitcoin surged above the $76,000 level, breaking above its…

Bitcoin Hit $76K But Did Bulls Fall Into A Trap?

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Key takeaways: The US Federal Reserve’s shift toward balance sheet expansion may provide the liquidity needed to boost Bitcoin and broader risk markets. The war in Iran and high oil prices might be driving investors toward scarce assets to hedge against rising inflation. On Tuesday, Bitcoin (BTC) price surpassed $76,000 for the first time in over two months, triggering $285 million in leveraged short liquidations. The rally closely tracked the S&P 500, indicating a high probability of a macroeconomic-driven event. Is the war in Iran the only factor behind Bitcoin’s…

Goldman Sachs Targets Income with New Bitcoin ETF Filing

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Goldman Sachs has filed with the US Securities and Exchange Commission (SEC) to launch a Bitcoin-linked exchange-traded fund designed to generate income while limiting exposure to the cryptocurrency’s volatility, according to a preliminary prospectus dated April 14. The proposed Goldman Sachs Bitcoin Premium Income ETF would aim to deliver current income alongside capital appreciation by investing primarily in spot Bitcoin exchange-traded products (ETPs) and related options, rather than holding Bitcoin (BTC) directly. The fund would generate yield by selling call options on Bitcoin-linked ETPs, a strategy that can produce premium…

Goldman Sachs doubles down on Bitcoin exposure with new premium income ETF

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Goldman Sachs is seeking approval to bring a new investment product tied to Bitcoin to the market, according to a prospectus filed with the US SEC on April 14. The proposed fund, called Goldman Sachs Bitcoin Premium Income ETF, would invest in Bitcoin exchange-traded products and derivatives linked to them, and use options strategies such as selling call options to earn premiums. Its objective is to deliver indirect exposure to Bitcoin alongside regular income generation. SHOCK: Goldman jumping into the bitcoin ETF game.. with a filing for a Bitcoin Premium…

Bitcoin nears $76K as fresh Iran talks reports lift crypto markets

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Bitcoin rose more than 1% on Tuesday morning, nearing $76,000 after opening the week with strong momentum. The largest crypto asset by market cap climbed from around $70,000 toward $74,000 on Monday, then briefly topped $76,000 early Tuesday before retracing to about $75,200 by press time. The move came alongside fresh developments in the US Iran conflict. New reports said US officials are considering possible dates and locations for a second in person meeting with Iranian officials before the ceasefire expires next week. Iranian state media, however, said no decision…

US PPI Inflation Relief Sends Bitcoin Price To $76,000

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Bitcoin (BTC) reached monthly highs above $76,000 on Tuesday as US inflation data continued to buoy risk assets. Key points: Bitcoin upside continues as bulls target $76,000 — the highest price since early February. US PPI inflation remains below market expectations despite the war in Iran having no end in sight. Bitcoin traders stay risk-off on overall market strength. Bitcoin tops $76,000 amid fears that “inflation is back” Data from TradingView showed new local highs of $76,038 on Bitstamp — Bitcoin’s best performance since mid-March and on track to hit…

Tether Launches Wallet Supporting Bitcoin and Stablecoins

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Tether, the company behind the world’s largest stablecoin, USDt (USDT), has launched a self-custodial wallet called tether.wallet. Tether.wallet supports three Tether-issued assets: USDT, XAUt (XAUT) and the US-focused USAT (USAT), as well as Bitcoin (BTC), the company announced Tuesday. Tether said the wallet allows users to transact without requiring them to hold separate network or gas tokens, with fees paid directly in the asset being transferred. The wallet also uses human-readable @tether.me usernames, aimed at eliminating the need to interact with long wallet addresses. With some commentators highlighting the potentially…

Tether debuts self-custodial wallet, enabling direct access to Bitcoin, stablecoins

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Tether has rolled out tether.wallet, a fully self-custodial digital wallet designed to simplify access to major digital assets including USDT, USAT, XAUT, and Bitcoin, according to a Tuesday announcement. Until now, the crypto giant mainly operated behind the scenes, powering payments and liquidity across more than 160 countries. Now, with tether.wallet, the firm is transitioning into a consumer app that brings its infrastructure directly to end users. “With more than 570 million people already using Tether’s technology, the next step is making that digital infrastructure even more accessible and usable…

Bitcoin ETFs Post $291M Outflows as BTC Tops $74K

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US-listed spot Bitcoin exchange-traded funds (ETFs) clocked a day of outflows on Monday despite BTC surging above $74,000. Spot Bitcoin (BTC) ETFs recorded $291 million outflows on Monday, the largest daily outflow since March 27, according to SoSoValue data. The selling largely came from the Fidelity Wise Origin Bitcoin Fund (FBTC), which led the outflows at $229 million, according to Farside data. As Bitcoin rose by about 5% on Monday to reach four-week highs near $75,000, the outflows interrupted what had otherwise been a firmer stretch for US Bitcoin ETFs,…

Lib Dems Urge FCA Probe into Farage Over Stack BTC Bitcoin Promotion

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UK Liberal Democrats have urged the Financial Conduct Authority (FCA) to investigate Nigel Farage’s ties to Bitcoin treasury company Stack BTC after it disclosed a 37 Bitcoin purchase and published promotional material featuring the Reform UK leader, who is also a shareholder. In a letter to the FCA, Liberal Democrat deputy leader Daisy Cooper asked the regulator to investigate whether Farage breached market rules by appearing in a promotional video for Stack BTC while holding a financial stake in the company. “The FCA must investigate whether Farage’s plans to cash…