Trader Says Altcoin From Bitcoin Ecosystem Has a Lot of Room To Run, Updates Outlook on SEI and BONK

Widely followed crypto trader Altcoin Sherpa is bullish on one altcoin operating in the Bitcoin (BTC) ecosystem. The pseudonymous analyst tells his 205,000 followers on the social media platform X that Stacks (STX) has more upside potential. “STX: entry at $1.75 or around there would be excellent. Eyes on this one.

Timeline of Bonk1, Bitcoin, Sei

Glassnode's model for tracking the “price multiplier” effect for Bitcoin could provide some hints about whether the asset is near the top or not so far. Bitcoin Is Observing A Multiplier Effect Of 4-5x Right Now In a new post on X, the lead on-chain analyst at Glassnode, Checkmate, has discussed the “price multiplier” effect of Bitcoin.

U.S. spot bitcoin exchange-traded funds (ETFs) racked up $4.6 billion in total trading volume on their first day of trading. Blackrock, the world's largest asset manager, debuted with more than $1 billion in trading volume for its Ishares Bitcoin Trust.

The integration of Bitcoin into mainstream markets took a significant leap forward with the SEC's approval to the first spot Bitcoin ETF in the U.S. This benchmark event shows the necessity of understanding its interaction with conventional assets, especially for the traditional investor looking to diversify their portfolios.

Senator Elizabeth Warren, a Democrat from Massachusetts and a member of the Senate Banking Committee has openly criticized the Securities and Exchange Commission (SEC) for its recent decision to approve 11 spot bitcoin exchange-traded funds (ETFs). Warren, known for her cautious stance on cryptocurrency, expressed her concerns in a Thursday post highlighting the urgent need

Bitcoin exchange-traded funds attracted over $4 billion in inflows on their first day of trading on Thursday, according to data shared by Bloomberg's senior ETF analyst Eric Balchunas at market close Thursday. “Easily the biggest Day One splash in ETF history,” the analyst wrote on social media platform X.

Dogwifhat (CRYPTO: WIF) rocketed 124.5% higher on news of ByBit, a cryptocurrency exchange, listing the token. What Happened: ByBit announced that it would list the WIFUSDT Perpetual Contract with up to 25x leverage for trading.

A majority of bitcoin ETF issuers have chosen Coinbase as a custodian, which is a concentration of risk. Even if that is the safest option, new cybersecurity standards are needed for making crypto custody truly safe.

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, cast the deciding vote approving 11 spot bitcoin exchange-traded funds (ETFs) in a landmark decision on Wednesday. Before the approvals, the securities regulator held a vote on spot bitcoin ETFs, with two commissioners favoring and two opposing.

Grayscale Investments has taken a step forward by introducing a unique covered call exchange-traded fund (ETF). This move follows the recent transformation of its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF.

In a recent interview, Michelle Makori from Kitco News spoke with Vijay Boyapati, author of ‘The Bullish Case for Bitcoin, about the U.S. Securities and Exchange Commission (SEC) approving 11 Bitcoin Exchange-Traded Funds (ETFs). The approval, widely expected by the market, has sparked discussions about its potential impact on Bitcoin's price and accessibility.