For all Bitcoin investors, this is also a lofty goal in 2023. This month, the world's largest cryptocurrency appreciation exceeded 33%. By the time of press release, BTC, supported by the strong upward trend, had a trading price of more than 23000 US dollars. Today, ETFs related to Bitcoin are also strong.
Interestingly, the Valkyrie Bitcoin Miners ETF - We are Gonna Make It - coded WGMI has soared by an astonishing 100% this month, becoming the best performing fund this month. WGMI ETF technology is 25% ahead of the latter competitor of foreign equity funds.
Valkyrie Bitcoin Miner ETF includes mining enterprises such as Riot Blockchain, Digithost Technologies, Marathon Digital Holdings, Bitarms and Hive Blockchain Technologies. After experiencing the cruel 2022, all of these enterprises inhaled fresh O2 in January and moved towards the moon at the same time. Mohit Bajaj, head of WallachBeth Capital ETF, told Bloomberg News:
"Bitcoin has risen by 40% so far this year, which is promoting the demand for basic stocks". In addition, many of these stocks have a weak taste in trading, "so when over-buying occurs, it will also lead to a higher price error."
As mentioned earlier, with the rapid recovery of Bitcoin and the overall encryption space, ETF tracking enterprises related to cryptocurrencies have ushered in a promising start. On the other hand, this rebound has brought much-needed help to Bitcoin miners who have been facing serious business challenges last year.
In addition to WGMI Bitcoin Miner ETF, other funds related to digital assets also performed well this month. This includes VanEck Digital Asset Discovery ETF (DAM), Bitwise Crypto Industry Innovators ETF (BITQ), Global X Blockchain ETF (BKCH) and VanEck Digital Transformation ETF (DAPP), etc., all of which have increased by more than 60% this month.
More importantly, further into 2023, we will fully consider the complex and volatile environmental analysis, and whether the growth of cryptocurrency will continue. BTC is currently experiencing the latter friction resistance of US $25000.
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023