Blockchain
$1 Trillion Bitcoin – Crypto Braced For Sudden Wall Street ‘Fomo’ Shock After $50,000 ETF Price Pump
Bitcoin BTC 0.0% has suddenly surged, topping $50,000 per bitcoin for the first time since late 2021 and making the near 20 million bitcoin in circulation worth a combined $1 trillion (with another massive Federal Reserve “bailout” now on the horizon).
The bitcoin price, which has staged a miraculous recovery from its 2022 price crash, has ridden a Wall Street exchange-traded fund (ETF) push into bitcoin—that’s seen the likes of BlackRock and Fidelity hoover up huge amounts of bitcoin alongside a looming supply shock.
Now, as Russia’s president Vladimir Putin stokes fresh fears over the U.S. dollar’s $34 trillion problem, bitcoin “fomo” [fear of missing out] has been predicted to soon hit Wall Street.
Bitcoin’s historical halving that’s expected to cause crypto price chaos is just around the corner! A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market.
“Wall Street doesn’t just like bitcoin, they love bitcoin,” Anthony Pompliano, a bitcoin and crypto investor who writes the popular The Pomp Letter investing advice newsletter on Substack, told CNBC in a video titled: “Bitcoin fomo has hit Wall Street.”
Pompliano pointed to BlackRock and Fidelity, which manage the two largest of a fleet of newly approved U.S. spot bitcoin ETFs, each buying over $3 billion worth of bitcoin in their first few weeks of trading. Combined, the new bitcoin ETFs have accumulated just over 200,000 bitcoin worth almost $10 billion, according to K33 Research.
“Bitcoin’s winning streak since the start of the year shows that increased mainstream demand, especially from bitcoin ETFs, will continue to drive strong upward price momentum,” Alex Adelman, the chief executive of bitcoin rewards app Lolli, said in emailed comments.
“The biggest financial firms in the world are now actively buying bitcoin to cover record-breaking inflows for bitcoin ETFs, providing new sustained tailwinds for bitcoin. Bitcoin ETFs have seen historical success in just one month of trading. As more leading institutions launch bitcoin ETFs and other bitcoin-based financial products, the resulting upward price moves will also drive more direct investments in bitcoin from mainstream investors.”
Other analysts have also predicted institutional investment from Wall Street will drive the bitcoin price higher this year.
Source: forbes.com
The post $1 Trillion Bitcoin – Crypto Braced For Sudden Wall Street ‘Fomo’ Shock After $50,000 ETF Price Pump appeared first on HIPTHER Alerts.
Blockchain
CryptoBlox Signs Amended & Restated Share Purchase Agreement to Acquire Blockchain Fintech
Blockchain
Belgium RegTech Business Report 2024: Market to Grow by 24.8% to Surpass $300 Million this Year – Investment Opportunities to 2029
Belgian RegTech Market
Blockchain
Kyrrex Expands into the U.S. Market, Offering Crypto Solutions with Low Fees
Kyrrex, a crypto ecosystem, is thrilled to announce its official launch in the United States. With operations now live in ten states, Kyrrex is poised to offer American users a platform for cryptocurrency trading, payments, and wallet management.
Kyrrex’s U.S. platform enables users to buy and trade cryptocurrencies with competitive commissions of just 0.2%, making crypto transactions efficient and cost-effective. Available in California, Colorado, Hawaii, Utah, Indiana, Wisconsin, Missouri, Montana, Massachusetts, and Wyoming, Kyrrex is rapidly expanding to other regions across the U.S.
“We’re incredibly excited to bring Kyrrex to the U.S. market,” said Mike Romanenko, CVO & Co-Founder at Kyrrex. “Our platform is designed to offer American users a safe and reliable way to manage all their crypto needs, and we look forward to growing our presence across the country.”
Why the U.S. Market Matters for European Crypto Companies
The U.S. represents one of the largest and most dynamic crypto markets in the world. As of 2024, the U.S. accounts for over 25% of global cryptocurrency activity, driven by increasing institutional investment and mainstream adoption. The approval of Bitcoin exchange-traded Funds (ETFs) has boosted institutional interest significantly, signaling a shift toward greater acceptance of cryptocurrencies as full-fledged assets. By 2025, the U.S. crypto market is expected to see substantial growth, with estimates projecting a compound annual growth rate (CAGR) of over 12% in the sector, supported by both retail and institutional demand. For companies like Kyrrex, entering the U.S. market is a strategic move to expand user reach and tap into this rapidly evolving landscape, which offers vast potential for innovation and growth.
Kyrrex’s expansion into the U.S. is a testament to the company’s commitment to building a global crypto ecosystem that connects crypto-related services in one platform. By providing American users with access to a platform that offers crypto trading, wallet services, and low-fee purchases via debit and credit cards, Kyrrex is positioned to be a responsible player in the U.S. market. After six years of building a comprehensive crypto ecosystem, the company continues to lead with regulatory compliance. Today, Kyrrex’s achievements include:
- Saint Vincent and the Grenadines: Kyrrex Limited is registered and recognized by the SVG Financial Services Authority, providing a foundation of trust and security;
- Malta: REX, part of the Kyrrex ecosystem, obtained a prestigious VFA Class 4 license in 2021, allowing the platform to offer Virtual Financial Assets (VFA) services while maintaining the highest European regulatory standards;
- United States: Kyrrex is registered with FinCEN as a Money Services Business (MSB) and is available in 10 U.S. states, including California, Massachusetts, and Utah.
Kyrrex ecosystem is also preparing for future regulatory changes by applying for a Class 3 MiCA (Markets in Crypto-Assets) license and an EMI (Electronic Money Institution) license in Malta and the U.K. Also, the company applied for an Investments Services license, which will enable brokerage services from and within Malta. This strategic approach ensures that Kyrrex will continue to offer secure and compliant services across multiple jurisdictions.
“Kyrrex’s entry into the U.S. comes at a critical time as regulations around cryptocurrency continue to evolve. The company’s commitment to regulatory compliance demonstrated through adherence to U.S. state law, positions Kyrrex as a responsible and reliable platform for American users. As part of Kyrrex’s mission, we will continue working closely with U.S. regulators to ensure that our platform remains compliant with the highest regulatory standards.”, stated Mr. Romanenko from Kyrrex.
With plans to expand into more states and enhance its service offerings, Kyrrex is dedicated to reshaping the operations of digital assets by providing users with secure, efficient, and regulated crypto solutions.
The post Kyrrex Expands into the U.S. Market, Offering Crypto Solutions with Low Fees appeared first on HIPTHER Alerts.
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