Adam Forsyth

BlackRock says over 90% of Bitcoin ETF investors are long-term accumulators

BlackRock’s digital assets chief Robert Mitchnick said that more than 90% of Bitcoin ETF investors, including retail, financial advisors, and institutions, have followed a steady accumulation strategy. Speaking to CNBC today, Mitchnick said retail investors “are some of the most long-term focused” and have tended to “buy the dip” when markets decline, while hedge funds…

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Elon Musk removes more xAI founders during restructuring ahead of potential IPO

Elon Musk has forced out additional xAI co-founders and employees as the startup reorganizes after being acquired by his aerospace company, SpaceX, ahead of a potential initial public offering. xAI has been undergoing internal restructuring since mid-February after the merger. Musk confirmed several staff departures during an all-hands meeting last month, after co-founders such as…

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Analysts Speculate Where the Price Could Go Next

Will bitcoin dump below $70,000 after the latest rejection? The primary cryptocurrency registered a renewed uptick over the past hours, with its price soaring past $74,000 before it faced an immediate rejection. The broader outlook remains bearish, with BTC still trading far below its all-time high of over $126,000 reached last October. Analysts have…

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Bitcoin price struggles at range-high resistance as rejection grows

Bitcoin price is once again testing the upper boundary of its trading range near $72,000, where selling pressure has historically emerged. Summary Range Resistance: Bitcoin is struggling to break above the $72,000 range high. Rejection Signal: A developing daily wick suggests weakening bullish momentum. Downside Risk: A confirmed rejection could rotate price toward $50,000 support. Bitcoin’s (BTC) price…

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CFTC issues advisory on prediction markets as event contracts expand

The Commodity Futures Trading Commission’s Division of Market Oversight issued an advisory on prediction markets, reminding exchanges of their regulatory obligations as event contracts grow rapidly across trading platforms. The guidance outlines requirements under the Commodity Exchange Act for designated contract markets listing event contracts, including product submission rules and core market integrity principles. The…

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