The landscape of financial technology in the United States is undergoing a significant transformation, as indicated by the latest data on cryptocurrency ownership. In 2021, a modest 8% of American adults were reported to own cryptocurrency.

Fast forward to 2024, and this figure has quintupled to an impressive 40%. This trend suggests a robust and growing engagement with digital assets among the U.S. populace.

As the market matures, an estimated 93 million Americans will participate in cryptocurrency-related activities.



#CryptoAdoption #Cryptocurrecy #America #Bitcoin #Coinpedia

Source: apollosats


BlackRock's iShares Bitcoin ETF Surpasses $2 Billion in Assets Under Management

🔵 #BlackRock iShares #BitcoinETF (IBIT) hits $2 billion AUM, ranks third among recent ETFs.

🔵 Investors add $170 million, acquiring 4,300 bitcoin, bringing total holdings to 49,952 tokens.

🔵 IBIT's AUM surpassed $2 billion, fueled by Bitcoin's price surge above $40,000 on Friday.

🔵 #Fidelity's Wise Origin Bitcoin Fund (#FBTC) nears $2 billion AUM, holding almost 44,000 #bitcoin.

🔵 Global #cryptomarket cap: $1.61T, up by 3.23% in the last day.

🔵 Total #crypto market volume in the last 24 hours: $57.34B, showing a 24.30% increase.

🔵 #DeFi market volume: $4.4B, comprising 7.67% of the total crypto market 24-hour volume.

🔵 #Stablecoins volume: $54.3B, representing 94.70% of the total crypto market 24-hour volume.

🔵 #Bitcoin dominance: 50.87%, a 0.46% increase over the day.

#Binance.US faces escalating legal troubles, including a $4.3 billion impending fine and #regulatory backlash in Florida and Alaska.

Ex-CEO Changpeng Zhao's guilty plea triggers license suspension, casting uncertainty on Binance.US's operational future amid ongoing legal challenges. #Crypto
https://coinpedia.org/news/binance-us-still-suspended-in-florida-and-alaska-following-czs-guilty-plea/

Economist Peter Schiff predicts #Bitcoin could hit $10 million if the U.S. dollar collapses, citing history. #CryptoNews

Schiff criticizes Bitcoin's value, warns about risks of #BitcoinETFs, and highlights declining small wallets.
https://coinpedia.org/news/peter-schiff-claims-bitcoin-will-hit-10-million-but-theres-a-catch/

Former #BitMex CEO Arthur Hayes shifts focus from #Bitcoin to #altcoins amid predicted decline. #CryptoNews

Hayes plans strategic moves, including acquiring puts and investing in #Solana and #Dogwifhat.
https://coinpedia.org/news/arthur-hayes-reveals-his-two-altcoin-picks-says-bitcoin-will-undergo-30-correction/

Digital assets expert Ilan Solot anticipates a positive shift in the #cryptomarket, emphasizing market dynamics. #CryptoNews

Solot addresses challenges, including the U.S. government's #Bitcoin sale, and expresses optimism for future trends.
https://coinpedia.org/news/cryptocurrency-expert-ilan-solot-predicts-crypto-market-uptrend-soon-worst-is-over/

#Ripple is considering launching an #XRP #ETF, with recent #crypto developments and evolving regulatory opportunities.

Insights from FOX reporter Terrett and Ripple's strategic hiring indicate a potential move towards #cryptocurrency-related ETF initiatives.
https://coinpedia.org/news/ripple-must-launch-xrp-futures-etf-before-spot-etf-rollout-says-fox-reporter/

#CFTC warns of #AI-based #crypto scams, emphasizes limitations, and provides considerations for investor protection.

Advisory highlights deceptive tactics, cautions against false claims, and urges reporting of suspicious activities for accountability.
https://coinpedia.org/news/u-s-cftc-uncovers-ai-related-fraud-schemes-resulting-in-1-7-billion-bitcoin-loss/

#Ripple CTO David Schwartz assures minimal losses with AMM protocol implementation for #XRP community.

Upcoming amendment, securing 62% consensus, introduces game-changing transformation with Automated Market Maker feature in #XRPL.
https://coinpedia.org/news/ripple-cto-dispels-xrp-loss-concerns-assures-value-stability/

People's Bank of China cuts Reserve Requirement Ratio by 50 basis points, aiming to support #cryptocurrencies. #CryptoNews

Move follows Chinese government's $278 billion package, providing stability amid economic concerns and #stockmarket downturn.
https://coinpedia.org/news/peoples-bank-of-china-rrr-cut-expected-to-boost-bitcoin/

SEC vs #Binance lawsuit update reveals disputes over BAM-related discovery, highlighting document production discrepancies.

Next status report scheduled for February 15, 2024, with potential status hearing requested by SEC. #CryprtoNews
https://coinpedia.org/news/sec-vs-binance-joint-status-report-reveals-ongoing-discovery-disputes/

#Crypto World analyst assesses #cryptomarket, emphasizing #Bitcoin's critical levels and #Ethereum's short-term support.

#BitcoinETF news highlights Grayscale's selling pressure, potential BlackRock accumulation, and technical analysis suggests buying opportunities.
https://coinpedia.org/news/whats-next-for-bitcoin-ethereum-and-solana/

Max Keiser predicts Bitcoin reaching $50,000, attributing delays to Wall Street blocking #ETF purchases.

On-chain analyst Ali Martinez notes a surge in active #Bitcoin addresses, while small traders exit the #Cryptomarket.
https://coinpedia.org/news/bitcoin-btc-price-can-hit-50k-level-anytime-soon/

#Bitcoin's rebound to $41K signals a bullish reversal after a bearish start, backed by increased #investor confidence.

#Altcoins face volatility, with winners like Manta Network and losers like ORDI, while #DeFi and #NFT markets fluctuate.

Must Read this Interesting Weekly #Crypto Analysis👇
https://coinpedia.org/price-analysis/crypto-weekly-analysis-as-bitcoin-tops-41k-is-a-bull-run-to-50k-imminent-in-february/

⚫️ #Bitcoin (BTC) rose above $42,000 over the weekend after a recent decline.

Other top #cryptocurrencies experienced varied performance:

⚫️#Ethereum (ETH), #Dogecoin (DOGE), #Solana (SOL), #Ripple (XRP), and #Litecoin (LTC) saw a mix of minor gains and dips.

⚫️Conflux (CFX) was the biggest gainer, with a 24-hour jump of over 10 percent.

⚫️Chiliz (CHZ) was the biggest loser, with a 24-hour dip of over 5 percent.

⚫️The global #cryptomarket cap was $1.63 trillion at the time of writing, with a 24-hour dip of 0.15 percent.

#Bitcoin's volatile week ended positively with a 9% surge, recovering from a 50-day low of $38,500. #CryptoNews

February 2024 holds bullish expectations for Bitcoin, backed by historical trends and potential resistance breakthroughs.
https://coinpedia.org/news/bitcoin-investors-anticipate-bullish-rebound-to-45000-in-february/

Harvest Hong Kong a major Chinese asset manager applies for city's first #BitcoinETF, signaling growing regional interest in digital assets.

Hong Kong, in a race with Singapore and UAE, aims for #Bitcoin #ETFs, mirroring U.S. market trends.
https://coinpedia.org/news/hong-kong-gears-up-for-first-ever-spot-bitcoin-etfs-and-stablecoin-trials/

#YieldMax proposes groundbreaking YBIT #Bitcoin options income strategy #ETF, utilizing synthetic covered call for income. #CryptoNews

YBIT's unique strategy targets increased income during ETP volatility periods, with anticipated NYSE listing on April 10, 2024.
https://coinpedia.org/news/yieldmaxs-bold-move-with-ybit-etf-filling-get-ready-for-the-next-big-investment/

Federal Reserve unlikely to adjust interest rates; traders assign a mere 3% chance of a decrease. #FED #FOMC #CryptoNews

Economic focus on upcoming Fed decision and crucial U.S. data; optimistic outlook for Bitcoin's recovery.
https://coinpedia.org/news/feds-big-decision-will-they-lower-interest-rates-here-are-some-clues/