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Key Insights:
- American financial services firm Cantor Fitzgerald launched a new Bitcoin-Gold fund.
- EasyJet founder Stelios Haji-Ioannou announced the launch of a Bitcoin exchange.
- Emirates will soon become the largest airline to accept Bitcoin payments.
Bitcoin price has surged, signaling its strong potential for long-term growth. According to Bitcoin news, Increased Wall Street involvement has cemented its status as a mainstream financial asset.
Another Wall Street giant, Cantor Fitzgerald, ventured into crypto by launching a Bitcoin-Gold Fund. Besides the Bitcoin-Gold Fund, the founder of EasyJet released his BTC trading platform.
On the other hand, Emirates also led other Airlines in accepting Bitcoin as a form of payment for travel. Bitcoin was above the $100K level, with the price lasting above this mark for the 124th consecutive day.
This meant the crypto had entered its fifth consecutive month above $100K. The price was $111,300 with a slight dip of about 1.12% in the last 24 hours. However, still commanded the biggest trading volume of $46 Billion.
Bitcoin News: Cantor Fitzgerald Launches Gold-Protected Bitcoin Fund
American financial services firm, Cantor Fitzgerald, an early supporter of BTC, announced the debut of its Gold-protected fund for Bitcoin. Gold has been historically the go-to asset for traditional investors, and recently it made a new ATH. This proves why it was key in this fund.
Bitcoin news highlights growing Wall Street interest, even as Strategy (MSTR) was denied entry into the S&P 500. The rejection hasn’t slowed institutional momentum toward Bitcoin investments.
As per reports, investors were to get 45% of BTC upside with Gold protecting the principal when prices fell. Cantor Fitzgerald turned investors’ heads with their $14.6 Million presale hype as crypto became more attractive to traditional investors.
The U.S. firm also led placement for Sharps Technology Inc.’s $400 Million. It launched its Solana DAT strategy.
The statistics showed that the firm had already transacted more than 700 banking investments covering over 450 companies.
The firm was also 100% privately-owned, with over 80 years in business. Altogether, this meant that private institutions gradually began embracing crypto.
EasyJet And Emirates Venture Into Bitcoin
Also, the air transport companies and their founders were getting immersed in the Bitcoin news hype. Crypto Rover reported that the billionaire and the founder of EasyJet, Stelios Haji-Ioannou was launching a Bitcoin exchange named easyBitcoin.
Stelios said, “It’s about financial empowerment”, as the platform was mainly focused on retail investors in Bitcoin.
Stelios’ venture aimed at a similar success as the short-haul flights. However, it has yet to confirm whether EasyJet will accept Bitcoin as payment. Speaking of BTC as payment, Emirates was making it happen.
The UAE’s $6B flight company also announced it would accept BTC payments per The Bitcoin Historian’s post on X. This would make it the largest airline to accept Bitcoin, exposing the crypto to more than 53 million passengers annually.
This was no surprise as Dubai has been a frontrunner in adopting crypto. However, the report needed bolder confirmation following previous instances of doublespeak from the monarch about Bitcoin.
BTC STH Realized Price Signals Bull Market
These ventures into Bitcoin came strategically when more institutions were scrambling for Bitcoin. Similarly, the price was trading at a discount, a great moment to throw in some capital.
The on-chain data showed that BTC Short-Term Holder Realized Price on the hourly chart signaled a bull market. This was after the Bitcoin news of the BTC price was rejected from the level on September 1st. This indicates a strong sign for bulls.
Analytically, the bounce could be the needed momentum shift every crypto participant was waiting for. Cantor Fitzgerald’s Bitcoin-Gold Fund adds a fresh layer of credibility to crypto investing. The launch of easyBitcoin and Emirates’ BTC acceptance signals rising global adoption.
Together, these moves could reignite Bitcoin’s long-term upward momentum. Additionally, rate cuts were imminent, which are expected to bring new liquidity into the financial markets.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
