165 / 390 Relevant items tagged with #BITCOIN
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Genesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement
[Apr 6 1:35 PM] Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041 bitcoin, aimed at reimbursing its…
Bitcoin Dips, But Don’t Panic: ETFs See Three Days Of Bullish Inflow
[Apr 6 6:30 AM] The recent approval of Bitcoin exchange-traded funds (ETFs) by the SEC sent jitters through the financial world. Initial concerns about fading demand seem unfounded as Bitcoin ETFs continue to shatter trading volume records. This is further…
Arbitrum (ARB) Poised For Resurgence: Downtrend Reaching Climax?
[Apr 6 4:30 AM] Generally, the crypto market has been experiencing a pullback after Bitcoin and many other coins like Ethereum have recorded a new all-time high of which Arbitrum (ARB) was not left behind. Arbitrum, which has a lot of potential with a market cap…
Bitcoin Whales Maintain Positive Accumulation Behavior Ahead Of 2024 Halving: Report
[Apr 5 11:38 PM] Bitcoin began 2024 with a blast gaining by over 73% in the first quarter of the year to establish a new all-time high price of $73,750. And although BTC soon declined from this value following a turbulent price movement in the last month, its…
FOMO Gives Way To Fear: Bitcoin-Ethereum Ratio Signals Shift In Crypto Sentiment
[Apr 5 6:00 PM] The recent ratio between Bitcoin (BTC) and Ethereum (ETH) prices suggests a potential decline in risk appetite within the crypto market. The ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin than its…
Bitcoin’s Recovery Rally: Breaking Through This Level Is Key To Bullish Momentum – Analyst
[Apr 5 5:00 PM] Over the past week, Bitcoin (BTC) has struggled to move significantly to the upside as the leading cryptocurrency has entered a consolidation phase below the $69,000 mark. This subdued volatility departs from Bitcoin’s usual fluctuations…
History Favors Bitcoin Bulls Despite Crypto Hedge Funds Increasing Shorts
[Apr 5 1:30 PM] Bitcoin may be dripping lower at spot rates. Still, one analyst is unfazed, expecting the coin to reverse recent losses and snap up firmly before peaking in December 2024. At spot rates, BTC is down roughly 11% from 2024 peaks and struggling to…
Bitcoin Mining’s Boon for Small Town America
[Apr 5 1:18 PM] Will Foxley’s doc about a small Texas town’s embrace of a new mining facility paints a more positive story about Bitcoin’s impact on rural communities than typically reported.
Did Strong Bitcoin ETF Demand Kill Halving's Potential Bullish Rally?
[Apr 5 12:39 PM] The much stronger-than-expected inflows into the spot bitcoin exchange-traded funds (ETFs) have already caused concerns about a supply shock in the bitcoin market, potentially taking away some of the impacts of the halving.
Bitcoin’s Acceptance as 'Digital Gold' May Spur Demand From New Investors: Coinbase
[Apr 5 8:28 AM] Gold has outperformed after the Federal Reserve expressed a cautious stance on the pace of future interest-rate cuts, the report said.
Bitcoin Resurgence: Analyst Foresees $69,000 Target In Near Term
[Apr 5 8:00 AM] Crypto Jelle, a cryptocurrency analyst and aficionado, has expressed optimism toward the price action of Bitcoin, highlighting the potential for the digital asset to revisit the $69,000 threshold in the short term. Bitcoin Poised For Short-Term…
U.S. Added 303K Jobs in March, Outpacing Expectations for 200K
[Apr 5 6:34 AM] The ETF-led bitcoin rally has stalled over the past month, at least in part thanks to economic indicators pointing to higher than expected interest rates.
Bitcoin Short-Term Holders Go On 1.2 Million BTC Buying Spree, Is Retail Finally Here?
[Apr 5 6:00 AM] Short-term Bitcoin holders have been going on a buying spree lately, accumulating over 1.2 million BTC since December 2023, according to Glassnode. Bitcoin has received major interest from investors since the beginning of the year, and rightly so…
Warning for Altcoin Bulls: The Ether-Bitcoin Ratio Is About to Flash Death Cross
[Apr 5 3:36 AM] A death cross occurs when a short-term moving average drops below a long-term moving average, signaling a potential long-term bearish shift in momentum.
Bitcoin Crash Warning: CryptoQuant CEO Sees LUNA-Like Risks Ahead
[Apr 5 2:00 AM] Ethena Labs has revealed its latest strategic move: the inclusion of Bitcoin (BTC) as collateral for its synthetic dollar-pegged product, USDe. This decision, aimed at significantly scaling the product’s supply from its current $2 billion…
Ethena Onboards Bitcoin as Backing Asset to Make USDe 'Safer'
[Apr 5 1:03 AM] The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.
Crypto Derivatives Lost Overall Market Share in March Despite Hitting Record High Trading Volume of $6.18T
[Apr 5 12:41 AM] The share of crypto derivatives in total market activity slipped to 67.8% in March, according to CCData.
Bitcoin Price Reclaims 100 SMA But Bulls Still Face Uphill Task
[Apr 4 9:09 PM] Bitcoin price is attempting a recovery wave above the $66,500 resistance. BTC must clear the $70,000 resistance to continue higher in the near term. Bitcoin is facing many hurdles near the $69,500 and $70,000 levels. The price is trading above…
This Bitcoin Indicator May Have Signaled Latest Market Downturn In Advance
[Apr 4 7:00 PM] The Bitcoin Network Value to Transactions (NVT) Golden Cross indicator attained overheated values coinciding with the recent local top in the price. Bitcoin NVT Golden Cross Surged To 3.17 During Recent Peak An analyst in a CryptoQuant Quicktake…
Bitcoin Bulls Roar: Analysts Predict Surge To $82,000 Amid Bullish Pennant Formation
[Apr 4 6:00 PM] Renowned crypto analyst Jelle has caught the attention of the Bitcoin (BTC) community with his bold prediction of a target price of $82,000. Notably, despite recent challenges in breaking above the $66,000 mark, Bitcoin currently hovers around…
Bitcoin NFT Market Thrives, Franklin Templeton Remains Bullish, Binance Ends Support
[Apr 4 5:00 PM] Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem. The asset manager attributes this…
Crypto Analyst Says Bitcoin Hitting $100,000 In 2024 Is Inevitable, Here’s Why
[Apr 4 4:00 PM] Pseudonymous crypto analyst PlanB has boldly claimed that Bitcoin will hit $100,000 this year despite the current bearish sentiments around the flagship crypto. He made this statement while providing an in-depth analysis of Bitcoin’s current price…
Bitcoin: Will This “Dry Powder” and Historical Trends Fuel A Price Boom?
[Apr 4 2:30 PM] While Bitcoin has dipped from its recent highs of around $74,000, some analysts are urging investors to stay calm and even see this as a buying opportunity. So far, Bitcoin prices have remained under pressure, trickling lower in the past trading…
Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary
[Apr 4 1:32 PM] The world's largest crypto regained the $69,000 level at one point in the session before slipping a bit.
Crypto Economy Rebounds With 2.13% Gain; Newcomers W, CORE, and ENA Face Downturns
[Apr 4 1:11 PM] The cryptocurrency market experienced a positive uptick on Thursday, reclaiming its position at $2.55 trillion, marking a 2.13% gain against the U.S. dollar. Despite a decrease in trading activity, with volumes at $90.78 billion over the past day…
Banks Seek to Purchase Bitcoin Directly From BTC Mining Firm Hut 8, Says CEO
[Apr 4 11:40 AM] Per the CEO of Hut 8, a bitcoin mining company listed on the Toronto stock exchange, major financial institutions have made inquiries to purchase bitcoin directly from the firm. Additionally, the Hut 8 executive emphasized the forthcoming halving…
Bitcoin Short-Term Holders Capitulate: $5.2 Billion Sold At Loss
[Apr 4 11:30 AM] On-chain data shows the recent Bitcoin drawdown has shaken up the short-term holders, leading them to make large exchange deposits at a loss. Bitcoin Short-Term Holders Have Transferred Huge Volume In Loss To Exchanges As analyst James Van Straten…
Near Record High Funding Rate Suggests Bitcoin Pullback Not Over
[Apr 4 10:21 AM] Though modestly higher today, bitcoin remains lower by about 8% from its record high hit two weeks ago.
$900 Billion DWS Launches Physical Bitcoin ETC In Germany
[Apr 4 9:48 AM] DWS, a prominent asset manager with over $900 billion in assets under management, has launched new Xtrackers Exchange-Traded Commodities (ETC) in collaboration with Galaxy Digital Holdings Ltd., offering investors convenient access to bitcoin…