Bitcoin, Ether Held in BlackRock ETFs Cross Those of Grayscale’s for the First Time
[Aug 16, 2024 11:58 AM] BlackRock is now the largest holder of the two assets in publicly traded funds.
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Bitcoin funding rates hit YTD lows, bearish trend looms: CryptoQuant
[Aug 16, 2024 10:57 AM] Bitcoin funding rates on Binance turn negative, reflecting a surge in short positions as institutional interest wanes.
Bitcoin Spot ETFs net $11M inflow, despite GBTC loss
[Aug 16, 2024 9:44 AM] Despite significant outflows from the Grayscale Bitcoin Trust, the overall spot Bitcoin ETF market saw positive inflows.
Bitcoin price bounces 4% as triple ‘death cross’ sparks sub-$50K warning
[Aug 16, 2024 9:32 AM] BTC price weakness sees negative funding rates and a distinctly risk-off mood among Bitcoin traders.
Sovereign Wealth Funds Could Take Bitcoin To $148,000: Researcher
South Korea's Pension Fund Snaps Up Nearly $34M MicroStrategy Shares
[Aug 16, 2024 7:35 AM] South Korean pension fund, National Pension Service (NPS), has bought MicroStrategy (MSTR) shares worth nearly $34 million in the second quarter of this year, according to filings made public earlier this week.
Bank of Ghana unveils draft rules for cryptocurrency exchanges
[Aug 16, 2024 7:29 AM] The Bank of Ghana introduces draft guidelines to regulate digital assets, focusing on exchanges and consumer protection measures.
World’s 3rd-largest public pension fund buys $34M of MicroStrategy shares
[Aug 16, 2024 6:14 AM] South Korea’s public pension fund has just increased its crypto exposure by buying tens of thousands of shares in MicroStrategy.
NYSE Scrubs Plan to List Bitcoin ETF Options
[Aug 16, 2024 6:11 AM] Other exchanges have also withdrawn their applications, but some have re-filed.
Will Bitcoin (BTC) Trade Back Above $70,000 By September? Analysts Weigh In
[Aug 16, 2024 6:00 AM] Bitcoin’s (BTC) price continues fluctuating within the $58,000 to $61,000 price range following its recovery from the ‘Black Monday’ crash. However, analysts remain unsure about the next step for the flagship cryptocurrency. Some market…
Bitcoin has room to fall amid ‘unusual’ open interest — CoinGlass
[Aug 16, 2024 5:29 AM] Total open interest on Bitcoin futures hit $29 billion on Aug. 16 despite Bitcoin’s price decline.
Analyst Warns: Bitcoin Nears Dangerous Territory – $40,000 On The Horizon?
[Aug 16, 2024 4:30 AM] Bitcoin is trading for $59,545, a slight increase of 0.5% in the past 24 hours. Although little, this surge in its price is quite noteworthy as it comes against the backdrop of Bitcoin’s price plunging as low as $57,812 earlier today…
While Useful, Bitcoin Will Not Replace the U.S. Dollar, Russian Analyst Warns
[Aug 16, 2024 4:30 AM] Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated that, while some cryptocurrencies present…
Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis
[Aug 16, 2024 1:30 AM] Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s…
Crucial Bullish Signal For Bitcoin Flashes For First Time Since 2023, Analyst Forecasts Major Rally
[Aug 16, 2024 12:00 AM] Bitcoin (BTC) is showing strong signs of an imminent price surge, according to top market analysts, who point to a confluence of bullish factors in the cryptocurrency’s favor. However, after hitting a 6-month low of $49,000 on August 5, BTC…
Goldman Sachs Discloses $418 Million Bitcoin ETF Holdings
[Aug 15, 2024 11:17 PM] Global investment bank Goldman Sachs has reported holdings of $418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast…
Bitcoin Observes Pullback To $58,000: Is This The Cause?
[Aug 15, 2024 10:30 PM] Bitcoin has observed a pullback down to the $58,000 level during the past day. Here’s what could be the cause behind it, according to on-chain data. Exchanges Have Seen A Large Amount Of Tether Withdrawals Recently According to data from the…
‘I expect to see no mention of Bitcoin’ — MARA CEO on Harris’ platform
[Aug 15, 2024 10:08 PM] Depending on the November presidential election outcome, Fred Thiel said he would consider “looking outside the US” for Bitcoin mining firm MARA’s operations.
Goldman Sachs Joins Morgan Stanley in Holding Bitcoin ETFs as Institutional Interest Grows: 13F Wrap
[Aug 15, 2024 9:43 PM] Investment advisors including Wall Street giants Goldman Sachs and Morgan Stanley were among the biggest holders of spot ETFs as of June 30 as clients amped up their crypto allocations to a total of $4.7 billion.
Study: Crypto and Bitcoin Lead as Reddit’s Most Mentioned Words in Investment Forums
[Aug 15, 2024 9:05 PM] A recent study by Cyber Metals, a JM Bullion company, analyzed the sentiment, vocabulary, and profanity within popular investment subreddits on Reddit, uncovering distinct trends in how different communities discuss stocks, crypto assets, and…
Aptos (APT) Inks 25% Gain After Hitting A New Milestone – Details
[Aug 15, 2024 7:30 PM] Aptos (APT) goes against the market’s general downward momentum. According to CoinGecko, the token is up more than 25% since last week, a good sign despite the broader market dipping by 3% in the past 24 hours. The network is breaking new ground…
Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon
[Aug 15, 2024 7:06 PM] The blame this time can't be laid on macro jitters as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines.
Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable
[Aug 15, 2024 5:30 PM] Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant Institutional Insights highlights that miners are selling off assets as they face diminishing…
Bitcoin Cash (BCH): Analyst Pinpoints Prime Moment For Strategic Buy
[Aug 15, 2024 4:30 PM] Recently, crypto analysts have been attracted to Bitcoin Cash (BCH); Alan Santana provided an extremely intricate analysis concerning the coin’s future. He advises investors though to hold off on accumulating BCH until the market shows…
Crypto Analyst Reveals What Could Drive The Bitcoin Price To $48,000
[Aug 15, 2024 3:00 PM] The Bitcoin price continues to trade sideways, as uncertainties on the macro side have made investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory and has raised the…
WTF happened 53 years ago today — Why the Nixon shock is still affecting us all
[Aug 15, 2024 1:33 PM] In his 1971 speech ending the gold standard, Richard Nixon promised to stabilize the dollar, but instead, nearly everything has gone up in price.
Bitwise CIO Reveals Three Super Bullish Signals From Bitcoin ETFs
[Aug 15, 2024 1:30 PM] Despite the muted performance of Bitcoin in recent months, the 13-F filings for the spot exchange-traded funds (ETFs) paint a bullish picture for the BTC price. Bitwise Chief Investment Officer (CIO) Matt Hougan has shared a recap of the three most…
Key Bitcoin bull signal flashes for first time in nearly 2 years, hinting at 2x price surge
[Aug 15, 2024 1:25 PM] The Bitcoin price could increase by over two-fold based on a key bull signal historically correlated with price rallies.
Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits
Chainalysis alerts rise in crypto hacks and ransom in 2024
[Aug 15, 2024 1:00 PM] Cryptocurrency hackers have been returning to their roots to targeting centralized exchanges amid a spike in the Bitcoin price in 2024.