The surge in Bitcoin ETF inflows highlights growing investor confidence and potential market shifts, possibly surpassing major holdings soon. The post Bitcoin ETFs record largest single-day inflow since June as Bitcoin touches $73K appeared first on Crypto Briefing.
On Tuesday, Bitcoin experienced an impressive surge, reaching $73,600 during U.S. trading hours, just shy of its all-time high of $73,798 set on March 14. Currently, Bitcoin is trading around $72,200, marking a strong 3% gain over the past day and reflecting the overall positive trend in the cryptocurrency market.
Bhutan transferred millions worth of state-owned Bitcoin (CRYPTO: BTC) to Binance after a four-month hiatus, sparking speculations of profit-taking as the top cryptocurrency surged toward all-time highs.
The recent activity in Bitcoin price and demand metrics suggests a potential resurgence in market interest, which could lead to a renewed all-time high. So far, Bitcoin has recently achieved a significant price rebound, reclaiming a trading level above $70,000 after a sustained period of resistance just below this price mark.
Lyn Alden, founder of Lyn Alden Investment Strategy, recently shared her views on the economy's main drivers leading into 2025 and her positive outlook on Bitcoin for the coming year. Liquidity and Its Impact In an interview with David Lin, Alden said that she believes that global liquidity will improve in 2025.
ETF analyst Eric Balchunas says the outsized trading volume across BlackRock's spot Bitcoin ETF is proof that investors are panic-buying Bitcoin as the asset nears its all-time high.
Binance announces new Earn Wednesday offers, including ETH and SOL staking, with flexible and locked products available on a first-come, first-served basis.
Ethereum price started a fresh increase above the $2,580 resistance. ETH is still very far from a new all-time high while Bitcoin is near ATH.
Florida's elected chief financial officer and fire marshal Jimmy Patronis says his letter follows Donald Trump's plans for a national stockpile of Bitcoin.
Bitcoin price is rallying above the $72,000 zone. BTC is up over 5% and it could soon aim for a new all-time high above $73,500.
Japan-based Metaplanet has surpassed a major milestone by becoming Asia's largest Bitcoin holder, amassing over 1,000 BTC. This achievement highlights the company's aggressive strategy to solidify its presence in the ever-evolving digital currency market.
A long-dormant Bitcoin whale has stirred from its twelve-year slumber as the price of the cryptocurrency broke through the $71,000 mark and moved 159 BTC worth around $11.3 million out of its wallet.
According to Bitfinex, Bitcoin (BTC) volatility is set to intensify over the next week. A “potent mix” of geopolitical and macroeconomic factors has significantly influenced the flagship crypto's performance, with anticipation for the outcome of the US election and Q4's close setting a potential target of $80,000 by year-end.
Asia shares eased on Wednesday on the back of weakness in China, as investors brace for a tightly contested U.S. election that could have huge ramifications for the world's second-largest economy, even as Beijing tries to shore up growth.
Despite its recent price rally, search interest for “Bitcoin” on Google is still generating only a fraction of the traffic that “AI” has over the last week.
BTCUSD breaks $70000 on upbeat market sentiment. It hit a high of $72103 at the time of writing and is currently trading at around $68354.
Bitcoin is set to potentially exceed $80,000, fueled by bullish derivatives markets and substantial ETF inflows. Bitfinex analysts point to a surge in call options and growing optimism surrounding the upcoming U.S. presidential election as key drivers behind the anticipated rally.
Bhutans government has sold 929 BTC valued at $66.55 million to Binance, sparking intrigue during Bitcoins bull run. With a total holding of 12,456 BTC, Bhutan ranks fourth among government Bitcoin holders, raising questions about its crypto strategy amid soaring prices.
Facing increased costs and reduced profitability, Bitcoin miners are adopting artificial intelligence and mergers to boost earnings, reveals CoinShares. The April halving heightened financial strains, with miners exploring new revenue streams to navigate the post-halving environment effectively.
The crypto market took off today, driven by Bitcoins break above $70,000 and Trumps lead in the polls. Investor optimism soars as the potential for a crypto-friendly administration fuels new highs in major assets, with Solana seeing record demand.
SEC Lawyer Exodus Raises Crypto Bias Concerns as Former Regulators Join Crypto Firms Amidst Rising XRP, BTC Gains on Trump Election Bets.
Investors got excited as Dogecoin experienced a big price upsurge making it the best-performing cryptocurrency in the last 24 hours after a massive campaign rally by presidential candidate Donald Trump. Dogecoin's price spiked following the disclosure that the Tesla CEO is being considered as the head of a proposed department.
The cryptocurrency market is seeing a surge in institutional investment, with $901 million flowing into crypto funds this month alone. This figure marks one of the highest recorded inflow months in history and shows that major institutional investors see digital assets as a key part of their portfolios.
Shiba Inu appears to be displaying indications of a possible reversal. The asset is currently seeing a notable uptick in whale activity after struggling to regain its previous momentum.
Recent market inflows and dynamics have seen the Bitcoin price breaking free from a 7-month descending broadening wedge pattern. According to crypto analyst Gert van Lagen, Bitcoin's breakout last week could signal the onset of a major price continuation phase as the bulls aim above the $70,000 mark.
Prominent Ethereum contributor ConsenSys has made a decision to downsize.
Bitcoin exchange-traded funds (ETFs) have drawn a remarkable $21 billion since the start of the year, overshadowing gold's traditional role as a safe-haven asset. According to Eric Balchunas, a senior ETF analyst at Bloomberg, this influx of capital into Bitcoin ETFs has begun to reshape the market dynamics between cryptocurrencies and precious metals.
As Bitcoin (BTC), the largest cryptocurrency by market capitalization, inches closer to its all-time high of $73,700 reached in March, the US spot Bitcoin ETF market has re-emerged as a key driver of the cryptocurrency's recent price surge. On Tuesday, total trading volume for spot Bitcoin ETFs surpassed $3 billion, coinciding with Bitcoin's price briefly above the pivotal $73,000 mark for the first time in over 7 months.
Dogecoin (DOGE), the world's largest meme coin has gained a notable price surge of over 70% in October 2024 and has now reached a crucial resistance level. This significant price surge in such a short period raises concerns of a price correction or consolidation, which might pause DOGE's upside rally in the coming days.
Florida CFO Jimmy Patronis urges Bitcoin inclusion in state pension funds, calling it 'digital gold' to diversify investments. The post Bitcoin could join Florida state pension funds under CFO's proposal appeared first on Crypto Briefing.
Ethereum co-founder Vitalik Buterin has unveiled “The Splurge,” a comprehensive set of protocol upgrades aimed at addressing a variety of challenges within the Ethereum ecosystem.
The Ethereum network maintained a staking rewards rate near 3% in the third quarter of 2024, showing a slight decline from over 3.5% earlier this year.
The whale's resurgence was marked by a BTC transfer worth millions, stirring up market curiosity.
Bitcoin holds above $70,000 as signals point to a potential bull run. We look at key indicators to gauge what's next for Bitcoin.
Most cryptocurrencies are trading in the green in the past 24 hours, as Bitcoin price rose to $73,000 to push the global crypto market cap to $2.45 trillion.
Consensys, a Web3 software company, is laying off 20% of its workforce due to economic and regulatory challenges. Despite these setbacks, Consensys says it remains committed to its vision for Web3 and plans to continue supporting the Ethereum project.
Bitcoin nearly set a new peak price after topping $73,000 on Tuesday, but fell just short. Is a new all-time high just around the corner?
Bitcoin price rallies within $200 of a new all-time high as several fundamentals point to the crypto bull marking picking up pace.
Bitcoin is on the verge of a historic move as it pushes toward its all-time highs, surging above the $71,000 mark just yesterday. This breakout has ignited optimism among analysts, who expect further upside in the coming weeks as the US election draws near—a period historically marked by heightened volatility and market shifts.
"The Crypto Trader" Author Glen Goodman says the recent rise in Bitcoin is due to global liquidity and the prediction markets leaning toward a Trump US election victory. He speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto.
Tether, the issuer of the popular stablecoin USDT, has made a significant move to fortify its reserves by adding over 82,000 Bitcoin (BTC) to its holdings. This addition, which amounts to approximately $5.58 billion, is part of Tether's broader strategy to enhance the stability of USDT and bolster transparency regarding its financial backing.
Bitcoin's recent bullish momentum has sparked optimism among traders and investors, as the cryptocurrency edges closer to its all-time high. Following a significant recovery, Bitcoin is once again climbing, with the pivotal $73,811 mark in sight.
The creation of new Bitcoin-based protocols raised the TVL through native BTC staking and re-staking. The record coincided with the latest BTC rally above $73,000.
Did Bitcoin just break its March ATH of $73805? Analysts predict it's just a matter of time as new highs await the BTC price.
Bitcoin's price zipped past $73,500 Tuesday as afternoon momentum pushed it even higher. Crypto Market Heats Up as Bitcoin Dominates The crypto star kept up its pace on Oct. 29, reaching $73,600 on Bitstamp by 3 p.m. EDT. With this lift, bitcoin's market cap stands tall at $1.
Bitcoin (BTC) is not showing signs of frenzy, unlike March, which indicates room for further growth in price, according to K33 Research report published on Oct. 29. As of press time, BTC was trading at $73,500, roughly $300 away from setting a new all-time high.