After five years of drama and dozens of rejections, ETFs (exchange-traded funds) based on Bitcoin's spot price have finally been approved. A total of 11 ETFs are making their market debut, allowing US investors to gain exposure to Bitcoin (BTC) without directly owning the cryptocurrency itself.

Whales in the Bitcoin ecosystem wield considerable influence, capable of swaying market sentiment and triggering price movements. Within this realm, two distinct categories of whales have emerged, each contributing to the reinforcement of $60,000 as a crucial support level.

Grayscale spot Bitcoin ETF has ended a four-month outflow streak, seeing nearly $32 million in inflows during the latest trading session.

Bitcoin (BTC) is on the brink of a historic milestone as its price continues to surge, fueled by support from the US Congress for banks' adoption of cryptocurrencies. With Bitcoin trading around $66,410 during the early London session, bullish sentiment suggests a new all-time high is imminent, supported by both technical and fundamental factors.

An overview of the growing trend of businesses, corporations, and governments embracing bitcoin as a strategic reserve asset.

Bitcoin has been on a steady rise, and the recent price action suggests that nothing can stop it before it hits $71,000. Analyzing the chart, BTC has successfully broken through several key resistance levels, finally showing us some bullish momentum.

Bitcoin ETFs in the United States have been riding a wave of investor enthusiasm and institutional adoption, evidenced by a consistent influx of capital into these investment vehicles. Far side's latest data reveals that US Bitcoin ETFs experienced a robust inflow of $257.3 million, marking the fourth consecutive day of positive flows.

Spot Bitcoin exchange-traded funds (ETFs) have seen significant inflows in May, recovering from April's outflows. With $1.3 billion in inflows, the BTC ETFs are back to their high-water mark, offsetting the $344 million in withdrawals experienced last month.

Bitcoin Suisse reports on its 2023 financial result and provides an outlook into 2024.

According to Ki Young Ju, CEO of CryptoQuant, the Bitcoin current market dynamics suggest a bullish phase that could extend well into April 2025. Ju's analysis comes amid BTC's current uptrend, which appears to be a continuation of that seen in March, when BTC achieved a new all-time high, surging above $73,000 for the first time.

Despite BTC's recent price troubles, over 90% of its holders are in profit right now.

A prominent figure in the crypto space revealed he has sold all his Bitcoin (BTC) holdings in favor of Altcoins. In an X post, the market expert claimed to still have faith in the flagship cryptocurrency and explained what he did and the reasons why.

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The disclosures from corporate firms over spot Bitcoin ETF holdings marked the highlight for the market this past few weeks. Many companies reported holding the new asset class to the amazement of observers in the crypto ecosystem.

Bitcoin ETF volumes surge to dizzying heights, mirroring the ascent of the flagship cryptocurrency towards the $67,000 threshold. Amidst the cacophony of market activity, institutional players and retail investors alike find themselves swept up in a whirlwind of excitement and anticipation.

Net inflows into the 9 spot Bitcoin Exchange Traded Funds (ETFs) reached $300 million yesterday as the market experienced a healthy bullish phase. The largest cryptocurrency by market capitalization had been languishing below $63k for the better part of the last three weeks, so this price rally was a breath of fresh air for the bullish cause.

Apollo Co-Founder Thomas Fahrer, a sage amidst the swirling tempest of market speculation, has dared to envision a future where Bitcoin ascends to unimaginable heights, cresting the summit of a $5 million pinnacle. As the echo of his prophetic vision reverberates across the digital landscape, the stage is set for an odyssey unlike any other—a quest for wealth, wisdom, and wonder in the realm of decentralized finance.

Popular cryptocurrency analyst and trader Michaël van de Poppe has liquidated his Bitcoin holdings. Van de Poppe, a prominent figure at the Amsterdam Stock Exchange known for his sharp market insights, announced this strategic move to his 718,100 followers on social media platform X on May 16.

Form 13F filings also reveal that 937 US corporations were exposed to BTC ETFs in Q1. Daily spot Bitcoin volumes surpassed $5 billion on May 16.

The incoming CEO of Vanguard, Salim Ramji, recently affirmed the firm's decision not to launch a spot Bitcoin ETF.

The “basic laws of supply and demand” are primed to act in Bitcoin's (BTC) favor, according to a popular crypto analyst.

TL;DR New Minting: Tether has minted an additional 1 billion USDT on the Tron Network, historically correlating with positive Bitcoin price movements. Market Impact: The minting could potentially drive Bitcoin's price up, as Tether's market cap exceeds $110 billion and it holds a significant amount of Bitcoin.

Point72, the $34 billion hedge fund of billionaire and owner of the New York Mets, Steven Cohen, held $77.5 million of the Fidelity Wise Origin Bitcoin Fund (FBTC) as of the close of the first quarter, according to a filing.

One widely followed crypto analyst believes digital assets are on the precipice of a prosperous new era. Crypto trader Michaël van de Poppe tells his 718,500 followers on the social media platform X that better times are ahead for the markets. “This might be the final easy rally to change your life with crypto.

The last two months exhibit why traders shouldn't get "emotional" over inflows and outflows.

Despite facing significant sell-side pressure in recent months, Bitcoin has displayed remarkable resilience in the face of adversity. Since December, over 1.5 million BTC have been sold, with a notable portion originating from profit-taking activities rather than panic-induced selling.

(Full disclosure: I'm helping build Coinbits.app, a bitcoin banking platform.)

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, JP Richardson, CEO of Exodus, discusses the SEC review that put the company's listing on the NYSE American exchange on hold.

On-chain data shows the Bitcoin adoption rate has slowed to the lowest since July 2018. Here's what could be behind this trend.

Recent data from Santiment indicates a noticeable decrease in Bitcoin whale activity, reaching the lowest levels seen in 2024. This trend shows that holders of large amounts of Bitcoin, known as whales, are drifting away from active trading.

ETF trading volumes recorded a surge, alongside the rise in BTC's price.

US Bitcoin ETFs recover from April's outflows with $1.3 billion in recent inflows, as total management exceeds $12.3 billion. The post Bitcoin ETFs show $1.3 billion inflows and bounce back from April's slump appeared first on Crypto Briefing.

A senior analyst with crypto intelligence platform K33 Research says investments in spot Bitcoin (BTC) exchange-traded funds (ETFs) are surging.

Bitcoin Price Analysis: This week has been notably bullish for the pioneer cryptocurrency Bitcoin showcasing a 10% growth as price jumped from $60474 to $66500. The rising BTC breach backed by a significant surge in volume gives a bullish breakout from a key resistance signaling the end of a 2-month correction trend.

Senator Lummis exclaimed, " We (Bitcoiners) are so back" after the Senate bill to scrap anti-crypto banking policy passed.

Bitcoin, the leading cryptocurrency, is trading in lockstep with technology stocks once again, according to a Friday report by Bloomberg.

Bitcoin price aims to break its range resistance and hit a new all-time high. Will altcoins follow?

The price of Bitcoin just touched its highest point since last month's halving, hitting a level not seen in more than a month.

SkyBridge Capital founder Anthony Scaramucci is predicting that more pension funds will add Bitcoin (BTC) to their investment portfolios. In a new interview on CNBC Squawk Box, the hedge fund veteran says other pension funds are likely to follow the State of Wisconsin's decision to invest in Bitcoin to help pay for retirement benefits.

The Bitcoin script restoration project aims to bring back and expand the functionality of Bitcoin's script language.

Bitcoin further extended its rally on Friday as bulls got stronger against bears, with BTC price rising over $67,000. The market value of Bitcoin climbed over $1.32 trillion amid a renewed positive sentiment in the crypto industry after cooling CPI inflation and Fed Chair Jerome Powell denied stagflation and other related concerns.

Bitcoin flipped its old resistance into support as Tether's market cap continues to grow rapidly in 2024.

The Bitcoin liquid restaking protocol is opening the door for Asian BTC capital to meet western projects, said founder Matt Ye.

The CoinDesk 20 Index is higher by more than 4% over the past 24 hours as crypto's big rally this week continues.

The world's largest futures exchange is reportedly working on a plan to offer spot Bitcoin (BTC) trading amid growing interest in crypto-based investments. Citing three people familiar with the matter, the Financial Times reports that the CME Group has already held discussions with traders who want to buy and sell cryptocurrency on a regulated marketplace.

The price of bitcoin surpassed the $67,000 mark on Friday, reaching a peak of $67,482 per unit, the highest value since late April. This increase has resulted in the liquidation of nearly $45 million in leveraged bitcoin short positions over the past day.

Since the Hong Kong spot bitcoin exchange-traded funds (ETFs) began trading, their performance has been underwhelming, with three ETFs accumulating around $228 million in net assets. Inconsistent Inflows and Outflows Mark Hong Kong Bitcoin ETFs' First Weeks On Thursday, the spot bitcoin ETFs in Hong Kong experienced net negative outflows of approximately 104.

As Bitcoin's value hovers above $66,000, a noteworthy tweet from MicroStrategy chairman Michael Saylor, a prominent figure in the cryptocurrency industry, has sparked interest. His tweet, "Get the Message," comes at a time when the market is observing Bitcoin's performance with keen interest.