In September, Coinbase unveiled cbBTC, a wrapped version of Bitcoin that enabled users to utilize their Bitcoin holdings in decentralized finance (DeFi) applications on Ethereum and Base without selling or converting to other cryptocurrencies.

In an extraordinary demonstration of demand for Spot Bitcoin ETFs, U.S. funds saw a record daily net inflow of $1.38 billion as Bitcoin itself hit new all-time highs. BlackRock's IBIT fund dominated the inflows, attracting a record $1.12 billion of the total, reflecting the hype of recent events and a growing appetite for regulated BTC exposure among traditional investors.

Bitcoin trades above $75,000 as market analysts project ambitious price targets following Trump's election victory and growing congressional support for cryptocurrency.

In its Q3 2024 update, Block announced plans to prioritize Bitcoin-related projects, increasing investment in mining and self-custody.

Bitcoin, a true barometer of alternative financial markets, has reached a historic milestone by surpassing the $76,800 mark. A staggering figure, indeed, but according to many analysts, it is just the first page of a book that promises to become a bestseller.

Square shifts focus to Bitcoin mining amid Trump's crypto-friendly election win, potentially boosting BTC mining stability.

The demand vs supply shock for Bitcoin is expected to significantly increase ahead and bolster the ongoing bullish breakout.

The cryptocurrency market is on alert as nearly $3.7 billion in Bitcoin options are set to expire on November 8. This large expiry, exceeding last week's, surpassing last week's, follows recent events, including the U.S. elections and the Federal Open Market Committee (FOMC) meeting. Such a substantial options expiry often triggers massive sell-off. $3.

Bitcoin price nears $76,000 as Jack Dorsey's Block ends Web5 project to focus on mining. Discover how this shift could impact the crypto ecosystem. The post Bitcoin Price Nears $76,000 as Jack Dorsey's Block Shifts Focus to Mining, Halts Web5 Project appeared first on Cryptonews.

Coinbase, the largest cryptocurrency exchange in the U.S., has announced the release of its wrapped Bitcoin token, cbBTC, on the Solana blockchain.

Data shows the Bitcoin investor sentiment has entered extreme greed territory following the asset's surge to a new all-time high (ATH). Bitcoin Fear & Greed Index Is Now Pointing At ‘Extreme Greed' The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment among the traders in the Bitcoin and the wider cryptocurrency sectors.

Despite the substantial growth of crypto prices in recent years, Switzerland remains wary of virtual currencies, said Swiss National Bank Chairman Martin Schlegel. The Swiss National Bank remains cautious about crypto as Chairman Martin Schlegel stressed on Thursday, Nov.

Bitcoin (BTC) surged to an all-time high of $76,800, as the latest Federal Reserve interest rate cut of 25 basis points marked a new milestone for both legacy and digital financial markets.

The world's largest spot Bitcoin exchange-traded fund by net assets sets a new record in single-day inflows.

Bitcoin longs risk mass liquidations in a snap market reversal, analysis warns after new BTC price records follow FOMC.

49,000 BTC options ($3.7B) and 295,000 ETH options ($860M) expire, with key Maxpain points at $69K and $2.5K.

Seasoned trader Peter Brandt is leaning bullish on Bitcoin (BTC) after the flagship crypto asset recently broke into a new all-time high. Brandt tells his 746,100 followers on the social media platform X that Bitcoin is “now in the sweet spot of the bull market halving cycle.

Bitcoin has surged to new all-time highs, reaching $76,500, following Donald Trump's victory in the US elections. This price breakout has reignited investor optimism, particularly among US traders, with demand increasing significantly since the election results.

Both Bitcoin and Ethereum have experienced impressive growth in the last 30 days. The Bitcoin market has registered a surge of 21.6%, and the Ethereum market a rise of 19.2%. A recent post by Raoul Pal suggests that ETH may soon outperform BTC. He highlights some key factors to support his argument.

Ethereum (ETH) has made a significant leap in the market, surging by more than 10% in the last 24 hours. As of now, the second-largest cryptocurrency is trading at $2,840 after briefly reaching higher levels.

BlackRock's spot Bitcoin ETF has pulled off something huge. On November 7, this fund saw a mind-blowing $1.119 billion in inflows—an impressive recovery after losing $113 million just two days before. To put it into perspective, BlackRock's fund made up a massive 82% of all spot Bitcoin ETF inflows that day.

On Nov. 7, U.S. spot Bitcoin ETFs recorded a historic $1.38 billion in net inflows, marking the highest single-day inflow since their inception, driven primarily by BlackRock's IBIT.

Friday has come around again, and that means Bitcoin options expiry day, meanwhile, the asset has now entered new price discovery.

U.S. lawmakers are seeking assistance from crypto experts in passing the Strategic Bitcoin Reserve legislative plan after securing victory in the just-concluded elections.

Spot Bitcoin exchange-traded funds in the United States have seen their largest inflow day ever.

BlackRock's iShares Bitcoin Trust (IBIT) reached an extraordinary milestone, recording $4.1 billion in trading volume on November 6. This marked the highest single-day volume in the history of the ETF, outpacing the trading volumes of major stocks like Berkshire Hathaway and Netflix.

Following the overwhelming support of pro-crypto candidates in the United States and the recent Fed rate cut, which followed similar moves in major jurisdictions, the demand for Bitcoin (BTC) has significantly escalated. The United States is expected to follow the path of El Salvador in accumulating Bitcoins to counter the ballooning debt crisis.

BlackRock's IBIT accounted for most of the inflows at $1.1 billion, with zero net outflows from any product.

The record inflow into BlackRock's Bitcoin ETF highlights growing institutional interest and could drive further mainstream adoption of cryptocurrencies. The post Blackrock's Bitcoin ETF draws record $1.1 billion single-day inflow appeared first on Crypto Briefing.

BlackRock, the world's largest asset manager, has witnessed a record-breaking $1.1 billion in inflows into its spot Bitcoin exchange-traded fund (ETF), IBIT. The post BlackRock's Bitcoin ETF Sees Record $1 Billion Inflows after Two Days of Outflows appeared first on Cryptonews.

BlackRock's Bitcoin ETF has surged amid broader market momentum, with one analyst predicting sustained inflows through to next week.

Following Donald Trump's decisive victory in the recent election, the cryptocurrency world is buzzing with the possibility of the U.S. government establishing a Bitcoin strategic reserve.

From a fundamental standpoint, Bitcoin is showing no signs of the asset overheating, according to Galaxy's head of research.

Key Points:

The 12 U.S. spot bitcoin ETFs together recorded a total daily net inflow of $1.38 billion, also their highest since launching in January.

The recent presidential election has sent ripples through the cryptocurrency market, with Bitcoin prices reacting positively to Donald Trump's victory over Kamala Harris. As Trump prepares to take office for a second term, his ongoing commitment to making the United States the “crypto capital of the world” has ignited bullish sentiment among investors, positioning Bitcoin at the center of his economic proposals.

Crypto prices today stirred a whirlpool of speculations among market watchers globally, showcasing mixed price actions. While Bitcoin (BTC) maintained a trading session in the green at the $75K level, altcoins mainly reflected a turbulent market sentiment.

The BlackRock Bitcoin ETF (IBIT) has been smashing new records every single day while seeing its largest daily inflows at over $1 billion on Thursday. As a result, the total inflows for IBIT have now surged past $27 billion since its inception in January, making it one of the best ETF launches in 2024.

Jack Dorsey's Block announced plans to boost investments in Bitcoin mining and its Bitcoin wallet by reallocating resources from its canceled "Web5" project and reducing Tidal investments. The post Jack Dorsey's Block Advances Bitcoin Mining Plans As Trump's Crypto Policies Look Likely appeared first on Cryptonews.

In the past three years, the Open Interest has been growing steadily, eventually taking the OI from $11.9 billion to $38 billion.

Cardano (CRYPTO: ADA) raced past Bitcoin (CRYPTO: BTC) to become the week's best performer after a searing double-digit rally on Thursday. What happened: ADA spiked over 10% in the last 24 hours to reach its highest level since July 23.

BlackRock's spot Bitcoin ETF has surpassed $1 billion in inflows for the first time since its launch in January.

On-chain data shows the exchanges have just received large stablecoin inflows, something that could end up benefiting the Bitcoin rally. Stablecoin Exchange Inflows Have Spiked Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Exchange Inflow for stablecoins has registered a sharp jump.

XRP surges 2.6% amid SEC appeal doubts and pro-crypto outlook under Trump. BTC hits record on Fed cut and spot ETF inflows.

Block said it will scale back investments in music streaming app Tidal and wind down the decentralized web platform developer team at TBD.

Bitcoin (BTC) has surged past its previous all-time high of $73,800, reaching a new record of $75,000. As of today, BTC remains strong, hovering around $74,926.

Bitcoin price is gaining pace above $75,000. BTC is rising and might aim for a move above the $77,000 resistance zone in the near term.