Coinbase said that cbBTC is the first token issued on Solana.
Spot Bitcoin exchange-traded funds (ETFs) saw record daily inflows of $1.38 billion as the price of the flagship cryptocurrency reached a new all-time high near the $77,000 mark after Republican candidate Donald Trump won the U.S. presidential elections.
Bitcoin whales or large holders could be on the verge of inducing a bearish pivot after BTC's new ATH as flows indicate profit-taking.
Galaxy Digital announces plans to potentially convert its 800-megawatt Helios mining facility to AI computing operations while reporting decreased Bitcoin production and mining revenue in Q3 2024.
Bitcoin reaches new all-time high above $76,000 as Trump's election victory prompts expectations of major cryptocurrency policy changes
The Federal Reserve cut interest rates by 25 basis points to 4.50-4.75%, prompting modest gains across crypto and traditional markets
Several Bitcoin price analysts see BTC trading between $100,000 and $200,000 just before and after Trump's inauguration.
Bitcoin hit a new all-time high of $76,943, surpassing $75K, signaling strong bullish momentum. A crypto analyst predicts Bitcoin will reach $100K by the end of 2024.
Jack Dorsey's Block shifts focus to Bitcoin mining hardware. Q3 revenue of Block falls short at $5.98 billion in revenue.
Solana has reached $200 per coin amid market optimism following Trump's election victory, Republican promises to protect crypto assets, and speculation about potential ETF approvals under the new administration.
Macro investor and fund manager Dan Tapiero believes Ethereum (ETH) is severely undervalued in the current market.
The launch of Bitcoin L2 Labs is expected to catalyze growth in decentralized applications, making Stacks an even stronger player in Bitcoin-based technology.
The Shiba Inu (SHIB) community is buzzing with speculation about the possibility of the token reaching a value of $0.01, a target that many have long dreamed of. A recent suggestion from a prominent community figure has reignited the discussion, proposing a potential pathway to this ambitious goal—Shiba Inu becoming a gas token on the Ethereum network.
A critical bullish signal may be ahead, with indicators aligning for a potential rally too.
The Ethereum Foundation has launched a temporary testnet named Mekong, designed to allow developers to test upcoming upgrades before they are deployed to the main Ethereum network.
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.
The Ethereum Foundation's 2024 financial report reveals a $970.2 million treasury with 99% of crypto holdings in ETH, while implementing new policies and maintaining support for ecosystem development through various initiatives and grants.
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.
Trump's election victory has inspired more optimism among crypto analysts, with some expecting Bitcoin to breach $100,000 before the end of 2024, boosting Ether's price along the way.
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.
The significant dumping of $2.2K-$2.4K puts (bearish bets) signaled a market sentiment shift in the options market, as large players didn't expect ETH to drop to $2.4K again.
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.
The price of Bitcoin reached an ATH on Thursday, thanks to the latest 35 basis point rate cut by the Fed.
Ethereum, the undeniable giant of the blockchain, is making a new leap forward with the launch of the Mekong testnet, a name that resonates like a nod to the mysterious waters of the famous Asian river. At first glance, Mekong may seem like a simple addition to the Ethereum ecosystem.
Coinbase, the largest cryptocurrency exchange in the U.S., has announced the release of its wrapped Bitcoin token, cbBTC, on the Solana blockchain.
Ethereum (ETH) has jumped almost 20% over the past two days as the broader decentralized finance (DeFi) sector rallied following Donald Trump's presidential victory. Ethereum Begins To Regain Momentum The second-largest cryptocurrency by reported market cap has lagged behind Bitcoin (BTC) and other smart contract platform tokens like Solana (SOL) for much of the year.
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.
An early Ethereum investor has emerged after nine years of hibernation, armed with a fortune that has multiplied 330 times since he made his initial investment.
Bitcoin longs risk mass liquidations in a snap market reversal, analysis warns after new BTC price records follow FOMC.
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.
Non-profit organization Ethereum Foundation sparked a tidal wave of discussions across the broader crypto market on Friday as it revealed its 2024 report, boasting a treasury of $970 million. Notably, Aya Miyaguchi, the firm's ED, spotlighted key details such as the current EF teams, EF grantees, and ongoing efforts to enhance the Ether ecosystem, underscoring
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.
Jack Dorsey founded payments firm Block Inc. is pivoting its focus towards the cryptocurrency mining sector. In a Nov. 7 shareholder letter, Block, formerly Square Inc.
The Ethereum Foundation said the ecosystem is supported by over $22 billion in treasury funds across Ethereum-based projects.
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.
The Ethereum Foundation has revealed its financial 2024 report, outlining its dedication to holding the “vast majority” of the treasury in ETH.
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.