Spot Bitcoin exchange-traded funds in the U.S. experienced a significant drop in net inflows on Sept. 23, while spot Ether ETFs ended their two-day inflow streak.
In this way, anyone will be able to verify on-chain, even in an automated manner, the state of the reserves of this wrapped Bitcoin.
Cryptocurrency staking has seen substantial growth in 2024, driven by two innovations: the rise of restaking and the entry of Bitcoin into the staking ecosystem. These shifts are providing new opportunities for both retail and institutional investors, offering higher returns and increased security across multiple networks. This article explores these trends.
In a recent post on X (formerly Twitter), Kiyosaki highlighted his optimism regarding Bitcoin's future, attributing part of his outlook to insights from Jim Rickards' upcoming book, “Money GPT.” Kiyosaki urged his followers to pre-order the book, emphasizing its relevance to understanding the evolving financial landscape, especially concerning the impact of Artificial Intelligence (AI).
U.S. spot Ethereum exchange-traded funds (ETFs) experienced significant net outflows of $79.21 million on Monday, marking the largest daily outflow since July 29.
While AI has been the dearest friend of Wall Street for at least the last couple years, a old “friend” seems to be emerging: Bitcoin.
Bitwise executive Jeff Park thinks “things will likely get wild” now that the U.S. Securities and Exchange Commission (SEC) has approved options on BlackRock's Bitcoin (BTC) exchange-traded fund (ETF). Last week, the SEC greenlit accelerated approval for the listing and trading of options on the iShares Bitcoin Trust (IBIT), BlackRock's ETF.
The Bitcoin dominance chart has formed a rising wedge pattern and could have topped out under the resistance at 60%.
The blockchain Celestia has announced that it has raised $100 million, at a time when the token TIA is facing a significant decline.
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Bitcoin is currently approaching an important area of resistance. While the price has been showing a short-term upward trend, this move is still within the larger bearish trend. According to analyst Josh of Crypto World, for Bitcoin to transition into a long-term bullish trend, it needs to break above the $68,000 resistance level.
Bitcoin exchange-traded funds (ETFs) have attracted a substantial inflow of $92 million over the past week, indicating a robust interest from institutional investors. This surge in investment comes despite a lack of significant movement in Ethereum ETFs, which saw only minor inflows during the same period.
The outflow come despite a broader crypto market rally fueled by recent Federal Reserve rate cuts, which helped lift ether prices by 11% over the past week.
Recent data reveals a surprising trend in the Bitcoin mining sector: Chinese miners continue to control the lion's share of the world's hash rate of the BTC network despite the country banning the practice in 2021.
As Bitcoin failed to break the $64,000 resistance, it continued to fall. In the hourly chart it has fallen under the moving average 20, 50 and 100. This suggests a consolidation zone might form around this area. Let's analyze what has changed in the market and how it can affect the movement of Bitcoin.
Spot ether ETFs saw $79.21 million in net outflows on Monday, with Grayscale's ETHE recording outflows of $80.55 million.
As global central banks pull back liquidity at a record pace, Bitcoin seems to be emerging as a safer haven for investors. The renowned financial analyst, The Kobeissi Letter, recently highlighted the shrinking liquidity in the financial system, with central bank balance sheets dropping to levels not seen since 2020.
Late Monday, the Celestia Foundation announced that it has secured $100 million in funding led by Bain Capital Crypto. This round also saw contributions from Syncracy Capital, 1kx, Robot Ventures, and Placeholder, bringing the total capital raised to $155 million.
Chinese Bitcoin miners continue to dominate despite a cryptocurrency ban in China.
Bitcoin's price has been recovering over the past few weeks, climbing from $52,500 and reclaiming key levels at $57K and $60K. However, the market faces strong resistance at the $64K level, with the 200-day moving average acting as a barrier.
Data shows the Bitcoin Open Interest has been heading up again recently, a sign that volatility could be coming for the asset's price. Bitcoin Binance Open Interest Has Registered A Notable Increase Recently As explained by an analyst in a CryptoQuant Quicktake post, the BTC Open Interest on Binance has risen to $28.3 billion recently.
Noted economist Peter Schiff criticized investors for disregarding gold's record highs due to the Bitcoin (CRYPTO: BTC) frenzy. What Happened: Schiff took to X to point out that gold had reached another record high but the significance of this rise was being overlooked due to the overwhelming focus on Bitcoin.
The Celestia Foundation, the team behind modular blockchain network Celestia, announced that it had raised USD $100 million in an investment round.
Bitcoin (BTC) extended its bullish rally, surpassing the $63,000 mark as the global crypto market cap reached $2.24 trillion, reflecting a nearly 1.50% gain in the last 24 hours. This bullish rally was driven by the Federal Reserve's recent rate cut.
Bitcoin is capturing attention once again. Recent analyses suggest that now might be a prime opportunity for investors to purchase Bitcoin at a “discount.
Recent data from CryptoQuant has revealed that Bitcoin may be on the cusp of a significant recovery, supported by key on-chain metrics. Particularly, according to a CryptoQuant analyst under the pseudonym Darkfost, several indicators are reaching crucial support levels, signaling a “potential long-term bullish shift.
The crypto prices today have sparked considerable investor speculations across the globe. Bitcoin & major altcoins illustrated waning price actions, whereas Celestia (TIA) emerged as the day's top gainers.
Bitcoin is on the edge of a major move as it tests a key level for the third time since August. According to well-known crypto chart analyst Ali Martinez, this level could signal a significant move for Bitcoin, potentially leading to a bullish breakout.
People's Bank of China governor Pan Gongsheng announced a cut to the amount of money banks must hold in reserve, taking it to the lowest level since 2020.
Significant outflows from US Ethereum ETFs highlight investor uncertainty and may impact the broader cryptocurrency market's stability. The post US Ethereum ETFs see largest single-day loss since late July as Grayscale Trust sheds $80 million appeared first on Crypto Briefing.
Peter Schiff has declared Bitcoin as “the best thing to happen to the Fed.” This statement comes amidst ongoing discussions about the impact of cryptocurrencies on traditional financial systems and the role they play in the current economic landscape.
Despite a general ban on cryptocurrencies imposed in 2021, China maintains its grip on the Bitcoin mining industry. A recent analysis reveals that the country still controls 55% of the global hash rate, even outpacing the United States.
BlackRock Bitcoin ETF is under scrutiny, with claims circulating that the firm pressured Coinbase to ensure Bitcoin holdings are fully on-chain, avoiding “paper BTC.”
Bitcoin declines as BlackRock's new BTC withdrawal policy fuels ETF market debate. US economic data and SEC scrutiny add pressure on BTC prices.
Ethereum price extended its increase above the $2,650 resistance. ETH is now correcting gains and might find bids near the $2,600 support.
Leading cryptocurrencies reversed course on Monday, giving up gains achieved the previous day.
Geoffrey Kendrick, an executive at Standard Chartered Bank, believes that Bitcoin could reach a staggering $200,000 by the end of 2025. This bold claim comes at a time when cryptocurrencies are capturing more attention from both institutional and retail investors alike.
The Bitcoin options market is beginning to see "reflexivity season" kick in as traders focus on prices between $80,000 and $90,000.
A Bitcoin breakout could happen within the next “handful” of days, according to a pseudonymous crypto market analyst.
Bitcoin has once again captured the attention of investors as it surged past the $64,000 mark, gaining over 10% in the last week. With various catalysts driving this momentum, many analysts believe this could just be the beginning of a much larger rally, with predictions that BTC could hit even higher levels in the coming months.
Bitcoin price gained pace above the $63,500 resistance. BTC tested the $64,800 zone and is currently correcting gains.
The global digital asset investment market has significantly rebounded recently, marking a strong recovery for crypto-based funds. According to CoinShares, global crypto investment products brought in $321 million in net inflows last week.
Bitcoin (BTC) rallied over 22% after the Fed's rate cut, reaching $64,200. However, analysts predict potential consolidation due to market dynamics.
Cryptocurrency prices have pointed upwards in the past few days as the market digest the recent central bank decisions. Bitcoin, the biggest crypto in the industry, has held steady above $63,000, although signs indicate its recovery is waning. Similarly, the combined market cap of all cryptocurrencies rose to over $2.2 trillion.
Ethereum (ETH) is currently at a pivotal moment in its relationship with Bitcoin (BTC). Noted crypto analyst Benjamin Cowen has indicated that the ETH/BTC trading pair may be nearing what he calls the “final stages of capitulation.
Bitcoin (BTC) has recently broken through a bullish pattern, optimism among traders and investors about the potential for a rally to $80,000. However, signs of profit-taking among Bitcoin holders and a prevailing sense of greed in the market may pose significant challenges to sustaining this momentum.