Ark Invest, led by Cathie Wood, has sold 44,609 shares of its ARKB spot Bitcoin ETF, amounting to $2.8 million.
There is evidence of impending volatility as open interest in Bitcoin futures has increased to about 89,000 BTC on Binance. As new money is entering the market and positions are being established in anticipation of significant price action, this increase in open interest indicates a rise in trader activity and frequently portends sharp price movements.
Ark Invest's recent decision to reduce its Bitcoin ETF holdings seems aimed at maintaining portfolio balance, not signaling reduced faith in Bitcoin.
One of the most anticipated new platform on ethereum, EigenLayer, is airdropping 200 million EIGEN tokens to ethereans on Monday.
Analysts are forecasting significant bitcoin growth in Q4, driven by increased institutional support and favorable market conditions.
An early bitcoin whale has made waves in the crypto world, according to the onchain analytics platform Arkham Intelligence. This long-time holder transferred five bitcoins to Kraken, while still sitting on an impressive 1,215 BTC—worth a hefty $77 million as of today.
Bitcoin flirts with the $64,000 mark, cryptocurrency analysts are closely watching the resistance level that could define the near-term trajectory of the largest cryptocurrency by market capitalization. Currently trading at $63,727, Bitcoin is nearing a critical juncture that could determine whether bulls take control or bears continue to dominate the market.
The CIO of Bitcoin asset manager Bitwise claims the "most powerful people in finance" are buying Bitcoin and crypto. He says nearly 70% of top financial advisors at a recent summit owned Bitcoin and crypto personally.
The approval of U.S. spot Bitcoin exchange-traded funds in January was celebrated as a coming of age for the top cryptocurrency.
As the cryptocurrency market stabilizes following a turbulent period, a new analysis suggests a parabolic breakout in the price of Bitcoin (BTC) could be on the horizon, according to historical data.
In a recent interview, Mark Moss, a veteran investor and Bitcoin advocate, offered an optimistic outlook on Bitcoin's (CRYPTO: BTC) future, highlighting several key factors driving its potential growth. What Happened: In an interview with Bitcoin influencer Natalie Brunell, Moss emphasized the importance of "zooming out" to understand Bitcoin's trajectory.
United States spot Ether exchange-traded funds (ETFs) have posted their largest daily outflows since late July, with more than $79 million being withdrawn on Monday in a sign of faltering institutional demand for the industry's second-biggest crypto.
Gert van Lagen, a well-known technical analyst, says there is a good chance that Bitcoin (BTC) will surge in price by over 472% in the next year.
Bitcoin (CRYPTO: BTC) spot ETFs recorded a small net inflow of $4.56 million on Monday as miner revenues signal a potential uptrend in the making. What Happened: Significant contributions came from Fidelity's ETF (CBOE: FBTC), which added $24.93 million, and the BlackRock ETF (NASDAQ:IBIT), with an inflow of $11.54 million.
The wallet first started moving bitcoin to Kraken three weeks ago and has moved 10 BTC so far in three separate transactions.
It's been a while in coming, and many investors have likely been shaken out over the last six months, but the next price surge for Bitcoin (BTC) could be a short time away. How far can Bitcoin climb this time?
Bitcoin's price increase has influenced a key market indicator that suggests potential for further gains, according to CryptoQuant.
Samson Mow, the influential Asian Bitcoin advocate and CEO of JAN3, recently called on the Japanese government to acquire 167,000 Bitcoin (BTC) tokens. His proposal was made during a Bitcoin and Layer 2 session in Japan, hosted by Blockstream, Crypto Garage, and Fulgure Ventures, which focused on promoting Bitcoin adoption at the state level.
According to the latest figures from sosovalue.xyz, spot bitcoin exchange-traded funds (ETFs) pulled in $4.56 million in inflows, while ether ETFs saw a hefty outflow of $79.21 million on Monday. Mixed Day for Crypto ETFs Spot bitcoin ETFs had a positive day on Monday as three funds attracted inflows during the session.
According to on-chain data, a long-dormant Bitcoin whale has come back to life, moving a massive stash of BTC that has remained untouched for over a decade.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 24, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
A prominent Chinese economist, Zhu Hengpeng, from the Chinese Academy of Social Sciences, has been arrested
The Ethereum price has struggled to make headway today, remaining at $2,644 as the market drops by 4% in 24 hours.
The spot Ethereum ETFs saw the biggest outflows yesterday in almost two months.
Bitcoin could be on the path to a new all-time high if it breaks out of its reaccumulation phase this Saturday, according to an analyst. In a Sept.
The bankrupt crypto lending firm Genesis has potentially begun to move millions of dollars worth of Ethereum (ETH). Data from the digital asset deanonymizing platform Arkham shows that a crypto wallet collected 114,503 ETH worth nearly $360 million from an address belonging to Genesis Trading: Bankruptcy Distribution.
BlockDAG draws inspiration from Bitcoin, including a halving mechanism, but its Proof-of-Work churns out multiple blockchains simultaneously.
In a recent tweet, Lunar Crush revealed that Solana has had more total social engagements than ETH in the last six months. The data comes from multiple social channels and shows the top altcoins, TON, DOGE, XRP, and BNB, following the trend.
Following the key interest rate cut announced by the US Fed Reserve last week, the Chinese Central Bank's (PBOC) governor made an announcement about similar steps to be taken by China.
Cryptocurrency Market Today: The global cryptocurrency market resumes to hover in the green, with a slight increase of 0.39% over the past 24 hours, bringing the total market cap to $2.23 trillion. The Fear & Greed Index remains neutral at 51, indicating a balanced sentiment among investors as they watch for significant market movements.
The year 2024 has been an eventful year for Bitcoin. The BTC market has witnessed several significant ups and downs. In mid-March, the market even created an enviable peak of $73,000. A recent report shows that the impressive journey of Bitcoin has generated several new Bitcoin millionaires this year.
The financial markets have witnessed a remarkable turn of events. Bitcoin, the leading cryptocurrency, has surged to a striking $63,551, marking an impressive gain of over 8.5%.
One analyst recommended medium-level exposure, "to capture potential gains while protecting against the possibility of a near-term dip."
Over the years of its existence, Bitcoin (BTC) has established a macro-rising trend that has given more investors confidence to predict its future. The flagship coin has in the past respected the four-year cycle, demarcated by the halving events.
A key Bitcoin indicator has flashed again for the fifth time, which hints at a bull rally in the coming days.
The Bitcoin futures market is seeing a rise in leverage, which may signal an impending short squeeze that could lead to a bullish rally, according to a recent report by a CryptoQuant analyst, known as Percival. Percival insights shared earlier today on the QuickTake platform detailed the current state of Bitcoin leverage and the potential impact it could have on Bitcoin's price trajectory.
EigenLayer's native token, EIGEN will become transferable after months of lockup in the Stakedrop campaign.
Bitcoin price is consolidating near $64K as bulls and bears fight near the inflection point, with fundamental and technical analysis setting the stage for a rally to $100K. In a major news impacting Bitcoin, China's central bank announced broad monetary stimulus measures and rate cuts to boost the economy.
Despite the ETH price recovery after the Fed rate cut decision the outflows from spot Ethereum ETF have continued suggesting a fragile market sentiment.
China has unleashed a flood of stimulus measures designed to prop up its stalling economy, hot on the heels of the U.S.
In the last 7 days, Bitcoin's price jumped nearly 8%, reaching a one-month high of $64,667. However, behind this impressive rise, activity on its network has surged significantly. According to CryptoQuant's on-chain analyst XBTManager, older Bitcoins are being moved around the network, raising alarms about possible selling pressure.
Recent Ethereum whale activity and volume surge spark interest, but mixed on-chain metrics suggest cautious optimism in the market.
Lido Finance reported that its total value locked (TVL) increased by 10.83% over the past week, reaching $25.18 billion as of Sept. 23. This growth is primarily attributed to a rise in Ethereum's token price, which boosted the value of assets staked through the platform.
A renowned analyst predicts that Bitcoin is nearing a breakout based on historical market patterns following its halving event.
Pepe Coin price is trending upwards and shows the promise of a bullish breakout. Ethereum, to which the meme coin is closely correlated, has also been surging following the overall crypto recovery led by Bitcoin.
Defying typical September trends, bitcoin's resilience hints at a potential breakout from its prolonged downtrend.
Despite recent stagnation, Bitcoin remains a strong buy driven by cyclical catalysts and its unmatched long-term potential.