Just eight days until the U.S. picks a new President, crypto investors are feeling bullish—putting nearly $1 billion more into Bitcoin ETFs.
TL;DR Digital asset inflows hit $901 million, bringing this year's total to $27 billion, nearly triple 2021's record. Bitcoin led inflows with $920 million, driven by political factors in the US, while Ethereum saw outflows of $35 million. Blockchain stocks also showed a rally, with inflows of $12.2 million for the third consecutive week.
Bitcoin is showing strength by holding tight to the $68,000 level, but a run to new all-time highs will require one key component.
Bitcoin experienced notable inflows and pricing shifts this month primarily driven by heightened Republican support amid recent US political changes.
Emory University has become the first endowment to report an investment in spot Bitcoin (BTC) exchange-traded funds (ETFs), with a total exposure of $15.8 million, according to recent 13F filings.
Trump-themed tokens like Maga Memecoin (CRYPTO: TRUMP), MAGA Hat (CRYPTO: MAGA) and Donald Tremp (CRYPTO: TREMP) are rallying in light of Donald Trump‘s surging election odds. What Happened: Coinmarketcap data shows political meme coins approaching a total market capitalization of $700 million, up 11% over the past 24 hours.
Emory University disclosed ownership of more than $15 million worth of shares of the Grayscale Bitcoin Mini Trust.
Sazmining launches a bitcoin (BTC) mine in Norway that will heat a building, aiming to demonstrate sustainable mining benefits despite past regulatory concerns.
Buyers keep controlling the situation on the market at the beginning of the week, according to CoinMarketCap.
Bitcoin (BTC) and the altcoins have shown significant price actions in the crypto market. The overall crypto market's daily trading volume surged by 22.63% as per CMC data.
In August 2020, Michael Saylor's MicroStrategy made its first Bitcoin purchase. MicroStrategy stock has hit a 25-year high of $236.
Bitcoin (BTC), the largest cryptocurrency, is on the verge of reaching a major milestone. Its Energy Value, a raw value of electricity required for mining, is approaching $100,000 for the first time ever.
Matthew Sigel, head of digital assets research at VanEck, sees Bitcoin (CRYPTO: BTC) on a strong upward path as the U.S. presidential election approaches, bolstered by growing interest and shifting macroeconomic conditions. What Happened: “Our bet is that this is a very bullish setup for Bitcoin into the election,” Sigel told CNBC on Monday, pointing out that factors such as Trump's increasing popularity in prediction markets and renewed optimism in the crypto sector are helping drive demand.
On October 10, Bitcoin (BTC) briefly dipped below the $60,000 mark, stirring speculation that it might miss the traditionally bullish trend known as “Uptober.” However, recent price momentum over the past week hints at a stronger end-of-month performance, aligning with historical data that often sees Bitcoin rally as October concludes.
Bitcoin, the leading cryptocurrency, has surged above the $69,000 level, reaching an intraday high of $69,222 on the Bitstamp exchange, according to CoinGecko data. This comes after the bullish golden cross pattern recently formed on its daily chart.
Though momentum has been somewhat choppy in the most recent trading, the prevailing sentiment in the cryptocurrency market this ‘Uptober' – a popular nickname for October – is optimism.
Japanese company Metaplanet expanded its Bitcoin holdings to become one of Asia's largest public holders of the crypto. The move comes at a time of yen weakness and political uncertainty in Japan.
Data shared by the popular tracking platform Shibburn has revealed that the SHIB burn rate has shown an impressive 108% rise recently. However, there is a catch in this good news, despite nearly 100 million SHIB meme coins being torched in total.
The world of cryptocurrency investing is rapidly evolving, and recent data suggests a significant divide in the demand for exchange-traded funds (ETFs) focused on Bitcoin versus those targeting Ethereum. As of late October 2024, spot Bitcoin ETFs are experiencing a remarkable surge in popularity, while interest in Ethereum ETFs remains muted.
Matthew Sigel, the head of digital assets at VanEck, says the current market setup is very bullish for Bitcoin, the world's flagship digital asset. In an interview with CNBC's Squawk Box on Oct. 28, Sigel pointed to the upcoming U.
The European Union's Markets in Crypto-Assets (MiCA) regulation is slated to be fully implemented by December 2024, setting up a comprehensive framework for cryptocurrencies across the continent. This landmark regulatory step aims to establish clear rules for digital asset exchanges, trading, and security to encourage a safer and more predictable environment for crypto activities.
"Always double-check information and invest wisely," the warning reads.
The new indices will offer a clear, single price for bitcoin and ether, tailored for the Asian time zone.
Shibarium daily transactions have witnessed an 85% crash, while Shiba Inu burns have dropped by 78%. This has raised concerns in the SHIB community, considering the impact they have on the Shiba Inu price.
It appears that the cryptocurrency community favors Donald Trump over Kamala Harris for the 2024 election.
Spot Bitcoin exchange-traded funds (ETFs) are witnessing a remarkable surge in activity, marking one of their most successful months since their introduction in January 2024, with inflows exceeding $3 billion in October alone.
Bitcoin is clawing its way to $70,000, shaking off its past correlation with the so-called “Trump Trade.” Donald Trump's pro-crypto image gained steam following his appearance on the Joe Rogan Experience podcast.
Despite some bouts of volatility, 2024 has proved to be a showcase for Bitcoin's growing appeal to a wide spectrum of investors. Here's a look at some of the innovative new investment vehicles that are driving the broad adoption of the cryptocurrency.
The Solana network has significantly outshined Ethereum in its Web3 on-chain activity in the recent past fueled by its thriving memecoin ecosystem.
Bitcoin once again has started its walk towards $70,000. The largest crypto has faced multiple failed attempts in crossing the $69,000 which is a major resistance of this zone. Currently trading at $68,905, the investors are trying to bring BTC over $69k. Let's discover what has been happening in the market recently.
Bitcoin (BTC) might have reached new all-time highs in 2024, but the pioneering cryptocurrency has seen a period of sideways trading since March, struggling to decisively breach the psychologically important barrier of $70,000, and at times dropping to as low as $54,000.
Despite the recent price stumbles, Bitcoin and Ethereum seem on the right track to resume bull forecasts.
Steno Research notes that MicroStrategy's 300% premium over Bitcoin is unsustainable, as investors may shift to options trading on spot Bitcoin ETFs.
Michael Saylor, CEO of MicroStrategy, has gotten the crypto community talking with a recent post about how well his company's stock is doing compared to other assets.
A widely followed crypto analyst is issuing a warning on Bitcoin (BTC), saying that it could witness an extremely bearish scenario even if it surges past a psychological level.
Popular blockchain tracker Whale Alert, which monitors large cryptocurrency transactions made by large holders known as whales, has spotted a major transfer targeted at the U.S.-based exchange Coinbase.
Bitcoin (CRYPTO: BTC) has surged to $68,770 in Monday morning trading, up 1.7% over the past 24 hours as Donald Trump's chances of winning the 2024 election continue to rise. What Happened: The apex crypto is up 4.8% over the past 30 days as traders are looking for the “Trump trade” to play out in light of the GOP's increasing chances.
The price of Bitcoin topped $69,000 early Monday for the first time in a week, with key economic reports due ahead of the U.S. election.
TL;DR Metaplanet has surpassed 1,000 BTC after acquiring an additional 156.78 BTC on October 28, 2024, strengthening its position and reserves. The Japanese firm raised $66 million in October to finance the expansion of its BTC holdings, intensifying its investment pace.
Currently, crypto investors are pouring attention and capital into two extremes of the market: Bitcoin and meme coins. One represents a trusted store of value, while the other embodies “high risk, high return.
Matthew Sigel, VanEck head of digital assets research, joins 'Squawk Box' to discuss the state of crypto, market trend outlook, impact of election, and more.
The crypto markets are trying hard to validate a decent upswing before the end of the month. Meanwhile, the memecoins have also displayed a tendency to close the monthly trade on a bullish note as the most dominant one, Dogecoin is manifesting extreme strength.
The market may feel slow right now, but there are great opportunities coming up as BTC leads the way. The recent panic could have caused a deeper downturn, but instead, the market is showing strength.
An ancient Bitcoin (BTC) whale from 2013 has unexpectedly resurfaced after more than 11 years, thanks to a report from Whale Alert. The wallet known as "12YJoU," which was active until today, came to life for the first time since Sept.
Bitcoin (BTC) recently formed a "golden cross," a technical chart pattern that historically signals the potential for further price gains. This pattern occurs when the 50-day moving average crosses above the 200-day moving average, indicating bullish momentum.
Japanese investment firm Metaplanet has recently solidified its position as Asia's second-largest corporate holder of Bitcoin, surpassing 1,018.17 BTC in its treasury.
The recent study from the Federal Reserve Bank of Minneapolis has stirred the pot, suggesting Bitcoin might be a thorn in the side of government fiscal policies. The researchers propose a bold solution: slap a hefty tax on Bitcoin or outright ban it.