A leak has revealed the world's largest asset manager BlackRock is in discussions to buy a stake in the "king" of spot bitcoin exchange-traded fund (ETF) holders
TL;DR Bitcoin exchange-traded funds (ETFs) recorded $1.38 billion in net inflows on November 7, 2024, reflecting heightened investor confidence and optimism. BlackRock's iShares Bitcoin Trust (IBIT) led the inflows with $1.1 billion, making it one of the most traded assets, driven by Bitcoin reaching a new all-time high of $76,500.
Senator Cynthia Lummis has reaffirmed her call for a groundbreaking economic initiative: the establishment of a national Bitcoin reserve. This ambitious proposal seeks to use Bitcoin as a strategic tool to stabilize the U.S. economy and tackle the nation's escalating national debt.
Solana has broken through the $200 threshold for the first time in seven months of trading. The token's price saw a 8.69% rise as the crypto market rallies after the US election.
With Trump's crypto allegiance and his new status as President-Elect of the U.S., talks of establishing a strategic bitcoin reserve have surged. While this can be achieved in several ways, Trump's cryptocurrency aide and CEO of BTC.Inc., David Bailey, has suggested expediting this task, fearing a possible frontrunning movement from third parties.
On-chain data shows the Bitcoin retail volume has sharply increased recently as the cryptocurrency has surged to a new high. Bitcoin Retail Volume Is Up More Than 15% Over Last 30 Days As explained by CryptoQuant author Axel Adler Jr in a new post on X, the demand from retail investors has gone up recently.
This is a major step in making Bitcoin (BTC) more accessible to people who use the Solana blockchain. For the first time, Coinbase has issued a token on Solana, and it's called cbBTC.
Bitcoin price came within touching distance of $77k on Thursday, and the current market momentum and sentiment signal extended gains.
Spot Bitcoin ETF recorded a new all-time high of over $1.37 billion in net inflows a day after Trump's victory.
Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the near term.
Binance, one of the world's largest cryptocurrency exchanges, is growing stronger. Recent data shows that its reserve percentage has reached an all-time high of 25%. This means Binance now holds a large share of all crypto reserves across exchanges, only behind Coinbase, which has around 33%.
Solana breaks $200 for the first time since April 1, thanks to Donald Trump securing U.S. Presidential election.
Solana (SOL) price, a Layer 1 blockchain, has recently demonstrated significant upward momentum in the cryptocurrency market. Since the beginning of November, SOL's price has surged by 21%, breaking a five-month high amid strengthening bullish sentiment.
This week is ending on a very high note with a series of favorable news in the crypto market, sparking waves of optimism in the market. Bitcoin ETFs saw a record $1.38 billion in net inflows on Thursday, a day after Trump won the US Presidency and Bitcoin is also continually breaking its highs.
Should you take advantage of Bitcoin's recent surge? Check out why you should consider buying some at record-high coin prices.
Trump's win puts the world on notice to embrace Bitcoin or get left behind!
Coinbase, the largest U.S.-based cryptocurrency exchange, announced the launch of cbbtc, its in-house developed wrapped bitcoin token, on top of the Solana network. Highlighting the significance of this move, Coinbase stated: “This is the first token Coinbase has issued on Solana, and with it, we're excited to bring easy access to BTC.
Bitcoin bulls are fighting the bearish pressure as the levels are approaching back to $76,000, eyeing to form a new ATH above $76,500. The volume remains restrictive within the range, which has weakened the bulls to a certain extent.
U.S. Federal Reserve prepares to tells its decision on whether to cut interest rates, many are wondering what the move will mean for Bitcoin and the broader cryptocurrency market. While rate cuts are traditionally seen as a boost to risky assets, like stocks and digital currencies, opinions among experts differ on whether Bitcoin will truly benefit.
They predict at least another eight weeks of growth, and perhaps even a continuation in 2025.
The successful breach of the crucial $200 mark by Solana represents a significant turning point in its recent upward trajectory. Strong momentum is indicated by this breakout, which has created the possibility of a push toward the market's all-time high (ATH), as sentiment on the market favors the upward trend continuing.
Crypto analysts said that Bitcoin remains on course for a massive price hike after Donald Trump reclaimed the US presidency through a historic win against US Vice President Kamala Harris. Related Reading: Binance Coin Breaks $600!
A retest of the $180-$190 area should be regarded as a buying opportunity.
In recent Bitcoin news, the soaring interest from BTC whales, especially the fresh wallets, has caught the eyes of the crypto market participants. According to recent reports, fresh wallets have accumulated $145 million in Bitcoin recently, bolstering market confidence over an ongoing rally to extend.
Bitcoin ($BTC) briefly rose to $77,000 on Thursday as the U.S. Spot Bitcoin ETFs were recording their biggest daily net inflow since the funds were launched on 11 January this year. Of the 17.99K BTC bought by the funds, Blackrock's IBIT was responsible for the vast majority, with a 14.63K BTC purchase.
Coinbase said that cbBTC is the first token issued on Solana.
Solana network shows growth potential to surpass the Ethereum blockchain next year as the crypto bull run gains momentum. As it overtakes Ethereum in DEX trading volumes and other DeFi metrics, the Solana-based meme coins are ready to explode.
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
Coinbase launches its bitcoin-backed token cbBTC on Solana with $10 million initial deployment, marking its first native token on the blockchain and filling a two-year void in Solana's DeFi ecosystem left by FTX's collapse.
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 Optimistic Network (SOON) testnet now live with 30,000 TPS and 50ms block time.
The launch of Bitcoin L2 Labs is expected to catalyze growth in decentralized applications, making Stacks an even stronger player in Bitcoin-based technology.
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.
Solana (SOL) price has surged past the $200 mark benefiting from recent Federal Reserve rate cuts and broader market optimism after Trump's election win.
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.