A market indicator is flashing that Bitcoin is now firmly in a “high risk” zone — a sign it could be in the early stages of a bull market, says Glassnode. On-chain indicators assessing Bitcoin’BTC) value have entered a “high-risk” zone and could mean the cryptocurrency is in the initial stages of a bull market,…
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Argentines are using secret peer-to-peer crypto exchanges to buy U.S. dollar stablecoins as inflation continues to soar. Argentines are using black market exchanges, known locally as “crypto caves,” to buy U.S. dollar stablecoins in a bid to escape strict currency controls and triple-digit inflation of the Argentine peso (ARS), and are reportedly shunning Bitcoin due…
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Key Points: Bitcoin halving, approaching with less than 10,000 blocks left, may impact prices. Scarcity increases as over 19 million of the 21 million Bitcoins have been mined. Attention shifts to halving’s historical price impact amid the limited influence of Bitcoin ETFs. As Bitcoin ETFs fail to attract a surge of new capital to the…
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The nine spot Bitcoin ETFs reached a significant milestone of $10 billion in assets under management on Feb. 9. The recently launched spot Bitcoin exchange-traded funds (ETFs) completed their first 20 trading sessions hitting the $10 billion milestone in assets under management (AUM). According to data from BitMEX Research, net flows for the nine ETFs…
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Bitcoin bulls are chasing a new year-to-date high. Godleak explains what is behind the BTC price move. Bitcoin price is up 6.28% over the last 24 hours and hit an intraday high at $48,200 on Feb. 9. Technical indicators, rallying spot Bitcoin exchange-traded fund (ETF) shares and on-chain data show that Bitcoin has the strength…
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A report from Bitfinex suggests that miners are either selling Bitcoin holdings or leveraging coins to raise capital. The launch of Bitcoin exchange-traded funds (ETFs) in the United States has directly influenced miners’ BTC reserves, with more than $1 billion of BTC flowing from miner wallets to exchanges in the first 48 hours of trading.…
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MicroStrategy snapped up another 850 Bitcoin in January, increasing its total BTC holdings to a value of $8.1 billion. MicroStrategy, the largest publicly traded holder of Bitcoin , says it acquired an additional 850 BTC in January bringing its total holdings to 190,000 BTC — worth $8.1 billion. In its Q4 2023 Feb. 6 earnings call, the…
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The ARK Invest CEO expects that trend to continue now that investors can trade Bitcoin in a more accessible way through spot Bitcoin ETFs. Investors are started to move from gold to Bitcoin (BTC) after the launch of spot Bitcoin exchange-traded funds (ETFs), according to the CEO of ARK Invest. “Relative to gold, Bitcoin has…
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Bitcoin bulls will need to navigate a fresh sell-off around the halving, DecenTrader warns, arguing that BTC price action this time around will be no different than usual. should break new all-time highs in 2024 — but the halving will punish bulls first, new analysis says. In its latest market update released on Feb. 2, trading suite…
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In spite of forceful selling by the Grayscale Bitcoin Trust ETF, every one of the 10 spot Bitcoin ETFs altogether added almost 19,000 BTC in January. Update, February 1 at 12:15 UTC: Added the most recent openly revealed information from BlackRock’s iShares Bitcoin Trust and rectified the complete figures. The Grayscale Bitcoin Trust (GBTC) trade…
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