Grayscale’s ETF bleeding has slowed again, while other funds have seen another strong day of inflows, lifting them to a fortnightly high. Grayscale’s spot Bitcoin exchange-traded fund (ETF) has seen its third consecutive trading day of slowing net outflows, hitting a record low of $22.4 million as ETFs combined hit a two-week net inflow high.…
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The blockchain financial service firm argued in January that a spot Bitcoin ETF would not be approved by the U.S. Securities and Exchange Commission. Daniel Yan, co-founder of Singaporean crypto services firm Matrixport, believes a market correction is imminent following Bitcoin reaching its highest price since 2021. “The sentiment of the market has come to…
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During a tech conference in Qatar, the South African comedian was asked to talk about the biggest mistake he’s ever made in his life. South African comedian and entertainer Trevor Noah says his life’s biggest mistake was not buying Bitcoin when it was “worth nothing.” The actor, comedian, and former host of The Daily Show…
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BTC futures open interest approaches a record high and today’s sharp sell-off triggered alarm from traders. Bitcoin took a shot at $53,000 on Feb. 20, briefly surpassing $52,900 before correcting as the result of $50 million in leveraged long liquidations. Nevertheless, even with a drop to $50,750, Bitcoin futures open interest remains at $23.7 billion, which…
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Key Points MicroStrategy’s profits were reported at $3.5 billion, emphasizing the potential of crypto investments. The Federal Reserve Chairman called for a legal framework for stablecoin amid crypto market expansion. Bitcoin is reaching new all-time highs after 2 years, partly due to the forthcoming ‘halving’ event and Bitcoin ETFs. Get an in-depth look at crypto’s…
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Bitcoin could face headwinds at $52,000, but BNB, KAS, VET, and RNDR may continue to move higher. Inflows into the spot Bitcoin exchange-traded funds (ETFs) topped $2.2 billion between Feb. 12 and Feb. 16, indicating a strong investor appetite. Bloomberg analyst Eric Balchunas said in a X post that BlackRock’s iShares Bitcoin Trust (IBIT) has attracted year-to-date…
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Bitcoin price might fail to top $70,000 before the April 2024 supply halving, but the longer-term projection looks positive. For investors, turning bullish on Bitcoin is tempting, especially after a 91% rally to $52,000 in just four months ending on Feb. 15. Bitcoin’s current $1 trillion valuation places it among the world’s top 10 tradable…
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Bitcoin last traded above $50,000 in December 2021 — more than two years ago. The crypto market looks very different this time around. Bitcoin ’s surge to $50,000 on Monday comes at a time of souped-up institutional demand, a possible pivot in interest rates, and incoming scarcity from the Bitcoin halving — a stark contrast…
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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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