Bitcoin’s meteoric rise continues as its total market value surpasses $1 trillion, fueled by a surge in price to over $51,000 on February 14th. This increase follows rising interest from not just individual but also institutional investors, propelling Bitcoin to sustainable price appreciation despite significant challenges. Despite the latest milestone, data suggests an ongoing battle...Read More
Eight Bitcoin ETFs’ daily inflows hit 12,073 BTC worth $590 million on February 13, with BlackRock’s iShares leading in those numbers. Meanwhile, Grayscale outflows slowed to only 1,147 BTC, worth $56 million after weeks of high outflows. Spot Bitcoin ETFs Inflows at $590M On February 13, as reported by Lookonchain, the leading spot Bitcoin ETFs...Read More
The past few days have been a rollercoaster of emotions for crypto traders as heightened volatility spiked speculation and greed. After Bitcoin price teased $50,000 for the first time on Monday, heavy liquidations were reported on Tuesday, fueled by high-impact news from the United States. Notably, economists led by veteran trader Peter Schiff believe the...Read More
The seventh day of the COPA v. Wright trial kicked off on Tuesday, exposing a glaring weakness in the latter’s argument to convince the court that he is the creator of Bitcoin. When pressed by prosecutors, Craig Wright failed to name a single person outside of the public domain to whom he had sent Bitcoin...Read More
Founders Fund, the venture capital enterprise founded by billionaire Peter Thiel, is reportedly reinvesting in Bitcoin and Ether, as per reports. This move by the San Francisco-based venture capital firm, which has roughly $12 billion in total assets under management as of 2023, marks a resurgence of Silicon Valley’s interest in the crypto market. Silicon...Read More
Michael Saylor, MicroStrategy’s co-founder and executive chairman, said in a recent interview that the demand for Bitcoin coming from the recently listed spot Bitcoin exchange-traded funds (ETFs) is tenfold the supply available from natural sellers, who are miners. Saylor believes the ETFs are supporting the surge in the Bitcoin price since there is an imbalance...Read More
The Crypto Fear and Greed Index, a tracking tool for market sentiment in crypto, has surged as high as 79 out of 100, hitting a level not seen since Bitcoin peaked at $69,000 in November 2021. The increase, observed on February 13, comes as Bitcoin surpassed the $50,000 mark a day earlier. Crypto Fear and...Read More
The ad was launched less than a week after US President Joe Biden was accused of killing the US dollar by Russia’s President Vladimir Putin in a recent interview. In its latest ad released on Feb.12, Coinbase used an animated Abraham Lincoln on a penny (or 1-cent coin), saying that it used to mean something....Read More
Investments in digital assets surged by $1.1 billion, bringing the year-to-date total to $2.7 billion. With the recent market recovery and subsequent price hikes, the total assets under management (AuM) have reached their highest point since early 2022, hitting $59 billion. According to Coinshares’ latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin dominated...Read More
The upcoming Bitcoin (BTC) halving is likely a bullish development, but a slew of outside factors mean it likely won’t play out the same as in previous years, according to Grayscale. Last month, the company successfully converted its Grayscale Bitcoin Trust (GBTC) into the world’s largest Bitcoin ETF. The introduction of such ETFs, according to...Read More
Nine newly launched spot Bitcoin ETFs have collectively accumulated 216,309 Bitcoins (worth $10.3 billion) in just 21 days after launching. According to HODL15Capital, the Bitcoin collection now surpasses the holdings of MicroStrategy, which owns 190,000 BTC, having begun accumulating portions of the asset in August 2020. Bitcoin ETFs Accumulate Substantial Holdings The ETFs, BlackRock (IBIT),...Read More
On Feb. 12, Mechanism Capital partner Andrew Kang predicted that long-term Bitcoin demand flows this year would be between $40 billion and $130 billion. There is a huge amount of global wealth and income that could potentially flow into crypto, he said, stating that the global aggregate income is around $52 trillion. Current crypto ownership...Read More
CleanSpark Inc., a prominent participant in the Bitcoin mining industry, has unveiled plans to increase its operating hash rate. The company aims to double its hash rate in preparation for the upcoming Bitcoin halving event. In light of this, the firm has revealed strategic acquisitions and expansion initiatives to enhance its mining capabilities and geographic...Read More
Since plummeting from its peak in 2022, the Shiba Inu price has yet to experience any significant price surges. But with the crypto market now recovering and Bitcoin on the edge of reaching the $50,000 mark, investors are curious if SHIB could undergo a tenfold rally similar to its 2021 surge in the upcoming months...Read More
Bitcoin spot ETFs recorded $400 million of net inflows on Thursday, bringing their total inflows since launch beyond $2 billion for the first time. The inflows were coupled by a surge in Bitcoin’s price late this week, taking it to $48,000 as of Friday. Bitcoin ETF Inflows Outpacing Grayscale In terms of daily flows, Thursday...Read More
The crypto industry is recording a persistent rise, indicating a growing interest of users in it. With the crypto token hype increasing, websites are introducing unique ways to attract users. One such innovative trend that received quick success was the crypto gambling website. Cryptocurrency gambling is a flourishing trend in the industry as it has...Read More
Activity around Bitcoin spot ETFs has slowed substantially this week, with two major funds losing their undefeated streak of inflows since launch. On Monday, both the Bitwise Bitcoin ETF (BITB) and the ARK 21Shares Bitcoin ETF (ARKB) saw their first day of net zero inflows. Loss Of Momentum For Bitcoin Spot ETFs According to data...Read More
Bitcoin-bullish software company MicroStrategy (MSTR) increased its Bitcoin position again in January, bringing its total holdings to an even 190,000 BTC. Michael Saylor, the executive chairman of the company, said on Tuesday that the company acquired another 850 BTC in January for $37.2 million. That’s an average price of $43,764, slightly above today’s trading price...Read More
Analysts at crypto exchange Bitfinex have attributed the plunge in BTC’s price to Bitcoin miners who leveraged the asset’s recent rally to make a profit. According to the latest edition of the Bitfinex Alpha report, the BTC reserves of miners have reduced significantly as they have embarked on a selling spree, seeking to provide capital...Read More
Results released so far show that El Salvador’s incumbent President Nayib Bukele marked a landslide victory, indicating that he could be re-elected for a second term. Bukele’s administration cracked down on gang violence in El Salvador and made history with the adoption of Bitcoin as a legal tender in the country. Another Five Years for...Read More
Argo Blockchain PLC, a London-based cryptocurrency miner, announced on Monday a drop in Bitcoin production for January, resulting in a 7.81% decline in its shares. The company attributed the decrease in mining output to a 20% decline in daily production compared to December, primarily driven by a 16% drop in Bitcoin-denominated hashprice. Argo Blockchain Shares...Read More
Bitcoin experienced predominantly sideways trading throughout January. The primary cryptocurrency briefly dipped to a low of $38,500, its lowest in two months, before rebounding to surpass $43,000. However, the latest data indicates the emergence of a potential uptrend in prices upon gauging the long-term holders’ movement patterns. Short-term Bitcoin holders may have capitalized on gains...Read More
Bitcoin’s (BTC) price has recovered after plunging to an undervalued territory a week ago. Amid the price fluctuations, the asset’s demand has remained positive. A weekly report from on-chain analytics platform CryptoQuant shared with CryptoPotato revealed that BTC’s price may have bottomed as its latest descent crushed the short-term holders’ unrealized profit margins to 0%. Bitcoin...Read More
China’s economy grew 5.2% in 2023, but its stock market took a 10% tumble for the year. Meanwhile, some Chinese investors sought shelter in cryptocurrency despite the government’s Bitcoin ban. These brave souls were not unpatriotic, nor was their investment in Bitcoin against the fundamental principles of Chinese communism. In fact, they are on to...Read More
Individuals interested in cryptocurrency would likely be familiar with the term ‘Low-Cap Gem.’ These assets, alternatively known as ‘small-cap gems,’ are frequently regarded by experts as the most promising altcoins for the potential of substantial returns on investment. With a plethora of such projects available, it is crucial to choose those that are authentic. This...Read More
One of the largest banking groups in Germany intends to launch crypto trading services for interested customers this year. According to a Bloomberg report, the cooperative financial group, comprising more than 700 local banks, a central bank, specialized service providers, and institutions, plans to enter the project’s pilot phase soon. DZ Bank to Lead Crypto...Read More
Cathie Wood’s asset management firm Ark Invest has predicted that the price of Bitcoin (BTC) could soar to $2.3 million if institutions allocated a substantial portion of their investable asset base to it. The asset manager made the prediction in its research report named Big Ideas 2024, explaining the hypothetical impact that institutional investments and...Read More
El Salvador’s Vice President, Felix Ulloa, affirmed on Wednesday that Bitcoin would continue to be legal tender in the country during President Nayib Bukele’s second term. The announcement follows the IMF’s request to reevaluate the cryptocurrency as legal tender during ongoing negotiations for a substantial billion-dollar loan. El Salvador’s Bitcoin Commitment Unwavering As El Salvador...Read More
The Biden Administration is imposing new reporting requirements on all U.S. cryptocurrency miners to disclose data related to how much electricity they consume. The so-called “Emergency Survey” marks another attempt by the U.S. government to curb the negative excesses of Bitcoin mining, which Democrats have widely criticized for polluting the environment. The Emergency Bitcoin Mining...Read More
The Europen Union is developing rules and regulations that could be equivalent to a defacto ban on Bitcoin by 2025. Moreover, the European Central Bank (ECB) is spearheading the effort with support from two other major banks. On Jan. 31, Bitcoin environmentalist and venture capitalist Daniel Batten reported that the Bank of International Settlements (BIS)...Read More
