The only spot Bitcoin fund in the US to have inflows on the first day of the week is BlackRock’s Bitcoin exchange-traded fund (ETF); other ETFs have reported either withdrawals or zero inflows. Data from Farside Investors indicates that on April 15, net inflows into the iShares Bitcoin Trust (IBIT) totaled $73.4 million, a reduction … Read more
With the crypto market downturn continuing and digital assets continuing to dump, the bull market exuberance seems to have abruptly stopped. The well-known market expert “Cold Blooded Shiller” said on X on April 16 to his 269,000 followers that Bitcoin is “still the cloud that hangs over crypto.” Although Bitcoin has dropped 15% from its peak … Read more
Last week, net withdrawals from US spot bitcoin ETFs occurred, which has only happened twice in the three months since the funds’ inception. According to BitMEX Research statistics, the 11-fund category lost $83 million in assets between April 8 and April 12. This is in contrast to net inflows of $485 million the week before. … Read more
The value of many assets has been significantly impacted by Iran’s retaliatory attack against Israel on Saturday, April 13. This is because it has raised the risk for some vital supply routes, like the Hormuz Strait, and stoked concerns that the ongoing conflict in the region may spread to other countries. The world’s most popular … Read more
The well-known cryptocurrency tracker Whale Alert announces the discovery of a second whale that, having lain dormant since Satoshi Nakamoto’s time, has awoken bearing millions of US dollars’ worth of Bitcoin. Following Bitcoin’s sharp decline on Saturday and subsequent partial recovery, this inactive wallet was revived. Wallet in Satoshi time awakens According to the aforementioned … Read more
This week, as a result of a combination of external factors and the impending Bitcoin halving, volatility in the price of BTC is expected. After a 15% decline in price, Bitcoin has an uphill battle to reclaim lost ground as the new week begins. Traders are moping after a disastrous weekend for cryptocurrencies, but Bitcoin … Read more
According to CoinDesk Indices data, several Hong Kong issuers have announced that they have been licensed for spot cryptocurrency exchange-traded funds (ETFs). As a result, Bitcoin (BTC) has increased 2.8% in the last 24 hours, trading above $66,500, and ether (ETH) has climbed to $3,240. WeChat (Weixin), a social media network, was used by China … Read more
As it seems that the United States has dissuaded Israel from launching a counterattack, the market has moved past worries of tensions between Iran and Israel intensifying. After Iran launched a huge drone and missile attack against Israel, which was mostly stopped by air defense systems, market volatility has subsided and Bitcoin (BTC) is trading … Read more
After the halving, an analyst predicts that Bitcoin miner sales might total up to $5 billion over four to six months. A market analyst believes that similar to past cycles, there may be a significant withdrawal of Bitcoin BTC from miners in the months after the halving. According to estimates made by Markus Thielen, head … Read more
Did you know that there are mobile games that pay actual Bitcoin for playing? These are legal games that you can download from the iOS App Store or Android Play Store, and while you play the game and watch advertising between rounds or stages, you’ll stack up satoshis (aka the smallest denomination of a Bitcoin). … Read more