Global #Bitcoin

The relationship between rising oil prices and Bitcoin has garnered significant attention from investors and analysts. As global economic conditions evolve, many are speculating whether surging oil prices could trigger a corresponding rise in Bitcoin’s value.

In a bold move, BlackRock, the issuer of the IBIT ETF, has acquired over $680 million in Bitcoin within just two days. This significant investment comes as IBIT, one of the most successful ETFs in the market, experiences a surge in price, reinforcing BlackRock's commitment to Bitcoin as a core element of its future strategies.

Venmo has officially integrated with MoonPay, allowing U.S. users to fund Bitcoin and other cryptocurrency purchases directly from their Venmo balances, bank transfers, or debit cards.

In a significant move reflecting the burgeoning interest in cryptocurrency, Morgan Stanley has begun offering its clients indirect exposure to Bitcoin through exchange-traded funds (ETFs).

After a period of subdued activity since May, Bitcoin (BTC) demand has surged, with a remarkable monthly growth of 177,000 BTC recorded just last week.

Recent data indicates a robust interest in cryptocurrency-backed exchange-traded funds (ETFs), particularly for Bitcoin and Ethereum. Over the past four days, Bitcoin spot ETFs recorded impressive inflows totaling $459 million as of October 16.