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New BTC ETFs Hold Over 178,000 Bitcoin, Drain Massive Liquidity From Market
9.2.2024
TDLR: Nine ETFs have collectively accumulated a total of 177,949 Bitcoin BlackRock and Fidelity Dominate with Nearly 75% GBTC Bitcoin Reserves declined but still hold a higher number of BTC than all the nine funds combined According to recent reports, the nine new spot Bitcoin ETFs, which were...
Bitcoin’s Hashrate Hits Record 609 EH/s, Powering Through to New Peaks Amid Price Surge
8.2.2024
Bitcoin’s computational power soared to unprecedented heights this week, climbing to 609 exahash per second (EH/s) on Thursday, as per the seven-day simple moving average (SMA). Over the last year, figures reveal a staggering increase in Bitcoin’s hashrate, surging by 332 quintillion...
Bitcoin Price Prediction as BTC Becomes 10th Most Valuable Asset in the World – Can it Overtake Gold?
8.2.2024
Bitcoin Price Prediction As Bitcoin (BTC/USD) ascends to the 10th spot among the world’s most valuable assets, its current trajectory highlights a significant moment in the evolution of digital currencies. Trading at a noteworthy $45,500, Bitcoin has witnessed nearly 5% increase, underscoring...
Bitcoin Soars Above $45K, Reaching 4-Week High Post Spot ETF Launch
8.2.2024
Bitcoin’s USD value surged to its peak in nearly four weeks, marking the highest point since the launch of spot bitcoin exchange-traded funds (ETFs) on Jan. 11, 2024. On Thursday, bitcoin’s price climbed over 4% against the U.S. dollar, and hit a peak of $45,522 per unit. Bitcoin...
Bitcoin ETFs (Ex-GBTC) Now Hold More BTC Than MicroStrategy
8.2.2024
The recently launched spot bitcoin ETFs, excluding Grayscale's GBTC, added nearly another 5,000 tokens to their holdings yesterday, and now at more than 192,000 BTC, hold more of the crypto than MicroStrategy (MSTR), whose total stood at 190,000 as of the end of January
Top Crypto Gainers Today on DEXTools – LOONG, BABYDOGE, MOROS
8.2.2024
Top Crypto Gainers Today on DEXTools Crypto markets are pumping on Thursday, with Bitcoin (BTC) and Ether (ETH) both at multi-week highs, though crypto degens looking for the top crypto gainers today will continue to turn to tools like DEXTools to find low cap gems. Bitcoin is back in the $45,000s...
Best Crypto to Buy Today February 8 – BitTorrent, Stacks, Dymension
8.2.2024
Cryptocurrencies like BitTorrent, Stacks and Dymension compete for best crypto to buy today / Image by cryptonews.com Crypto markets are pumping on Thursday, with Bitcoin (BTC) and Ether (ETH) both at multi-week highs, though investors looking for the best crypto to buy today will still be eyeing...
Bitcoin Breaks Above $45K, Traders Predict a Possible $50K Push
8.2.2024
The cryptocurrency last traded above $45,000 on Jan 11
Spot Trading Volumes Hit $1.4 Trillion as Exchanges Record Growth In Fourth Consecutive Month
8.2.2024
Digital asset spot trading volumes continued on a steady rise in January on the back of a spot Bitcoin (BTC) ETF approval by the United States Securities and Exchange Commission (SEC). A new CCData market report shows an increase in market activity as ETF participants notch inflows and traders...
Spot Bitcoin ETFs See Over $1 Billion in Daily Trading Volume, BlackRock’s IBIT Outshines
8.2.2024
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have seen their total daily trading volume exceed $1 billion on Wednesday, with BlackRock emerging as the top performer. In a recent post on X, Bloomberg Intelligence analyst James Seyffart highlighted the standout performance of BlackRock’s...
Microstrategy Raises Bitcoin Holdings to 190K BTC — Calls Itself ‘World’s First Bitcoin Development Company’
8.2.2024
Nasdaq-listed Microstrategy has increased its cryptocurrency holdings to 190,000 bitcoins, having acquired 31,755 additional coins since the end of the third quarter. The company now considers itself “the world’s first Bitcoin development company,” with a unique value...
Bitcoin Price Pushes Above $44,000 as Bulls Regain Control – Where Next for BTC?
7.2.2024
The Bitcoin (BTC) price just hit its highest level since the 12th of January above $44,000. The world’s largest cryptocurrency by market cap seems to be taking its cue from bullish momentum in US equities. The S&P 500 came within a whisker of hitting the 5,000 level for the first time...
Cathie Wood Says Investors Are Ditching Gold For Bitcoin
7.2.2024
Ark Invest CEO Cathie Wood believes Bitcoin (BTC) is beginning to replace gold on the investment stage as the precious metal loses popularity over time. In a video presentation published by Ark on Sunday, Wood demonstrated how commodities at large have failed to provide a reliable hedge against...
Top Crypto Gainers Today on DEXTools – COFFEE, MOROS, MUSK
7.2.2024
While blue-chip crypto markets are moving higher mid-way through the US trading session, investors looking for quicker gains will continue to turn to the top crypto gainers today on DEXTools. Bitcoin (BTC) just hit new one-week highs in the $43,600s and is threatening a break back above $44,000...
Best Crypto to Buy Now February 7 – Dymension, Synthetix, Conflux
7.2.2024
While blue-chip crypto markets are choppy mid-way through the US trading session, the best-performing names today are smaller altcoins Monero (XMR), Dymension (DYM) and Conflux (CFX), which could be the best crypto to buy now. Bitcoin (BTC) hit new one-week highs in the $43,600s and is preparing...
Bitcoin Technical Analysis: BTC Resilience Maintains Amidst a Balanced Crypto Market
7.2.2024
Bitcoin’s price continues to demonstrate resilience in the face of market fluctuations, settling at $42,902 to $43,091 within the last hour, with a modest uptick of 0.4% in the last 24 hours. This week’s growth of 0.7%, coupled with a 6.8% increase over the past two weeks, highlights...
Determining Better Bitcoin Stock: Riot Platforms or MicroStrategy?
7.2.2024
  Representing two different ways to invest in Bitcoin (BTC), MicroStrategy (MSTR) and Riot Platforms (RIOT) have skyrocketed this year, mirroring Bitcoin’s price. For reference, the software company MicroStrategy has gained notoriety over the last three years for amassing Bitcoin. Riot...
Bitcoin Price Prediction: BTC Nears $43,000; Can ETF Surge & MicroStrategy Buy-In Fuel a $50,000 Rally?
7.2.2024
Bitcoin Price Prediction During the Asian session, Bitcoin‘s trajectory garners significant attention, with the asset flirting with the $43,000 mark. Recent developments, including BlackRock’s Bitcoin ETF climbing to the elite ranks of ETFs and MicroStrategy’s substantial...
Grayscale Reduces Bitcoin Holdings as Competing ETFs Continue to Bolster Reserves
7.2.2024
After the trading activity on Monday, which saw $642 million in transaction volume, Grayscale’s Bitcoin Trust sold off approximately 3,426.99 bitcoin, valued at around $147 million. Following Tuesday’s trading activity, GBTC offloaded an additional 2,565.39 bitcoin, valued at $110...
Beijing Targets Cryptocurrency Mining Operations in New Energy Conservation Plan
7.2.2024
Beijing is prepared to apply a new policy to strengthen the actions to foster energy conservation in several aspects of the city’s operations, promoting carbon and pollution reduction. The plan proposes to increase the oversight level on Bitcoin mining activities, thwarting its remnants....