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Bitcoin slows down after massive surge as analysts eye rebound
22.3.2024
The year has been a rollercoaster ride for Bitcoin and the crypto market. The biggest crypto ended its long slump in the past few months, even crossing the 70,000-dollar mark. However, the massive surge cooled off after BTC hit its all-time high of 73,800 dollars. Now, the crypto is hovering around...
Investors Take Profit After Bitcoin Rally, Bull Cycle is Far From Over: CryptoQuant
22.3.2024
The Bitcoin bull cycle is still far from over with many large Bitcoin investors selling the market is entering a period of price correction, according to on-chain analytics platform CryptoQuant.
The post Investors Take Profit After Bitcoin Rally, Bull Cycle is Far From Over: CryptoQuant appeared...
Spot Bitcoin ETFs See Fourth Consecutive Day of Net Outflows, GBTC Bleeds $358M
22.3.2024
The Grayscale Bitcoin Trust's (GBTC) exchange-traded fund (ETF) experienced another day of significant outflows, with nearly $359 million exiting the fund on March 21.
The post Spot Bitcoin ETFs See Fourth Consecutive Day of Net Outflows, GBTC Bleeds $358M appeared first on Cryptonews
Bitcoin advancements in AI and machine learning
22.3.2024
Bitcoin is at the forefront of the ever-changing cryptocurrency ecosystem, as technological developments in AI and Machine Learning continue to influence it. In this article, we will explore the recent Bitcoin advancements in artificial intelligence and machine learning and how they have affected...
Fed boosts BTC price while BlackRock hints at $5 Trillion project
21.3.2024
On Thursday, the crypto market showed some life again with a double dose of positive news. Bitcoin, the biggest crypto in the market, gained 8% value and breached the $66,000 mark once again. The surge helped Ethereum (12%) and XRP (4%) also make a comeback. According to market experts,...
Bitcoin Spot ETFs See Net Outflow on Third Consecutive Day
21.3.2024
Bitcoin spot exchange-traded funds (ETFs) in the United States have witnessed a three-day streak of net outflows, with a total of $261.5 million leaving the ten approved funds on March 20.
The post Bitcoin Spot ETFs See Net Outflow on Third Consecutive Day appeared first on Cryptonews
UK Woman Found Guilty of Laundering $2.5B in Bitcoin
21.3.2024
A British woman has been found guilty and convicted on Wednesday for laundering over $2.5 billion (£2 billion) worth of Bitcoin for a Chinese fugitive.
The post UK Woman Found Guilty of Laundering $2.5B in Bitcoin appeared first on Cryptonews
FOMC Interest Rate Decision Signals All Clear For Bitcoin Bull Run
20.3.2024
The Bitcoin (BTC) bull run has clear skies above following the Federal Open Markets Committee (FOMC) interest rate decision on Wednesday.
The post FOMC Interest Rate Decision Signals All Clear For Bitcoin Bull Run appeared first on Cryptonews
Bitcoin Price Pumps Back Above $67,000, Up 10% from Intra-day Lows Following Dovish Fed
20.3.2024
The Bitcoin (BTC) price is pumping in the wake of the latest Fed policy announcement, which saw the bank leave interest rates unchanged at 5.25-5.5% for a fifth successive meeting and continue to forecast three rate cuts in 2024.
The post Bitcoin Price Pumps Back Above $67,000, Up 10% from...
Bitcoin price retreats: Correction or calm before the storm?
20.3.2024
Bitcoin achieved an ATH of ~$73,000 but has retraced to ~$63,000. This has been credited to the ongoing calm amid the bull run and some of the inventors taking profits back to their homes. Also, analysts believe that the price could have been corrected before it rose after a few days of Halving....
Grayscale CEO confirms to bring down fees for Bitcoin ETF
20.3.2024
Grayscale currently has a management fee of 1.5%. That is higher than what its competitors are charging. BlackRock and Fidelity charge a lower fee and intend to capture most of the market share. However, there could be a change in the tide, for the Chief Executive Officer of Grayscale has confirmed...
Bitcoin Spot ETFs Lose $326 Million In Largest Daily Outflow Since Launch
20.3.2024
Bitcoin spot ETFs in the United States are showing signs of waning momentum after Tuesday marked their largest daily net outflow since launch.
The post Bitcoin Spot ETFs Lose $326 Million In Largest Daily Outflow Since Launch appeared first on Cryptonews
Grayscale’s Bitcoin ETF sees record outflow amid BTC dip
20.3.2024
According to official statistics released on Monday, Grayscale’s Bitcoin Trust witnessed its most significant daily outflow since converting to a spot exchange-traded fund (ETF) in January of this year. This suggests a discernible shift in the sentiments of investors regarding the fund....
Bitcoin: Mixed signals – Investment spree, stock slump, and El Salvador’s reliance
20.3.2024
Bitcoin is down by 4.465 in the last 24 hours and 14.80% in the last 7 days at the time of writing this article. There are now two ways to look at this situation: investors are betting big on the future scope of the token by accumulating BTC in higher numbers, and others are feeling …
GBTC Bleeds Another $443 Million as Bitcoin Price Drops Below $61,000
20.3.2024
Bitcoin experienced a significant price collapse amid continued outflows from Grayscale's converted GBTC spot Bitcoin ETF.
The post GBTC Bleeds Another $443 Million as Bitcoin Price Drops Below $61,000 appeared first on Cryptonews
Wu-Tang’s Ghostface Killah Set To Release Exclusive Music On Bitcoin
19.3.2024
Popular American rapper and member of the acclaimed hip-hop group Wu-Tang Clan, Dennis David, also known as Ghostface Killah, has revealed plans to release a collection of exclusive music as Bitcoin Ordinals. Ghostface announced this on X (formerly Twitter) on March 18.
The post Wu-Tang’s...
CoinShares Report: Investors Remain Bullish on Bitcoin Despite Market Downturn
19.3.2024
A report by CoinShares on the performance of Bitcoin investment products sheds new light on how the recently launched spot Bitcoin ETFs, together with bullish investment, have helped the products post all-time high inflows last week. Published yesterday, the digital asset manager’s findings...
Billionaire Michael Saylor Announces $623 Million Bitcoin Purchase, MicroStrategy Now Owns Over 1% of Total Supply
19.3.2024
MicroStrategy, the world’s largest corporate holder of Bitcoin (BTC), has acquired another 9,245 coins at an average price of $67,382.
The post Billionaire Michael Saylor Announces $623 Million Bitcoin Purchase, MicroStrategy Now Owns Over 1% of Total Supply appeared first on Cryptonews
Is BTC in RED ALERT as Halving Event Nears? An Analyst’s Take
19.3.2024
Bitcoin has made enormous strides since its release in 2009 and has seen three halves in the trading market in the last one and a half decades. With its fourth halving coming near, price fluctuations are a hot topic in the crypto trading industry. The volatility of BTC is in question, even though...
Standard Chartered estimates Bitcoin to hit $150k this year
19.3.2024
Bitcoin was previously estimated to end this year at $100k. However, analysts from Standard Chartered have raised the yearly target to $150,000. Interestingly, they had previously increased the target to $120,000, considering the approval of the Bitcoin ETF. The current estimate comes with...