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Bitcoin is teasing to hit ATH by March-end


Bitcoin was earlier poised to hit a milestone of $69,000 by the end of 2024. However, trends have reversed pretty quickly, putting BTC in a position where it is speculated to hit ATH by the end of March 2024. For reference, the token is currently listed at $63,550.06, an increase of 2.69% in...

BlackRock Spot Bitcoin ETF AUM Hits $10B Overtaking the iShares Silver Trust


The newly listed BlackRock iShares Bitcoin ETF trading under the ticker symbol “IBIT” has overtaken the iShares Silver Trust reaching $10 billion in assets under management (AUM). The post BlackRock Spot Bitcoin ETF AUM Hits $10B Overtaking the iShares Silver Trust appeared first on Cryptonews

Bitcoin Withdrawals Near Record as Investors Pull $2 Billion from Exchanges


Bitcoin exchanges recorded a near-record outflow of $2.3 billion, approaching the highest withdrawal rates seen in its history with least Bitcoin assets available in all platforms since 2018. The post Bitcoin Withdrawals Near Record as Investors Pull $2 Billion from Exchanges appeared first...

GBTC outflows pull down ETF momentum


Bitcoin ETFs lost their momentum amid heavy outflows from GBTC. On February 29, 2024, the number stood at $599 million. Since the US Securities & Exchange Commission announced the launch of Spot Bitcoin ETFs on January 10, 2024, this is the second-highest outflow. Nevertheless, BlackRock...

Crypto rally pushes Bitcoin to best monthly gain since Oct. 21


The crypto market has ended its long slump as tokens reach their former glory. The recent rally saw Bitcoin surging for a fifth consecutive day on Wednesday. The rally helped BTC register its best monthly gain since October 2021. The token rose as much as 4.9% to reach $59,494 on Wednesday....

JPMorgan predicts Bitcoin correction following halving


Bitcoin has retraced to $61,500 at the time of articulating this piece. That is a fall of 2.50% in the last 24 hours. It briefly touched the milestone of $63,000; however, it is now rallying downward on the chart. An analyst at JPMorgan has predicted that a Bitcoin price correction could happen...

BlackRock to Launch Brazil’s First Bitcoin ETF on March 1


BlackRock introduces Brazil's first spot Bitcoin ETF iShares Bitcoin Trust BDR (IBIT39), set for launch on the stock exchange B3 on March 1, expanding local crypto investment options. The post BlackRock to Launch Brazil’s First Bitcoin ETF on March 1 appeared first on Cryptonews

Vanguard CEO Tim Buckley to Retire by End of Year


Asset management firm Vanguard CEO Tim Buckley is retiring by year-end 2024 after leading the firm for six years, and a total of 33 years working at the firm. The post Vanguard CEO Tim Buckley to Retire by End of Year appeared first on Cryptonews

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