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Inflows of US Digital Asset ETFs Hits Total of $7.7B in Four Weeks
5.2.2024
Digital asset management funds are still on a record rise. So far, the crypto-backed investment products have recorded $7.7 billion in total inflows in the US, according to a February 6 CoinShares report on crypto-backed investment funds. CoinShares Head of Research James Butterfill shared...
Bitcoin Price Prediction as BTC’s Monthly Volume in January Hit Highest Level Since September 2022 – Bull Market Starting?
5.2.2024
In a remarkable turn of events, Bitcoin‘s 24-hour trading volume surged 15.30% to $16.01 billion, indicating a significant uptick in investor engagement and marking the highest volume since September 2022. This increase, over 10% for Bitcoin, pushing its value beyond the $43,000 threshold...
Due Diligence slows down the adoption of Spot Bitcoin ETF
5.2.2024
On January 10, 2024, the US SEC approved applications for Bitcoin ETFs, encouraging optimism among crypto enthusiasts. There was a momentary rise in the valuation, but that has calmed down now. While the Bitcoin ETF has paved the way for more crypto ETF applications to surface in the future,...
Beijing Censors Crypto Mining Activities to Strengthen Energy Conservation
5.2.2024
Beijing, China has further doubled down on crypto mining activities as a part of its revamped energy conservation implementation plan. Per a recent government notice, the Beijing Municipal Development and Reform Commission along with 11 other departments have implemented revised plan to further...
Bitcoin Price Prediction: BTC Nears $42,500 Amid Bukele Win and Soaring ETF Interest
5.2.2024
During the Asian trading session, Bitcoin’s latest price prediction takes into account a modest retreat to $42,585, marking a slight downturn of over 1%. This movement coincides with significant developments in the sector: President Nayib Bukele’s electoral success in El Salvador,...
El Salvador’s Pro Bitcoin President Nayib Bukele Claims Victory in Re-election Poll
5.2.2024
El Salvador’s incumbent president Nayib Bukele has claimed an overwhelming victory in the country’s presidential election poll. Bukele announced his commanding lead shortly after the polls closed. According to Bukele’s latest post, the preliminary counts secured his victory with more...
South Korean Financial Authority Director Plans Talks on Spot Bitcoin ETFs with US SEC Chair
5.2.2024
Head of the Financial Supervisory Service, Lee Bok-hyun, is set to visit the United States later this year, intending to engage in discussions with U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. The agenda of the meeting is expected to encompass various aspects of the crypto...
Bitcoin Price Prediction as $8 Billion Trading Volume Floods In – Time to Buy?
4.2.2024
As Bitcoin‘s trading volume surges to $8 billion, many are wondering if it’s the right time to buy, with current Bitcoin price predictions in focus. The cryptocurrency, which is currently trading at $43,000, has seen a slight decrease of nearly 0.50% on Sunday. This comes amid news from...
Bitcoin Price Prediction as BTC Pumps Past $43,000 Resistance – $50,000 BTC Incoming?
3.2.2024
Bitcoin Price Prediction Amid evolving cryptocurrency landscapes, BTC’s ascent beyond the $43,000 threshold, marking around 0.20% uptick, fuels bitcoin price predictions of its advance towards $50,000. This momentum coincides with US legislators scrutinizing the SEC’s cryptocurrency...
BlackRock’s Bitcoin ETF Surpasses Grayscale In Daily Trading Volume
2.2.2024
The Grayscale Bitcoin Trust (GBTC) was overtaken in daily trading volume by BlackRock’s Bitcoin ETF for the first time on Thursday, highlighting the legacy fund’s shrinking dominance over the Bitcoin (BTC) market. The iShares Bitcoin Trust (IBIT) processed $300 million in trades, versus $290...
Marathon Digital Snaps Up Two Bitcoin Mining Sites From Hut 8 For $13.5 Million
2.2.2024
Marathon Digital will acquire two of Hut 8’s Bitcoin mining sites for $13.5 million under an agreement announced February 2 in a press release. Marathon Digital Buys Out Site Management Rights Top Bitcoin mining firm Hut 8 said in the release that it’s relinquishing Bitcoin mining sites...
Bitcoin Price Whipsaws Around $43K After Blockbuster US Jobs Report – Where Next for BTC?
2.2.2024
The Bitcoin bulls and bears are in a battle for supremacy in wake of the latest blockbuster US jobs report, with the Bitcoin price swinging on either side of the $43,000 level as traders assess the outlook for US monetary policy this year, and the potential impact on crypto. The Bitcoin price...
BlackRock’s Spot Bitcoin ETF Now Holds $3 Billion in BTC
2.2.2024
Source: DALL·E BlackRock’s recently launched iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF, just hit a new milestone. As of Friday, it holds just over 70,000 BTC tokens, worth just north of $3 billion at the current Bitcoin price around $43,200. ???? JUST IN: BlackRock now holds 70,005 $BTC...
Bitcoin and Ethereum Price Prediction as BTC Spikes Up 2% and ETH Pushes Past $2,300
2.2.2024
Bitcoin and Ethereum Price Prediction In the realm of cryptocurrency, Bitcoin and Ethereum price prediction remains a focal point for investors. Bitcoin, despite facing a potential sell-off following the release of solid NFP and unemployment rate data, has managed to hold its ground near...
Bitcoin bulls charge: Experts predict stellar 2024 with $50k in sight
2.2.2024
Bitcoin is predicted to experience unprecedented growth and opportunities in 2024, according to many reports and analysts who have dissected micro and macro trends, forecasting a bright future for the world’s largest crypto and other related assets. The price of Bitcoin may surpass $50,000 by...
Bitcoin bull case: ETF adoption, shifting flows, and macro trends
2.2.2024
Bitcoin has been at the center of the stage since the time the US SEC approved ETF applications. In all honesty, BTC never really left the limelight. If anything, the approval has helped it gain more attention worldwide. Crypto enthusiasts are optimistic that the token will rise in the coming days...
BitGo to act as custodian for Hashdex Bitcoin ETF
2.2.2024
Following the anticipated consent, BitGo will serve as a qualified custodian for the Hashdex Bitcoin ETF. This is required for all ETF applications. BitGo’s sponsorship is a collaborative pledge to build a stronger and safer market structure. If the scenario changes in their favor, Hashdex...
Bitcoin Price Prediction: BTC Hits $43,000 Amid Tesla, El Salvador News; US Nonfarm Payrolls in the Spotlight
2.2.2024
Bitcoin Price Prediction In the latest Bitcoin price prediction, BTC has surged to $43,000 amid speculation over Tesla’s potential sale of its remaining Bitcoin holdings after forgoing $500 million in unrealized profits. Meanwhile, the Salvadoran president reaffirms his steadfast Bitcoin...
Belarusian-Cypriot National Charged by US for Operating Unlicensed Crypto Exchange BTC-e
2.2.2024
Belarusian and Cypriot national has been charged in the US for operating an unlicensed cryptocurrency exchange BTC-e and money laundering conspiracy, according to the Department of Justice (DOJ). Aliaksandr Klimenka and Alexander Vinnik, allegedly controlled the digital currency exchange BTC-e...
Three Arrows Co-Founders’ OPNX Exchange to Cease Operations
2.2.2024
Crypto exchange OPNX launched by Three Arrows Capital co-founders has announced it will “officially cease operations and shut down in February 2024.” The exchange said in an email it will cease all operations on 14 February. OPNX is asking customers to settle positions before 7 February, 8 AM...