Sun, February 2

How the Bitcoin ETF Changed BTC for the Better 

It’s been less than a year, and yet it’s hard to remember Bitcoin without a spot ETF. Just as Bitcoin before the advent of stablecoins, centralized exchanges, or block explorers, is hard to fathom now, the pre-ETF times feel dark and distant. Bitcoin didn’t need the SEC to rubber stamp

October 9, 2024 4 mins read

Bitcoin Faces Downward Pressure After Hitting $64K

The price of Bitcoin (BTC) fell nearly 2% over the last 24 hours, after reaching a peak of $64,443 on October 7. At the time of writing, Bitcoin is priced at $62,438, 3.76% down from its earlier high. The cryptocurrency briefly dipped to an intraday low of $62,152, even as

October 8, 2024 2 mins read

National Bank of Bahrain (NBB) Unveils Bitcoin Investment Fund

The first Bitcoin-linked Structured investment in the Gulf Cooperation Council (GCC) has been launched by the National Bank of Bahrain (NBB) in partnership with APR Digital. The flagship cryptocurrency will be available to approved investors via this fund. At the same time, this is fantastic news for Bitcoin’s acceptance in

October 7, 2024 2 mins read

Bitcoin Price Recovers 2% as Uptober Bull Run Anticipations Rise

On analyzing sentiment parameters in the cryptocurrency sector, readings show positive as investors await the Uptober bull run. The recent price recovery in the overall market has influenced the optimistic sentiment. Additionally, Bitcoin’s price recovery has also raised traders’ hopes for upward movements.  In the past week, Bitcoin’s price caused

October 7, 2024 2 mins read

Analysts Predict Bitcoin Price Surge in Q4 Despite Slow Demand Growth

After a halving event, Bitcoin’s (BTC) performance tends to improve in the fourth quarter of bull cycle years. Despite predictions from CryptoQuant that this year would be similar, the numbers just don’t make up.  During the three halving years of 2012, 2016, and 2020, the seasonal results for the price

October 5, 2024 2 mins read

CleanSpark Boosts Hashrate by 187% in a Year, Expands Mining Capacity

In its unaudited fiscal year report, CleanSpark, a Bitcoin miner, said on October 4 that their hashrate had increased by 187% over the past year. The company’s total Bitcoin mined for the fiscal year reached 7,098 with 493 mined in September. It has 188,520 miners on the go with an

October 5, 2024 2 mins read

Metaplanet Expands Bitcoin Reserves with Sale of 233 BTC Put Options

Metaplanet, a Japan-based Bitcoin investment firm, has announced the sale of 233 BTC put options with a strike price of $62,000 expiring on December 27, 2024. It resulted in earning a premium total income of 23.97 BTC. The firm’s strategic use of Bitcoin derivatives is to generate additional income from

October 3, 2024 2 mins read

Analysts Warn of Potential Price Correction Amid Bitcoin OI Surge

Some market analysts are worried that the market is becoming frothy due to the recent increase in open futures contracts for Bitcoin. Open interest (OI) in Bitcoin has skyrocketed, surpassing $35 billion, a mark that has traditionally been associated with local price peaks. One important indicator that investors use to

October 2, 2024 1 min read

US Spot Bitcoin ETFs Record $1.1B Inflows in Best Week Since July

With inflows of almost $1.1 billion, the United States spot Bitcoin exchange-traded funds had their best week since July 15-19. According to Farside Investors, the best-performing day since June 4 was on September 27th, when $494.4 million was added. The spot Bitcoin ETFs raised $366 million on September 26th, the

September 29, 2024 1 min read

Can Uptober Live Up to Its Bullish Expectations This Year?

The cryptocurrency market is gearing up for a potential bullish surge in October, famously dubbed “Uptober,” following a historically positive trend during this month. Uptober, a blend of “Up” and “October,” represents the expected bullish performance of Bitcoin and other altcoins based on historical data. According to Coinglass, Bitcoin has

September 27, 2024 2 mins read
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