Mon, February 3

U.S Spot Bitcoin ETFs Reach August Peak with $252M Inflow

With the continuation of a seven-day string of positive inflows on Friday, the aggregate value of the spot bitcoin exchange-traded funds in the US hit its highest point so far in August, at around $58.4 billion. In addition, according to statistics from SoSoValue, Friday’s net influx of $252 million was

August 25, 2024 1 min read

Hong Kong Spot Bitcoin ETFs Reach $269M AUM Amid Slow Inflows

The assets under management (AUM) of spot Bitcoin ETFs in Hong Kong have topped 2 billion Hong Kong dollars, or around $256 million. When compared to their American equivalents, the Bitcoin (BTC) exchange-traded funds in Hong Kong have gotten off to a slower start. Data from SoSo Value shows that

August 24, 2024 1 min read

Bitcoin Surges Near $65K as Fed Signals Rate Cuts

In the latest crypto market update, Bitcoin has surged past $65,000 following signals from Federal Reserve Chairman Jerome Powell that rate cuts may be on the horizon. Powell’s comments on cooling inflation and concerns about labor market weakness have fueled optimism among investors, pushing Bitcoin’s price up by over 6.79%

August 24, 2024 2 mins read

JPMorgan Reports Significant Drop in Miner’s Profitability Post Halving

A recent research from JPMorgan states that Bitcoin miners are finding it difficult to maintain profit due to the April halving of the Bitcoin network and increasing power prices. According to a report written by analysts Reginald Smith and Charles Pearce, the Q2 of 2023 was a historic quarter for

August 24, 2024 2 mins read

U.S Spot Bitcoin ETFs Witness $65M Inflows Led by BlackRock’s IBIT

U.S. spot bitcoin ETFs have now had six consecutive days of positive inflows, with Thursday’s data showing net inflows of $64.91 million. SoSoValue data shows that on Thursday, the biggest inflow among the funds was $75.49 million into BlackRock’s IBIT, the biggest spot bitcoin ETF by net assets. A total

August 23, 2024 1 min read

Can Bitcoin Sustain the Ongoing Brief Bullish Momentum?

The crypto market has briefly recovered from the recent dip, and the global crypto market cap has spiked by 0.75% to $2.15 trillion over the last day. Leading cryptocurrencies have recovered moderately from their support levels. Among them, Bitcoin (BTC) has soared 0.39% within the last 24 hours.  Bitcoin’s price

August 23, 2024 2 mins read

El Salvador Acquires $355M Due to Daily BTC Buying Commitment 

El Salvador, under the leadership of President Nayib Bukele, has continued to make changes in the crypto world with its commitment to Bitcoin. Since November 2022, the country has been purchasing one BTC every day as part of its “1 Bitcoin a Day” program. This initiative will continue until Bitcoin

August 23, 2024 2 mins read

Bitcoin Exchange Inflows Plummet in August Despite Sell-off Speculation

Bitcoin exchange inflows, defined as the total amount of Bitcoin delivered to exchanges, have declined sharply since early August, notwithstanding transfers from the Mt. Gox bankruptcy estate and concerns of a US government sell-off. Almost 94,000 Bitcoin were delivered to exchanges on August 4, followed by about 49,000 Bitcoin on

August 23, 2024 1 min read

Bitcoin Open Interest Surges $1.26B as Fed Rate Cut Speculation Grows

Some have taken the release of the US Federal Reserve’s meeting minutes from July as more confirmation of a rate decrease in September. However in the hours after the release, Bitcoin futures traders added over a billion dollars to Bitcoin Open Interest (OI). With a gain of $1.26 billion in

August 22, 2024 2 mins read

Mt. Gox Shows BTC Movement Activity After 3 Weeks of Dormancy

Bitcoin prices on particular occasions are influenced by external actions. For instance, the German government’s BTC selling caused major price drops in the crypto asset. One other notable action was the Mt.Gox transfers that occurred during the same time as the German government’s BTC selloffs.  Notably, according to Arkham Intelligence

August 21, 2024 2 mins read
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