Wed, November 20

Bitcoin Surges Amidst Market Rally, Short Liquidation Crosses $100M

On the last day, when the price of Bitcoin rose, crypto derivatives traders who had bet on a decline in the market were liquidated for almost $100 million. Following a range-bound weekend, Bitcoin reached $66,000 today, gaining 5.73% on the previous day. Bitcoin’s price returned to levels not seen since

October 14, 2024 1 min read

Bitcoin Miners Feel the Heat as Hashrate Climbs and Profits Drop

Bitcoin (BTC) mining profitability took a hit in September 2024, as rising network difficulty and a steady Bitcoin price put pressure on miners. U.S. investment bank Jefferies highlighted that the network’s hashrate saw a 1.7% increase, making it tougher for miners to generate rewards despite Bitcoin’s value remaining mostly unchanged.

October 14, 2024 1 min read

US Bitcoin ETFs See $253M Inflows on October 11, Ending 3-Day Streak

US spot Bitcoin exchange-traded funds had net inflows of $253.6 million on October 11, after a string of three trading days in which they had seen withdrawals. Farside Investors data reveals that the top two bitcoin funds in terms of net inflow were the Fidelity Wise Origin Bitcoin Fund with

October 12, 2024 2 mins read

MicroStrategy’s Michael Saylor Unveils Ambition for Largest Bitcoin Bank

The founder and executive chairman of MicroStrategy, Michael Saylor, recently shared his bold plans for the future of the firm in an interview. He has lofty ambitions of making this company the largest Bitcoin bank. The price of Bitcoin might be influenced by this, which could be a factor of

October 11, 2024 2 mins read

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