The Bitcoin news category covers news related to the cryptocurrency Bitcoin (BTC) and its blockchain. You will see a compiled section of news solely dedicated to all things Bitcoin. Stay on track with the latest developments on Bitcoin. This includes updates in BTC price changes, Bitcoin market capitalization updates, breaking news on Bitcoin, and more.
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Notable gold investor Peter Schiff has warned that hedge funds are preparing to sell their Bitcoin holdings and initiate short bets on MicroStrategy. This is a huge shift in opinion about the most popular crypto and the software company that is famous for having a lot of Bitcoin. Companies like
Bitcoin miners sold around $2 billion worth of cryptocurrency in June, or more than 30,000 BTC. So far this year, this is the worst monthly sell-off recorded. In addition, when miners began selling off their holdings to keep afloat after the latest Bitcoin Halving, this massive liquidation has pushed miner
Mt. Gox, the infamous Bitcoin exchange that lost over 850,000 BTC in a 2014 hack, will start repaying its defunct users. The rehabilitation trustee stated that repayments in Bitcoin (BTC) and Bitcoin Cash (BCH) will commence in July 2024, bringing a sense of closure to investors who have waited over
A recent purchase has expanded the Bitcoin holdings of Metaplanet, a prominent Japanese investment firm. This decision reflects the firm’s increasing confidence in Bitcoin as a valuable asset and complements the broader trend of more institutions investing in cryptocurrency. Metaplanet, also known as “Asia’s MicroStrategy,” revealed a huge purchase of
Amid heavy withdrawals from the U.S. Spot Bitcoin ETFs, the cryptocurrency’s price has remained low throughout the week. Concerns over Bitcoin’s near-term performance were sparked by statistics from Farside Investors, which showed that these ETFs saw a total outflow of $545 million this week. Also, the stock market was closed
On Thursday, $139.88 million left U.S.-based spot bitcoin exchange-traded funds, marking the fifth day in a row of net withdrawals. Yesterday, according to statistics from SoSoValue, the top two funds in terms of daily net outflow were GBTC (Grayscale) and FBTC (Fidelity). With GBTC posting $53 million and FBTC $51
An additional 11,931 Bitcoins, valued at an average of over $65,883 per, were bought by Michael Saylor led MicroStrategy. In an effort to boost its Bitcoin holdings, MicroStrategy announced a week before that it would be selling $800 million in convertible notes. Interest on the notes will be paid semi-annually
According to statistics compiled by CryptoQuant, the reserves held by Bitcoin miners have fallen to levels not seen since 2021. The value of the reserve that miners have not yet sold reveals the amount of bitcoin held by linked miner wallets; the quantity itself represents the reserve. After beginning the
Potentially a massive outflow of capital from spot Bitcoin exchange-traded funds was set off by the Federal Reserve, and things could get much worse from here. Concerns were voiced by market observers after the Federal Open Market Committee’s announcement that interest rates would remain unchanged between 5.25% and 5.50%. The
In a recent development highlighting the German government’s involvement in the cryptocurrency space, approximately 6,500 Bitcoin (BTC), valued at over $425 million, were transferred from a government-affiliated wallet to various destinations, sparking speculation about its implications for the market. The transactions, detailed by cryptocurrency analysts and reported on by Arkham,
