Fri, September 25

U.S Bitcoin ETFs See $226.2M Net Outflow, BlackRock’s IBIT Defies Trend

A large net outflow of $226.2 million was seen in yesterday’s U.S spot Bitcoin ETF market, according to recent monitoring data from Farside Investors. Investor mood has changed, as seen by this substantial swing. Although the majority of funds saw withdrawals, BlackRock’s IBIT ETF was the only one that managed

June 14, 2024 2 mins read

MicroStrategy to Issue $500M in Convertible Notes to Buy More BTC

The Michael Saylor-led MicroStrategy is re-increasing its wagers on the crypto industry in the hopes of expanding its Bitcoin holdings. The company just announced that it would be issuing convertible senior notes with a face value of $500 million. Importantly, MicroStrategy has said that it plans to purchase further Bitcoin

June 13, 2024 2 mins read

U.S Bitcoin ETFs Net Over $100M Inflows After 2-Day Outflow Streak

On Wednesday, a total of $100.9 million was poured into the eleven U.S. spot bitcoin exchange-traded funds, returning them to a net inflow position. On Monday and Tuesday, investors pulled their money out of the exchange-traded funds (ETFs), breaking a record 19-day inflow run. SosoValue data shows that on Wednesday,

June 13, 2024 1 min read

Merlin Chain Unlocks Yield Potential for Bitcoin Holders with DeFi Integration

The goal of Merlin Chain, a Layer 2 blockchain built for Bitcoin, is to provide holders of the most valuable cryptocurrency in the world with long-awaited yield potential. With the help of the network’s suite of cutting-edge decentralized finance (DeFi) integrations and Proof-of-Stake (PoS) consensus mechanism, bitcoiners will be able to

June 12, 2024 2 mins read

Bitcoin Surges To $69K Amidst Lower Than Expected Inflation Rate

Today, Bitcoin (BTC) surged by 4%, propelling its price from $67,700 to $69,506, following the release of the U.S. Consumer Price Index (CPI) data, which showed a lower-than-expected inflation rate of 3.3% for May. This comes amidst anticipation over the Federal Reserve’s decisions on interest rate cuts. The highly anticipated

June 12, 2024 1 min read

Bitcoin ETFs See Surge in Trading Volume Amidst Recent Price Plunge

The Bitcoin ETFs have reported two days of outflows following 19 days of inflows, indicating that the price of Bitcoin is experiencing heavy selling pressure this week. U.S. bitcoin exchange-traded funds had a net outflow of $200 million on June 11th. However, the volume of Bitcoin exchange-traded funds (ETFs) has

June 12, 2024 1 min read

Donald Trump Advocates For Bitcoin Mining Advancing His Pro-Crypto Stance

The US presidential candidate Donald Trump has turned his focus on crypto mining according to sources on Wednesday. The former US president in a recent meeting has promised to advocate mining of the leading crypto asset. He has outlined Bitcoin mining as the final source of defense against CBDC. Trump

June 12, 2024 2 mins read

Bitcoin Miners Liquidate Reserves Amid Ongoing Crypto Market Slump

As the price of cryptocurrencies plummeted and liquidations increased, Bitcoin miners made the largest sell of reserves since late March 2024. Bitcoin miners’ stance on holding or selling reserves influences market patterns. There has been a severe ongoing downtrend in the cryptocurrency market, as a number of assets have taken

June 12, 2024 2 mins read

U.S Bitcoin ETFs See First Net Outflows in 19 Days, BTC Price Tanks

Monday marked the end of the longest inflow run of 19 days for the 11 U.S. spot bitcoin exchange-traded funds, as a daily net outflow of $64.93 million was recorded. With $40 million in outflows this week, Grayscale’s GBTC was far and away the biggest loser. According to statistics from

June 11, 2024 2 mins read

Japanese Firm Metaplanet Boosts Bitcoin Holdings, Stock Price Soars

Metaplanet, a Japanese investment firm, has expanded its Bitcoin holdings by a substantial amount. This bold step demonstrates the firm’s increasing faith in Bitcoin’s value and mirrors the general trend of institutional investors pouring more money into the crypto market. Moreover, Metaplanet, dubbed “Asia’s MicroStrategy,” had its stock price soar

June 11, 2024 1 min read