Wed, November 20

US Bitcoin ETFs See $158M Inflows Amid Bitcoin Price Surge

Prior to Thursday’s net inflow of $158.21 million, spot bitcoin exchange-traded funds in the US had a net outflow of $52 million. Among yesterday’s inflows, Ark Invest and 21Shares’ ARKB received $81.07 million, the most, according to SoSoValue statistics. Net inflows of $49.88 million were recorded by Fidelity’s FBTC, while

September 20, 2024 2 mins read

US Spot Bitcoin ETFs Record $52.83 Million in Net Withdrawals

On Wednesday, spot bitcoin exchange-traded funds in the United States recorded net withdrawals of $52.83 million, capping four days in a row of net inflows totaling more than half a billion dollars. SoSoValue data indicates that Ark Invest and 21Shares’ ARKB suffered the most withdrawals yesterday, at $43.41 million. Bitwise’s

September 19, 2024 1 min read

Bitcoin (BTC) Approaches Key Resistance Level at $60k

Bitcoin is currently experiencing significant upward momentum, trading at $60,654, reflecting a 4.30% increase over the past day. This price is nearing a key resistance level at $61,401, which was noted on September 17.  Whale activity is also noteworthy, with significant transfers occurring. A dormant whale transferred 1,215 BTC from

September 18, 2024 2 mins read

Bhutan’s Bitcoin Mining Yields $780 Million in Holdings

The small South Asian nation of Bhutan now ranks as the fourth-largest government in terms of Bitcoin holdings. The country holds a total of 13,011 Bitcoins, valued at approximately $780.49 million. These holdings were revealed through Arkham’s platform, which publicly identified the addresses for the first time. Unlike most governments,

September 17, 2024 2 mins read

MicroStrategy to Issue $700M Convertible Notes to Buy More Bitcoin

MicroStrategy, a business intelligence company known for its large investments in Bitcoin, is planning to raise $700 million through the MicroStrategy convertible senior notes to fund more Bitcoin purchases and manage its debt. CEO Michael Saylor announced that MicroStrategy will use $500 million from the offering to repay senior secured

September 17, 2024 1 min read

Crypto Market Goes into Uncertainty Mode As Bitcoin Recedes to $58K

The overall crypto market entered a slump over the weekend, after prices fell yet another time this month. Amid increased volatility, prices have been struggling to sustain bullish movements in the past few months. This has resulted in fluctuating market sentiments and an uncertainty among investors.  Notably, leading cryptocurrency, Bitcoin

September 16, 2024 2 mins read

Is Bitcoin Bull Run on the Horizon as BTC Retraces to $60K?

The crypto community rejoiced at a full-fledged price recovery in the last 24 hours. After a prolonged price slump over the past few weeks, leading cryptocurrencies retraced to their previous trading levels. Bitcoin returned to the spotlight as prices reached $60K in the Asian early morning hours of September 14. 

September 14, 2024 2 mins read

US Spot Bitcoin ETFs See $39 Million Net Inflows on Thursday

On Thursday, after recording negative flows the previous day, spot bitcoin exchange-traded funds in the US experienced daily net inflows of $39.02 million. Ark and 21Shares’ ARKB had the most net inflows yesterday, with $18.34 million flowing into the fund, according to SoSoValue statistics. Net inflows to Fidelity’s FBTC were

September 13, 2024 1 min read

MicroStrategy Expands Bitcoin Holdings with $1.11 Billion Purchase

MicroStrategy Inc. (NASDAQ: MSTR), a leading business intelligence and software firm, has significantly bolstered its Bitcoin portfolio with the acquisition of approximately 18,300 BTC. Between August 6 and September 12, 2024, the company invested $1.11 billion at an average price of $60,408 per Bitcoin, including fees and expenses. The purchase

September 13, 2024 1 min read

Coinbase cbBTC Nears $100M Market Cap Since Its Launch

Coinbase’s newly launched wrapped Bitcoin product, cbBTC, has quickly gained traction, amassing a market capitalization of nearly $100 million within its first 24 hours. According to Dune Analytics, cbBTC’s circulating supply stands at 1,720 tokens, valued at $99.8 million. Of this, 43% is held on Base, Coinbase’s layer-2 network, while

September 13, 2024 1 min read