Wed, November 20

US Spot Bitcoin ETFs See $288M Net Outflows Amid Market Selloff

Tuesday was the latest day of negative flows for U.S. spot bitcoin exchange-traded funds. On Tuesday, the 12 spot bitcoin ETFs had net withdrawals of $287.78 million. The most negative flows since May 1, according to data from SosoValue. The biggest bitcoin exchange-traded fund (ETF) by net assets, IBIT, which

September 4, 2024 1 min read

Cantor Fitzgerald CEO Says TradFi Wants BTC Amid Regulatory Hesitations

Howard Lutnick, the CEO of Cantor Fitzgerald predicts that traditional finance (TradFi) companies want to transact in bitcoin as a new asset. But they are hesitating to take further steps because of all the existing requirements of U.S. regulators.  Lutnick on his official X post stated, “Bitcoin has been an

September 4, 2024 2 mins read

Bitcoin Perpetual Futures Signal Growing Market Pessimism

Bitcoin perpetual futures have been signaling growing market pessimism, as funding rates for these contracts have remained persistently below neutral. This trend indicates a bearish sentiment among traders and reflects a broader cautious outlook on Bitcoin’s price movements. Recent insights from K33 Research underscore that these low funding rates suggest

September 4, 2024 2 mins read

Swiss Bank Zurich Cantonal Launches Bitcoin and Ethereum Trading

Zürich Cantonal Bank, the fourth-largest bank in Switzerland, has officially entered the cryptocurrency market. According to the announcement on September 4, ZKB is allowing its clients and third-party banks to trade and store cryptocurrencies like Bitcoin and Ethereum.  Further, the bank’s offerings are integrated with its existing digital platforms, ZKB

September 4, 2024 1 min read

Bitcoin Miner’s Struggle Soars as BTC Hashrate Hits Record High

On September 1, 2024, the hashrate of the Bitcoin network, which is the total computing power used to secure the Bitcoin network, hit a new record high of more than 742 exahashes per second (EH/s). As expected given the ongoing trend toward application-specific integrated circuits (ASICs) and other forms of

September 4, 2024 2 mins read

Bitcoin Miners Face Revenue Drop in August Amid Rising Difficulty

August saw a decline in the amount of BTC produced, leading to the lowest revenue-generating month for Bitcoin miners since September 2023. Bitbo data reveals that miners’ income reached $827.56 million in August, an increase of 5% from August 2023, but a decrease of almost 10.5% from July’s $927.35 million.

September 2, 2024 1 min read

Bitcoin Price Plunges to $57K Causing Uncertainty in the Market

The crypto market turned bearish yet again over the weekend with the largest cryptocurrency showing significant price dips. Bitcoin’s price dip has rendered uncertainty in the market with altcoins showing volatility and turning bearish. As prices have raised a tumult there has been a lull in activity within the crypto

September 2, 2024 2 mins read

Michael Saylor Reveals Bitcoin’s Success Formula Amid Price Decline

In the days after a market meltdown, Bitcoin’s price has been steadily declining. Bitcoin has lost about 8% this week and is trading at $58.18K as of this writing. In light of this, many have questioned Bitcoin’s development potential and wondered how the cryptocurrency has managed to accomplish so much

September 2, 2024 2 mins read

U.S Spot Bitcoin ETFs See $94 Million Net Outflow in August

U.S spot bitcoin exchange-traded funds (ETFs) had a negative month in August, with a total net outflow of around $94 million, despite an eight-day bullish streak. But according to SoSoValue statistics, that amount is well within the range of a single good or terrible day. While spot bitcoin ETFs lost

September 1, 2024 1 min read

Bitcoin Whales Resurface Ahead of Key Events in September

After a sharp 10% drop from $65,000 earlier this week, Bitcoin has found solid support around $58,000. As a result, the Bitcoin whales have resurfaced and are actively purchasing Bitcoin as it drops in price. Santiment reports that, with many important crypto events about to take place in September, the

August 31, 2024 2 mins read