In recent months, the cryptocurrency market has witnessed an unprecedented surge in both investment and speculation, with derivatives trading reaching remarkable highs. Bitcoin, the leading digital asset, has once again taken the spotlight as its futures open interest surpassed $10 billion for the first time since July 2022. This surge
According to the most recent data from CoinShares, crypto funds managed by asset managers including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares had record inflows of $2.45 billion worldwide last week. The new U.S. spot Bitcoin ETFs have been the most successful so far this year, bringing in $5.2 billion
Coinbase Global (COIN), the Nasdaq-listed cryptocurrency exchange, saw one of its largest institutional supporters, ARK Invest, sell about $90 million worth of its shares on Friday. This happened after the exchange posted strong fourth-quarter earnings that led to several analyst upgrades. Coinbase shares surged nearly 27% to $180.31 last week,
Bitcoin futures have seen a significant increase in open interest on centralized exchanges, reaching a new high for the year and indicating a strong market activity and sentiment around the largest cryptocurrency. The aggregated open interest for Bitcoin futures on centralized exchanges reached $22.9 billion. This is the highest level
Even if many think there’s space for further outflow, crypto asset manager Grayscale has seen a decrease in outflows from its spot Bitcoin ETF. Research from Bianco Research and Farside shows that as of February 16th, the total amount of money that has been pulled out of the Grayscale Bitcoin
In the midst of a bullish surge in the global cryptocurrency market, investors are eagerly eyeing potential altcoins for substantial gains. Bitcoin’s price has soared above $52,300, fueled by the excitement surrounding Bitcoin ETFs and the impending BTC halving, promising a significant rally in the market. Here’s a list of
In an era where global markets are increasingly susceptible to fluctuations due to geopolitical tensions and economic uncertainties, the concept of hedging a portfolio has never been more relevant. With the shadow of trade wars looming and political unrest unsettling Europe, the investment landscape is fraught with potential volatility. For
Today, Bitcoin’s (BTC) price is attempting a fresh surge above the $52,000 resistance mark, showing a 1.82% increase to trade at $52,295, with a market cap exceeding $1.02 trillion. This surge comes after Bitcoin rallied above $52,900 last week, marking its highest point in 26 months. Currently, BTC trading between
Crypto-related VC funding increased to $1.9 billion in the fourth quarter of 2023, a 2.5% rise from the previous quarter. This is the first time since March 2022 crypto-related VC funding has increased. This increased interest in crypto funding is due to the launch of the first spot Bitcoin ETFs
The approval of Bitcoin ETFs has caused them to gain a great deal of interest. When compared to other recently introduced ETFs, Blackrock’s performance stands head and shoulders above the competition, with the most assets under management and net inflows. Market players are now expecting bigger inflows this year due
