Despite the wild swings in the cryptocurrency market, the BlackRock Bitcoin ETF (IBIT) managed to attract $358 million in new investors on Monday. Even though the price of Bitcoin dropped below $94,000 yesterday, IBIT’s dominating inflows persisted. Bitcoin fell more than 5% after rejection at $100,000 levels, causing altcoins to
Even if a pro-crypto president is about to enter office, Binance CEO Richard Teng has said that it is premature to talk about the possibility of the cryptocurrency exchange re-establishing itself in the US after its forced withdrawal a year ago. When asked on December 9 whether Binance will seek
As the crypto market reaffirms its nature of unpredictability and volatility, several astonishing on-chain activities are coming into light. While Bitcoin reached a new ATH, it didn’t take long for it to fall to the $95,000 price range. Following the suit, altcoins have also witnessed mixed price signals so far.
In the last 24 hours, the cryptocurrency market has witnessed a notable price dip due to increased liquidations. Bitcoin has slid to the $96K level and other cryptocurrencies also recorded losses. However, in the past few hours, market prices have shown signs of recovery. Other divisions of the crypto industry
Crypto investment products recorded their largest-ever weekly inflows of $3.85 billion last week, according to CoinShares. The surge surpassed the previous record of $3.12 billion set only weeks ago. Bitcoin led the inflows, attracting $2.5 billion and bringing its year-to-date (YTD) total to $36.5 billion. Short Bitcoin products saw only
The crypto world moves at the speed of light—and sometimes, even the most established players can find themselves falling behind. While TRON (TRX), with its $0.2947 price point, has long been a favorite among blockchain enthusiasts, a new player in town is turning all the heads. Enter Lightchain AI, a
The crypto bull market enthusiasm dimmed as Bitcoin returned to its $95,000 – $96,500 price range. Several altcoins such as Ethereum, XRP, Solana, BNB, Cardano, and Dogecoin have also slowed down with little to no price rises in the last 24 hours. Overall, the crypto market capitalization decreased by more
Mahe, Seychelles, 9th December 2024, Chainwire
Cryptocurrency investment products saw a record surge in inflows, with $3.85 billion invested during the week of December 2–6, 2024, according to CoinShares. This new milestone surpasses the previous record of $3.12 billion set in November when BTC was priced at $98,000. The inflows coincided with Bitcoin’s historic rise above
Among the biggest digital collectible blockchains in terms of sales, Ethereum had the best start in December for non-fungible tokens (NFTs). Continuing a rising trend that started in October, NFT data tracker CryptoSlam revealed on December 8 that digital collectibles had a weekly sales volume of over $187 million during
