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
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
The mining wallets of the largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) have been through a consistent decline in the asset holdings since the mid-2024. However, a slight recovery in prices indicates that miners might increase their collective assets. According to the analytics firm Santiment, this drop in supply is
Bitcoin’s price performance has remained under pressure for the past few months. The largest asset’s crucial challenge is to break free from its narrow trading range of $50K to $60K. The ongoing market volatility blocks Bitcoin from making an upward movement. Over the past 24 hours, the asset has plunged
The data from the United States Bureau of Labor Statistics, released on Thursday, show that the US PPI inflation increased 0.2% in August. This aligns with the Dow Jones consensus estimate teased before the readings came out. This important inflationary gauge comes amid increasing speculations in anticipation of a rate
Market debates have been sparked by the investigation into the hiring procedures of US SEC Chair Gary Gensler. There are worries about the agency’s neutrality in recruiting methods. Since the probe, which was initiated by the House Republicans, suggests that it may be violating federal law by perhaps considering political
El Salvador has made headlines once again in the cryptocurrency world by consistently adding one Bitcoin to its national reserves every day for the past 665 days, regardless of market conditions. This accumulation strategy has brought the government’s Bitcoin holdings to 5,871 BTC, currently valued at approximately $342 million. 🇸🇻
A federal judge in the United States has dismissed a class-action lawsuit against Atomic Wallet, an Estonian-based crypto firm. Philip Brimmer, a judge in the Colorado district court, agreed, concluding there were insufficient grounds for the U.S. court to handle the case. Following a $100 million hack in June 2023,
September has historically been a challenging month for both U.S. stocks and cryptocurrencies, and this year is no different for Bitcoin. The leading cryptocurrency has recently faced a tough time, with its value fluctuating significantly from $58K to $55K. Bitcoin initially dropped below the $57K mark on September 2. Although
The FBI’s Internet Crime Complaint Center (IC3) has revealed a sharp rise in cryptocurrency-related fraud. Americans lost $5.6 billion in 2023—a 45% increase from the previous year. The IC3’s annual report recorded over 69,000 complaints, underscoring the growing exploitation of digital currencies in various scams. Investment fraud was the most
