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
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
Bitcoin, the world’s largest cryptocurrency, recently plummeted to a two-week low of $57,701, with its price fluctuating between $57,768 and $59,896. Over the past seven days, Bitcoin has seen a 7% decline, while its 24-hour trading volume has decreased by 9%. This downward trend has sparked concern within the crypto
Pavel Durov’s recent detention in France on charges of failing to regulate illicit material on the messaging platform Telegram has put it in the limelight. Additionally, people are taking notice of the company because of how heavily it is involved in the cryptocurrency market. The value of the company’s digital
A survey found that among countries throughout the world, Singapore has the highest rate of cryptocurrency adoption. With Hong Kong and the UAE following closely behind. Researching the current status of cryptocurrency adoption across nations, the Henley Crypto Adoption Index 2024 was published by the investment migration consulting company Henley
After legalizing Bitcoin as legal tender, Salvadoran President Nayib Bukele expressed disappointment that the country’s adoption of the cryptocurrency had not progressed as far as expected. Although he acknowledged he had not seen as many advantages as he had hoped, Bukele said in an interview with Time magazine that Bitcoin
The most influential blockchain conference in Asia, Blockchain Week 2024, is delighted to announce that Mark Karpelès, the former CEO of Mt. Gox and a pioneer in the blockchain sector since 2009, will be one of the featured speakers at its flagship event, KBW2024: IMPACT. Mark Karpelès became a founding member of
There has been a new supply low in the quantity of Bitcoin held on cryptocurrency exchanges. Which may be the impetus Bitcoin needs to reclaim the $60,000 mark. According to an analyst at CryptoQuant, on August 29, Bitcoin reserves on exchanges reached new lows for the year. Which might mean
The three-day losing skid for U.S. spot bitcoin exchange-traded funds continued on Thursday with net outflows of $71.73 million. Data from SosoValue shows that BlackRock’s IBIT, the biggest spot bitcoin ETF by net assets, had net outflows of $13.51 million, marking its first negative flows since May 1, and second
While the Bitcoin miners are facing difficulties in maintaining profitability following the April 19 halving, a solo miner has successfully processed Bitcoin block 858,978 and netted nearly $200,000. The block, processed at 4:21 PM UTC on August 29, included 2,391 transactions and yielded a reward of 3.27 BTC, valued at
