After reporting a weekly outflow of $580 million last week, U.S. spot bitcoin exchange-traded funds (ETFs) continued net outflows on Monday. According to statistics from SoSoValue, the 11 bitcoin ETFs had a net outflow of $145.83 million on Monday. With Fidelity’s FBTC leading the way with a loss of $92
Bitcoin (BTC), the largest cryptocurrency by market cap, has observed a decline in its active address count, as per the data from Glassnode. Usually, a decline in the active addresses is found during a surge in the Bitcoin transaction fees. Moreover, the network activity of Bitcoin has reached its lowest
The cryptocurrency market is experiencing significant turbulence as altcoins face a sharp downturn while Bitcoin remains relatively stable. Despite Bitcoin trading below $66K, altcoins have suffered substantial losses, erasing gains from the March rally. The Market sentiment remains bearish, with calls for near altcoin season dwindling. Several factors contribute to
Bitcoin’s recent consolidation has been both a worrying and strategic period for the whales. There have been significant, huge moments from whales in recent months, with Bitcoin consolidating between $65K and $69K. Alluding to it, on June 12, a Bitcoin whale transferred 8,000 Bitcoin (BTC) from a Coinbase cold storage
After becoming a validator on Fetch.ai’s decentralized blockchain, Deutsche Telekom set its sights on expanding Web3. In continuation with its current crypto-based initiatives, Deutsche Telekom has declared its intention to begin Bitcoin mining. Since 2023, the telecom company has operated Bitcoin nodes, and they are now running Bitcoin Lightning Network
Drawing on the wisdom of his best-selling book “Rich Dad, Poor Dad,” famous financial educator and author Robert Kiyosaki urged his audience to re-evaluate Bitcoin’s perceived worth by stressing that the cryptocurrency is now cheap. In an effort to encourage more people to buy and invest in Bitcoin, Kiyosaki attacked
On June 14, the U.S Spot Bitcoin ETF saw a large outflow of about $200 million, marking a bleak trading week overall. The largest outflow was $80.1 million from Fidelity’s FBTC Bitcoin ETF, followed by $52.3 million from Grayscale’s GBTC. An influential expert has spoken out about the possible consequences
Australia and other major markets such as the United States and Hong Kong are embracing Bitcoin ETFs as an investment option. Along the line, the Australian Securities Exchange Ltd. (ASX), has officially approved the first spot Bitcoin exchange-traded fund. It will begin trading on June 20. Fund issuers like Van
The Governor of the USA state, Oklahoma signed a crypto bill that exempts Bitcoin miners from electricity sales tax. This bill is the state’s step toward advancing self-governance in the cryptocurrency sector. Notably, the signing has made Oklahoma the first state in the nation to advance in crypto and bitcoin
Trezor, a hardware cryptocurrency wallet, launched three products, namely, Trezor Safe 5, the Bitcoin-only version, and Trezor Expert onboarding service, on June 14. Trezor CEO Matej Zak announced this at BTC Prague 2024, the largest Bitcoin event in Europe. The products are designed to promote self-custody among digital asset holders
