Bitcoin has encountered a tumultuous ride in recent days, grappling with a formidable bearish onslaught since the weekend. With BTC hitting a nine-day low of approximately 67,212, just hours ago, its current valuation stands at $67,417, marking a 2.83% decline. Despite the downward spiral, trading volume has surged by 2.87%.
Metaplanet, a Japanese investment firm, has expanded its Bitcoin holdings by a substantial amount. This bold step demonstrates the firm’s increasing faith in Bitcoin’s value and mirrors the general trend of institutional investors pouring more money into the crypto market. Moreover, Metaplanet, dubbed “Asia’s MicroStrategy,” had its stock price soar
In the first week of June, spot Bitcoin ETFs in the US purchased the equivalent of over two months’ worth of BTC’s mining supply. According to statistics from HODL15Capital, the 11 ETFs had inflows of almost $1.83 billion during the trading week of June 3–7, purchasing 25,729 Bitcoin — about
Bitcoin has achieved its second-highest weekly close ever, with massive ETF inflows emerging as a major bullish catalyst amidst being stuck in a bearish trap. On June 7, the Bitcoin price surged to $71,833, its highest price since May 21. However, it failed to reach the $72,000 resistance level due
BlockDAG’s presale triumph and innovative approach are setting it apart in the crypto market. While Sei Coin shows potential for a 20% surge and Bitcoin Cash enjoys a significant rally, BlockDAG stands out with its strong influencer support and strategic roadmap. The presale has already raised over $46.9 million, attracting
Trading in the cryptocurrency market was turbulent last week, with a promising beginning quickly giving way to a bearish finish. Notably, the week got off to a great start with experts predicting that Bitcoin will achieve a new high, sending expectations rising. The mood has shifted, however, in anticipation of
The crypto bull market is “reawakening” according to Arthur Hayes, the former CEO and co-founder of BitMEX who now runs Maelstrom. This comes after interest rate cuts announced this week by the Bank of Canada and the European Central Bank. The Bank of Canada dropped interest rates by quarter of
It seems that sellers may be fleeing the market as some cryptocurrency exchanges have seen a substantial outflow of Bitcoin (BTC) from their platforms in the last few weeks. Technical expert Ali Martinez reports that during the last week, users withdrew 22,647 Bitcoin from various cryptocurrency exchanges. If this number
A number of exchange-traded fund (ETF) managers have just signed new revenue-sharing agreements with Fidelity Investments, marking a major step forward for the ETF industry. This move is part of Fidelity’s aim to strengthen its position in this competitive sector and comes at a time when investor interest in ETFs
A total of $5.7 million was frozen and recovered by the Norwegian authorities in connection with the $600 million Ronin exploit that occurred in 2022. The Ethereum sidechain Ronin was developed by Sky Mavis specifically for the play-to-earn web3 game Axie Infinity. Sky Mavis stated on X: “The Norwegian National
