After almost three years of divergence, inflation in the United Kingdom is again back on track with the BoE’s long-term goal of 2%. There was much conjecture that the Bank of England may decrease interest rates this year in response to falling UK inflation. Additionally, cryptocurrency usage in the UK
A net outflow of $152.42 million from U.S. spot bitcoin exchange-traded funds occurred on Tuesday, the fourth day in a row of such withdrawals. Consistent outflows over the last four trading sessions have caused a significant pause in the spot Bitcoin ETF market. On Tuesday, June 18, no spot Bitcoin
In the last 24 hours, the overall crypto sector has shown a decline in market cap by 2.29%. Bitcoin (BTC) has experienced a price dip, leaving altcoins to plummet in price. Bitcoin, despite drawing market attention in the past week with multiple bullish movements, shows signs of further drops. In
The biggest notable outflow since March 22 was $600 million last week from digital asset exchange-traded products and funds, according to a report dated June 17. The majority of the withdrawals came from Bitcoin investment vehicles, as stated in the most recent CoinShares “Weekly Asset Fund Flows” report. The opposite
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
