Net withdrawals of $211.15 million were recorded by U.S. spot bitcoin exchange-traded funds on Thursday, marking their seven-day streak of negative flows. SoSoValue data shows that out of all the spot bitcoin ETFs, Fidelity’s FBTC had the most outflow, totaling $149.49 million. Bitwise’s BITB then had a net loss of
There have been increasing demands for Bitcoin prices below $50,000. As the market continues to see selling pressure on the cryptocurrency. Nevertheless, Bitcoin whales persist in amassing BTC with each price decline. The whales seem to be feeling confident in the days leading up to Friday’s publication of US employment
Since the beginning of September, Bitcoin (BTC) has failed to flaunt vital price movements. Analysts hint that this might be one of the worst-performing months for Bitcoin based on its historical performance. BTC has faced difficulty maintaining a rally above the $58,000 mark. The current market volatility has kept Bitcoin
Analysts claim that since the “merge” to proof-of-stake on the Ethereum blockchain occurred about two years ago, Ether’s performance has lagged behind bitcoin’s by a margin of up to 44%. Almost two years have passed since Ethereum’s upgrade, The Merge, which transitioned to a proof-of-stake network, and next week will
Travala.com, a crypto-native travel platform, has announced an integration with the major global travel marketplace Skyscanner. The whole inventory of 2,200,000+ hotels from Travala.com, all of which can be booked using more than 100 cryptocurrencies, is now fully discoverable on Skyscanner’s platforms. As the first cryptocurrency-native platform to be linked with Skyscanner,
Bitcoin price movement has drawn significant attention from traders over the past month, with many anticipating a recovery. However, the cryptocurrency has struggled to break through the $60,000 resistance zone. Since the start of September, Bitcoin price fluctuations have remained between $55,500 to $58,000. In the past 24 hours, BTC
Tuesday was the latest day of negative flows for U.S. spot bitcoin exchange-traded funds. On Tuesday, the 12 spot bitcoin ETFs had net withdrawals of $287.78 million. The most negative flows since May 1, according to data from SosoValue. The biggest bitcoin exchange-traded fund (ETF) by net assets, IBIT, which
Bitcoin perpetual futures have been signaling growing market pessimism, as funding rates for these contracts have remained persistently below neutral. This trend indicates a bearish sentiment among traders and reflects a broader cautious outlook on Bitcoin’s price movements. Recent insights from K33 Research underscore that these low funding rates suggest
Zürich Cantonal Bank, the fourth-largest bank in Switzerland, has officially entered the cryptocurrency market. According to the announcement on September 4, ZKB is allowing its clients and third-party banks to trade and store cryptocurrencies like Bitcoin and Ethereum. Further, the bank’s offerings are integrated with its existing digital platforms, ZKB
We are happy to inform that TestBTC may now be bridged to Flare Coston using FAssets, developed by Flare Labs. The following functionalities are now available to users at https://fasset-beta.flarelabs.org: With the addition of FBTC compatibility to Bifrost Wallet, TestBTC holders may now participate easily. The most recent asset added to the
