Monday saw the biggest net inflow of $526.7 million for BlackRock’s IBIT, the biggest spot bitcoin exchange-traded fund by net asset value, since March 13. Net inflows of $533.57 million were recorded by ten U.S spot bitcoin ETFs yesterday, with the exception of Bitwise’s BITB, as reported by SoSoValue. Following
Bitcoin bulls have had a tumultuous week, breaking the $65,000 resistance after nearly a month and reaching a 41-day high of $68,474 yesterday. This peak came just hours before US regulators approved spot Ethereum exchange-traded funds, a move expected to impact the market positively. However, Bitcoin has declined 1.46% in
Investors are keeping a careful eye on Bitcoin’s performance as it separates from conventional markets, thanks to its recent price spike. As the United States approaches its forthcoming crypto-focused election, the crypto asset seems to have broken free from the S&P 500 and is creating quite a stir. The recent
According to the most recent data from CoinShares, global crypto investment products at asset managers saw net inflows of $1.35 billion last week, marking the third consecutive week of positive activity. As optimistic sentiment persists, the run increases the total net inflows since July 1st to $3.2 billion, according to
This week began on a bullish note, as Bitcoin (BTC) price maintained its price momentum above $65K. In the past 24 hours, the largest crypto went over $68K, with a spike of 0.52%. Notably, this optimistic momentum comes along with the happenings within the US political scene. The unexpected announcement
Japanese investment firm Metaplanet purchased an additional 20.381 BTC, worth 200 million yen (approximately $1.4 million) on Monday. With this recent purchase, the firm has achieved the goal of purchasing 1 billion yen worth of Bitcoin (BTC). The company acquired Bitcoin at an average price of 9,813,061 yen per BTC.
Despite the market volatility and the disappointing CrowdStrike failure, the Bitcoin (BTC) mining hashrate has stayed relatively unchanged. This hashrate really saw a significant uptick, which happened to coincide with the current uptick in the price of Bitcoin. The current Bitcoin mining difficulty is estimated at 82.05 trillion, according to
The crypto market is currently calm, building anticipation for the next bull run. Bitcoin remains a cornerstone, while altcoins present attractive entry points for investors. Prices are already inching up, suggesting they could explode at any moment. It is a ripe moment for those looking to make a significant return,
The first cryptocurrency regulatory framework in South Korea is currently up and operational. Prioritized in the wake of the catastrophic 2022 crypto market crashes at Terra-Luna and FTX, the new regulations aim to provide investor protections. After receiving formal approval on July 18, 2023, the Virtual Asset User Protection Act
The cryptocurrency market has experienced significant volatility since the beginning of July, with a recent downturn following a short-lived recovery. In the past week, several altcoins that had previously hit yearly lows managed to reach monthly highs, breaking through long-awaited resistance levels. Notably, Bitcoin (BTC) surged to a 27-day high
