MicroStrategy’s Bitcoin holdings have been surpassed by BlackRock’s spot Bitcoin exchange-traded fund (ETF). As of March 8, around 40 trading sessions after the approval of nine new funds by the U.S SEC on January 10, data collected by BitMEX Research indicates that BlackRock’s IBIT possesses 197,943 Bitcoin, with a value
On Saturday afternoon, Bill Ackman, founder and CEO of Pershing Square Capital Management, diverted part of his focus to Bitcoin, playfully speculating that the price of the greatest cryptocurrency in the world may go far higher than anybody could have predicted. Ackman in a post on twitter stated: “Bitcoin price
The newly issued U.S. spot bitcoin ETFs got off to a flying start after their January debut. According to statistics, the crypto-based financial instruments reached a new important milestone on Friday, surpassing $100 billion in total trading volume. A month passed before the new products’ combined trading volume surpassed $50
In the run-up to the pivotal halving, Bitcoin miners had hoped for a rapid mining rate. Bitcoin miners have reportedly hit a new monthly energy consumption peak, according to a Bloomberg article. Bitcoin prices have remained high and skyrocketed due to the supply shock and the simultaneous increase in the
The price of Bitcoin (BTC) has skyrocketed to a new All-Time High (ATH) of $70,000, marking a first for the cryptocurrency in over 14-year of existence. The price of Bitcoin (BTC) witnessed massive bullish momentum today, and breached slightly above $70,000. Since the new year began, the value of BTC
With the emergence of Bitcoin (BTC) as a valuable asset, crypto-friendly travel service Travala.com is introducing a BTC cashback scheme to reward its premium customers. Those who reached the Smart Diamond level of the loyalty reward program run by the AVA Foundation’s blockchain platform may take advantage of Travala’s new incentive
In Drumheller, Alberta, Canada, Bitcoin miner Hut 8 has decided to shut down operations owing to power outages and soaring energy prices. The notification made on March 6 states that the Drumheller mining plant, which accounts for only 1.4% of Hut 8’s Bitcoin (BTC) but uses around 11% of its
Bitcoin, the leading cryptocurrency by market cap, surged to a new all-time high of $69,170, marking its first record peak in over two years. The jubilation was short-lived, as BTC experienced a sharp decline, dropping to a 6-day low of $59,323. This volatility led to a 7% decrease in the
Very soon after reaching an all-time high (ATH) of $69,170, Bitcoin is already seeing a dramatic decline in its price. Up until recently, the Bitcoin price has maintained a steady upward trajectory this week. BTC’s price has fallen 7.48% in its most dramatic and sudden drop since the beginning of
Bitcoin (BTC) surged close to its all-time high, rallying nearly 8.5% to trade above $68,750 as of 7:25 a.m. IST on Tuesday. This marked the second consecutive day of gains for the cryptocurrency, driven by the anticipation of robust demand for exchange-traded funds (ETFs) at the beginning of the week.
