Bitcoin is trading around the $54,000 mark, showing strong market dynamics as it hovers near significant support levels. Bitcoin price declined by 4.09% in the last 24 hours. Over the last few days, BTC’s performance has indicated a mixed sentiment, with both bullish and bearish factors in play. Bitcoin’s previous
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
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
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
Crypto traders have inclined their attention towards Bitcoin in the past month anticipating for price recovery. The cryptocurrency, on the other hand, showed redundant struggles to break resistance beyond $65K. Prices have consolidated at the $59K level since August. In the last 24 hours, Bitcoin prices revisited support levels at
On September 1, 2024, the hashrate of the Bitcoin network, which is the total computing power used to secure the Bitcoin network, hit a new record high of more than 742 exahashes per second (EH/s). As expected given the ongoing trend toward application-specific integrated circuits (ASICs) and other forms of
Historically, September has been a challenging month for financial markets, including the cryptocurrency sector. Over the past decade, Bitcoin (BTC) has declined during September in 8 out of 11 years, with an average drop of around 8%. This pattern aligns with broader market trends, as September tends to be bearish
Mark T. Uyeda, a commissioner at the U.S. Securities and Exchange Commission (SEC), has called for a specialized S-1 registration form tailored to digital asset securities. Speaking during a fireside chat at the Korea Blockchain Week 2024 event in Seoul, Uyeda emphasized the need for the SEC to adopt a
Bitcoin’s price saw a notable movement today, reaching a four-day high of $59,200. This surge marks a significant turn after a downward trend that began in late August. The current price recovery raises questions about the underlying factors driving this shift and whether the momentum can be sustained. Bitcoin has
