According to Morgan Stanley’s 13F filing with the US SEC, the global investment and financial services giant disclosed a sizable holding in BlackRock’s spot Bitcoin exchange-traded fund on Wednesday. In the iShares Bitcoin Trust (ticker: IBIT), Morgan Stanley revealed holding over 5.5 million shares, or $187.79 million, as of June
The US Spot ETFs over the last few months have begun to witness declining activity. While the spot Ethereum ETFs are attempting to stage a revival, the spot Bitcoin ETFs have failed to do so. Meanwhile, the two cryptocurrencies have struggled to surpass their current price levels. According to Sosovalue
Bitcoin’s price fell nearly 6.85% to $57,733 on Thursday, driven by renewed concerns over potential token distributions from the defunct Mt. Gox exchange and increased capital outflows from major exchanges. This decline came despite positive signals from U.S. inflation and interest rate data, highlighting a growing risk-off sentiment in the
Bitcoin (BTC) miners are showing an optimistic approach by expanding their operations, even with Bitcoin’s price volatility. This uptick in mining activity comes after a significant miner capitulation event, which signals a potential price bottom. Bitcoin mining solves complex puzzles, validates transactions, and secures the network, with new blocks added
Cryptocurrency has seen a spur in activity since the beginning of August. While the month mirrored July, with its significant price dip, it has persevered to reinstate a bullish market in the past few weeks. Subsequently, Bitcoin which shared most of the limelight, surpassed $59K catching market attention yet again.
Toncoin, the native coin of The Open Network (TON) and the Telegram ecosystem, is performing better than several of its counterparts. The coin has outshone Bitcoin (BTC), Ripple-associated XRP and Dogecoin (DOGE). Amidst this development, Pawfury (PAW) is emerging as a presale project that’s capturing the attention of savvy investors.
Metaplanet, a prominent player in the cryptocurrency space, has made headlines once again. On the official X page, @Metaplanet Inc. has shared the details of new Bitcoin purchases. The Japanese Public Company has acquired an additional ¥500 million worth of Bitcoins. This is after it announced its intention to acquire
Bitcoin mining firm TeraWulf’s Q2 2024 financial report disclosed a 21.4% drop in Bitcoin production, totaling 699 BTC compared to the previous year’s second quarter. Amidst the drop, TeraWulf generated $35.6 million in revenue, more than double its earnings of $15.5 million from the previous year. Moreover, the firm’s gross
The crypto sector has shown positive momentum since the beginning of this week. In the last 24 hours, the market recorded a 1.80% increase in market cap while the daily trading volume surged by 40.31%. The largest cryptocurrency, Bitcoin surpassed resistance at the $56K level and has inched closer to
The crypto market has suffered a notable price drop over the last 24 hours. Overall global crypto market cap has dropped by 4.07% to $2.05 trillion over the last day. Leading cryptocurrencies have fallen to considerable support levels, like in July. Bitcoin (BTC) and Ethereum (ETH) have fallen over 4%
