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
On Wednesday, a total of $53.35 million daily net inflow was recorded into the eleven U.S. spot bitcoin exchange-traded funds, bringing the positive run to nine days. Having said that, Tuesday’s net inflows of $422 million were far higher. SoSoValue data shows that BlackRock’s IBIT had the day’s greatest net
Bitcoin (BTC), the leading cryptocurrency, is marginally between the bearish and bullish zones. It is trading above $64K, declining at 0.61% in the last 24 hours. Following the price dip, the global crypto market dropped by 1.06%, returning to $2.37 trillion. Bitcoin’s price action might be backed by speculation about
Tuesday had the biggest daily net inflow of $422.67 million for the eleven U.S. spot bitcoin exchange-traded funds since June 5. As a result, their run of good flow was prolonged to eight days. SoSoValue data shows that BlackRock’s IBIT saw the highest net inflows since June 6th, at $260.23
Arthur Hayes, a co-founder of BitMEX, has made an important announcement about Maelstrom, his early-stage investment fund. Hayes announced the launch of the company’s first Bitcoin developer grant program in a post on X today, July 17. There has been a flurry of activity in the sector as a whole
The largest cryptocurrency, Bitcoin, has been the community’s prime focus in the past two months, due to its price activity. With external factors taking a toll on Bitcoin, prices showed significant plunges and volatility. The drop in BTC price led to a considerable crypto market crash at the beginning of
Strong investment into Bitcoin exchange-traded funds (ETFs) in the United States helped propel Bitcoin’s price to $65,000 at the start of the third week of July. More than $300 million poured into BTC exchange-traded funds (ETFs) on Monday. A positive aspect that may indicate reduced long-term volatility for Bitcoin is
Bitcoin has shown robust performance following a prolonged bearish phase, reaching a 25-day high of $64,994 recently, surpassing the $64,000 resistance level. Notably, earlier this month, it hit a five-month low of $53,485. Currently, Bitcoin is trading at $63,746.55, marking a 1.8% increase over the past 24 hours, accompanied by
For a total investment of almost $1.26 million, Japanese company Metaplanet extended its Bitcoin buying binge, purchasing an extra 21.88 BTC. Coincident with this news, the price of Bitcoin jumped 4.5% on Monday, bringing it near to $65,000. Metaplanet has been gradually increasing its Bitcoin holdings over the last two
In light of the current economic uncertainty in many countries, BlackRock CEO Larry Fink has gushed over Bitcoin (BTC) as an investment opportunity. A further bright spot in the global market, according to the CEO, is expansion in the private sector. After trading below $60,000, the crypto market recovered, and
