Bitcoin whales amassed 20,600 BTC worth around $1.38 billion, on June 11, capitalizing on the Bitcoin price fall. Blockchain analytics company CryptoQuant reports that this was the biggest influx of capital for Bitcoin whales since February 28, when spot Bitcoin ETFs were less than six weeks old and BTC was
On Wednesday, a total of $100.9 million was poured into the eleven U.S. spot bitcoin exchange-traded funds, returning them to a net inflow position. On Monday and Tuesday, investors pulled their money out of the exchange-traded funds (ETFs), breaking a record 19-day inflow run. SosoValue data shows that on Wednesday,
Today, Bitcoin (BTC) surged by 4%, propelling its price from $67,700 to $69,506, following the release of the U.S. Consumer Price Index (CPI) data, which showed a lower-than-expected inflation rate of 3.3% for May. This comes amidst anticipation over the Federal Reserve’s decisions on interest rate cuts. The highly anticipated
The Bitcoin ETFs have reported two days of outflows following 19 days of inflows, indicating that the price of Bitcoin is experiencing heavy selling pressure this week. U.S. bitcoin exchange-traded funds had a net outflow of $200 million on June 11th. However, the volume of Bitcoin exchange-traded funds (ETFs) has
As the price of cryptocurrencies plummeted and liquidations increased, Bitcoin miners made the largest sell of reserves since late March 2024. Bitcoin miners’ stance on holding or selling reserves influences market patterns. There has been a severe ongoing downtrend in the cryptocurrency market, as a number of assets have taken
Monday marked the end of the longest inflow run of 19 days for the 11 U.S. spot bitcoin exchange-traded funds, as a daily net outflow of $64.93 million was recorded. With $40 million in outflows this week, Grayscale’s GBTC was far and away the biggest loser. According to statistics from
Bitcoin has encountered a tumultuous ride in recent days, grappling with a formidable bearish onslaught since the weekend. With BTC hitting a nine-day low of approximately 67,212, just hours ago, its current valuation stands at $67,417, marking a 2.83% decline. Despite the downward spiral, trading volume has surged by 2.87%.
Metaplanet, a Japanese investment firm, has expanded its Bitcoin holdings by a substantial amount. This bold step demonstrates the firm’s increasing faith in Bitcoin’s value and mirrors the general trend of institutional investors pouring more money into the crypto market. Moreover, Metaplanet, dubbed “Asia’s MicroStrategy,” had its stock price soar
In the first week of June, spot Bitcoin ETFs in the US purchased the equivalent of over two months’ worth of BTC’s mining supply. According to statistics from HODL15Capital, the 11 ETFs had inflows of almost $1.83 billion during the trading week of June 3–7, purchasing 25,729 Bitcoin — about
Bitcoin has achieved its second-highest weekly close ever, with massive ETF inflows emerging as a major bullish catalyst amidst being stuck in a bearish trap. On June 7, the Bitcoin price surged to $71,833, its highest price since May 21. However, it failed to reach the $72,000 resistance level due
