El Salvador’s president, Nayib Bukele, and ARK Invest CEO, Cathie Wood, are working together to investigate how Bitcoin (BTC) may improve El Salvador’s financial markets and encourage innovation in technology. Joining forces like this might help El Salvador attract investors from across the world and boost its economy as it
The spot Bitcoin ETF IBIT, run by BlackRock, has surpassed Grayscale’s GBTC to become the biggest Bitcoin fund, marking a significant milestone in the industry. On May 28, the BlackRock Bitcoin ETF had inflows of above $100 million, signaling a flippening. At the time of writing, bitcoin is trading at
Bitcoin exchange-traded funds (ETFs) worldwide have exceeded 1 million BTC under management, nearly 5% of the largest cryptocurrency’s circulating supply. This signals bullish institutional interest, and mainstream adoption of Bitcoin as an investment asset. Global Bitcoin ETFs and its BTC AUM (Source: The Bold) Signaling a major shift in the
In a significant development, wallets associated with the defunct cryptocurrency exchange Mt. Gox have transferred a substantial amount of Bitcoin. Data from Arkham Intelligence reveals that approximately 43,000 Bitcoin, valued at $3 billion, were moved on May 28. This marks the first such transfer in five years and signals a
Bitcoin has experienced a slight dip of 0.82% in the last 24 hours, accompanied by a notable 32% surge in trading volume. However, zooming out to a monthly perspective reveals a more optimistic picture, witnessing a 9% surge. Just a week ago, it reached a 5-week high, touching $71,958. In
Bitcoin (BTC) witnessed a significant ‘bull versus bear’ momentum throughout May, fluctuating within the $62,000-$70,000 range. Over the past 30 days, this largest cryptocurrency by market cap surged over 13%. As of late May, BTC teased a brief bullish rally to near its all-time high (ATH) while facing multiple hurdles.
Marathon Digital, a prominent Bitcoin miner, has teamed up with the Kenyan Ministry of Energy and Petroleum (MOEP) to further expand the renewable energy industry in the nation, which is currently booming. The main goals of the collaboration are to build essential energy infrastructure, share ideas for policies and investments,
Bitcoin has experienced significant volatility over the past 24 hours, decreasing by 3.35%. After peaking at $70,041.27, the price eventually fell to $66,356.95. Three days ago, Bitcoin hit a monthly high of $71,979, but the bulls couldn’t maintain the momentum. Despite this, Bitcoin is up 2.30% over the past week,
Bitcoin (BTC) remained relatively stable early Thursday, with little change in price around $69,500. The lack of a clear direction comes ahead of the U.S. Securities and Exchange Commission’s (SEC) decision on VanEck’s spot ether ETF application, expected later in the day. BTC had previously faced resistance above the $71,500
The crypto market has shown optimistic performances this week. Bitcoin, Ethereum and other Altcoins have shown upward trends in market price. With the Bitcoin Pizza day celebrated today, the leading cryptocurrency’s prices dipped down to the $69K mark. BTC witnessed a price recovery that snowballed to new monthly highs in
