Bitcoin miner capitulation gauges are getting close to the market bottom after the FTX crisis in late 2022, suggesting a potential bottom for BTC, according to market intelligence company CryptoQuant. As a means of survival or “earn yield or hedge their Bitcoin exposure,” some miners may cut down on operations
Inflows into spot Bitcoin ETFs have rebounded sharply following the July 4 holiday, reversing the outflows seen earlier in the week. This recovery coincides with the Bitcoin price drop below $54,000 on Independence Day. The recent inflows into spot Bitcoin ETFs despite the panic selling in the market show that
Today, the global cryptocurrency market is displaying a resurgence, with Bitcoin rebounding from a recent dip of $53,489 to surpass the $56,000 mark. At the time of writing, Bitcoin’s price is trading at $56,650, marking a 3.87% increase in the past 24 hours. This recovery follows significant inflows of $143.1
Bitcoin, the leading cryptocurrency, has continued to show a downtrend for the last month. BTC hit its four-month low, declining 8.55% to $53,485. The noted decline and selling pressure are paralleled with the defunct crypto exchange Mt. Gox’s Bitcoin repayments to its creditors. Mt. Gox wallets actively moved 47,229 BTC
U.S Spot Bitcoin ETFs again are seeing withdrawals, with the most recent reaching $35 million, after a short period of inflows. Lookonchain, a blockchain analytics platform, disclosed today that Grayscale (GBTC) withdrawals were $30.7M. The investment asset management organization now has 274,734 units of Bitcoin ($15.76 billion), after this $30.7
Today, Mt. Gox initiated small transfer tests at 12:21 UTC+8, involving transactions such as sending 0.0001 BTC to Bitbank’s hot wallet and 0.0001862 BTC to unmarked addresses. These activities highlighted the anticipated distribution of 140,000 BTC and 143,000 Bitcoin Cash (BCH) by Mt. Gox, scheduled between July and October. Concerns
The crypto market’s window opened on an anxious note, sliding back to a valuation of $2.13 trillion. With a dip of 4.76%, Bitcoin (BTC) plunged to a two-month low of $57.2K. The fall has caused the altcoins herd to perform at its lowest. Notably, the largest altcoin Ethereum (ETH) fell
The Bitcoin mining firm CleanSpark achieved a 6.7 percent rise in Bitcoin output in June, surpassing its mid-year hashrate objective of 20 EH/s. The U.S miner had 6,591 Bitcoins (BTC) as of June 30th, which is more than $4 billion at current pricing. It only sold 8 of the 445
Bitcoin, the leading cryptocurrency, showed further price declines in the last 24 hours. The token has experienced several bearish price movements in June, after its bullish trends in the previous months. The leading digital asset’s persisting price dips have caused concern in the market. Notably, over the last 24 hours,
The 11 U.S spot bitcoin ETFs had a net withdrawal of $13.62 million on Tuesday, marking a return to negative flows after five consecutive days of inflows. According to SosoValue statistics, GBTC (Grayscale) witnessed outflow of $32.38 million and BITB (Bitwise) shed $6.76 million. In contrast, $14.12 million came into
