Bitcoin began June on a dull note, entering the bearish zone and dropping below $67.5K. However, over the past 24 hours, it has shown signs of a slow recovery. The lowest and highest prices today ranged between $67,315.53 and $68,743.08. Currently, Bitcoin is trading at $68,688.70, reflecting a 1.43% price
Bitcoin (BTC), the leading cryptocurrency by market cap, hit close to its all-time high last month, fluctuating between $58,000 and $71,000. Currently trading at $67,668, BTC is struggling to break past the $68,000 mark amid a recent decline. In the past 24 hours, BTC prices have dropped by 1.05%, with
With a net inflow of $48.71 million, U.S. spot bitcoin exchange-traded funds have now recorded 13 days of net inflows. Two bitcoin funds, one from Fidelity and the other from Ark Invest and 21Shares, had large movements yesterday. SoSoValue data shows that FBTC (Fidelity) led net inflows of $119 million
Patrick McHenry, a Republican senator from the United States, has pushed the Senate to approve a landmark bill regulating cryptocurrency before the November presidential election. On May 22, with 71 Democrats and 208 Republicans in support, the Financial Innovation and Technology for the 21st Century Act (FIT21) was approved by
Bitcoin (BTC) has showcased significant market fluctuations recently, reflecting mixed sentiment, among investors. Today Bitcoin’s price movements were influenced by the anticipation surrounding macroeconomic data and the impact of the Bitcoin Spot ETF. After briefly surpassing $70,501 on May 27, Bitcoin faced substantial support and dropped 5% in 2 days
The overall crypto sector, after the recent price recovery, has begun showing resistance to maintaining the bullish run. Bitcoin market price, in the past 24 hours has taken a bearish turn with prices sliding closer to $67K. The leading cryptocurrency hit market prices close to its all-time high of $73,750
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
