Since the introduction of spot exchange-traded funds (ETFs) in the U.S, approximately $10 billion worth of Bitcoin has deserted cryptocurrency exchanges. Glassnode, an on-chain monitoring company, reports that exchanges have witnessed outflows of more than 136,000 BTC since January 11th. Due to large withdrawals from exchanges this quarter, the supply
After abandoning Gold, his beloved asset, for the first time, Bitcoin detractor Peter Schiff has found a new adversary for BTC. Hardline crypto critic Peter Schiff confirmed that the Truth Social SPAC (DWAC), an official business trading under the ticker DJT, founded by former US President Donald Trump, is a
The cryptocurrency market is growing rapidly and has soared over the 2 trillion market cap range. This comes from investors’ endless quest for profit opportunities in every corner of the market. We have seen new coins rise with so much potential, such as Floki, Wen, Pepe Coin and Bitgert. However,
Bitcoin (BTC) accumulation is showing resurgence and has caused the supply of Bitcoin on crypto exchange Coinbase to hit a nine-year low and recapture the $70,000 threshold. On March 25, Bitcoin reached its highest point since March 15 as it recovered the $70,000 level, according to statistics from CoinMarketCap. In
Applications to list cryptocurrency products, such as Bitcoin and Ethereum Exchange Traded Notes (ETNs), will soon be accepted by the London Stock Exchange (LSE). According to the statement made earlier on Monday by the trading giant, trade is expected to begin in the second quarter of this year. When the
Despite recent favorable movements in the crypto market, Bitcoin (BTC) investors encountered hurdles as the leading cryptocurrency struggled to breach the key resistance level of $68,000. However, following a brief dip to $61,164 on March 20th, Bitcoin managed to recover, maintaining a position above the $66,000 to $67,300 range. Bitcoin’s
This past week, Bitcoin’s inherent volatility was on full display, thrusting it back into the spotlight. With all the ups and downs, Bitcoin’s price dropped 9% in the last week. At the time of writing, it is trading at $65,472. Despite Bitcoin’s slight recovery this week, the biggest cryptocurrency by
Bitcoin has once again taken center stage, showcasing its characteristic volatility over the past week. Amidst fluctuations, Bitcoin experienced a notable 9% decrease in price within seven days, settling at its current trading value of $66,873.57. A significant development accompanying this price movement is the observed decline in trading volume,
Bitcoin (BTC) has displayed a notable downturn, succumbing to pressures as it dropped by a significant 7% today, March 20. This downward spiral marks the second consecutive day of outflows for Bitcoin ETFs, with $326 million exiting the market, more than doubling the previous day’s figures. The BTC price decline
Bit Digital, a Bitcoin mining company, has reported profits of $44.9 million for 2023, an increase of 39% compared to 2022. According to Bit Digital, their earnings for 2023 were 1,507.3 BTC, up 21% from the previous year. At the current market pricing, the mining firm’s stated quantity of Bitcoin
