Fri, September 25

Bitcoin Bulls Under Pressure Amid Substantial BTC Transfers

Bitcoin has shown robust performance following a prolonged bearish phase, reaching a 25-day high of $64,994 recently, surpassing the $64,000 resistance level. Notably, earlier this month, it hit a five-month low of $53,485. Currently, Bitcoin is trading at $63,746.55, marking a 1.8% increase over the past 24 hours, accompanied by

July 16, 2024 1 min read

Metaplanet Continues Buying Spree with $1.26M Worth Bitcoin

For a total investment of almost $1.26 million, Japanese company Metaplanet extended its Bitcoin buying binge, purchasing an extra 21.88 BTC. Coincident with this news, the price of Bitcoin jumped 4.5% on Monday, bringing it near to $65,000. Metaplanet has been gradually increasing its Bitcoin holdings over the last two

July 16, 2024 1 min read

BlackRock CEO Larry Fink Endorses Bitcoin Amid Economic Uncertainty

In light of the current economic uncertainty in many countries, BlackRock CEO Larry Fink has gushed over Bitcoin (BTC) as an investment opportunity. A further bright spot in the global market, according to the CEO, is expansion in the private sector. After trading below $60,000, the crypto market recovered, and

July 15, 2024 2 mins read

Genesis Trading Sells Off 600 Bitcoins Amid Bankruptcy Proceedings

Genesis Trading is now dealing with bankruptcy and is continuing to sell off large amounts of Bitcoin. Analysts and investors are taking notice of the company’s decision to send 600 Bitcoin (BTC) to Coinbase, which is worth about $37.72 million. A substantial 600 Bitcoin (BTC)—worth over $37.72 million—was reportedly sent

July 15, 2024 2 mins read

CDK Global Pays $25 Million in Bitcoin Post Ransomware Attack

An assault on CDK Global’s software interrupted operations last month, impacting some 15,000 car dealerships in the United States. Around 387 Bitcoin worth around $25M was received on June 21 by an address associated with BlackSuit, according to ZachXBT. After then, the funds went to a number of centralized exchanges.

July 15, 2024 2 mins read

Donald Trump’s Assassination Attempt Fuels Bitcoin to $63,000

Bitcoin’s (BTC) price has extended its upward momentum, hitting the $63,000 mark on Monday. This rise comes against a backdrop of heightened market activity and dramatic news, including a failed assassination attempt on former President Donald Trump, which added to the market’s surge. Over the past day, Bitcoin’s price has

July 15, 2024 2 mins read

Bullish Streak for US Spot Bitcoin ETFs Continues with $78.93M Net Inflow

The bullish streak for the U.S spot bitcoin exchange-traded funds (ETFs) reached five days on Thursday, with a total daily net inflow of $78.93 million. SoSoValue data shows that the biggest net inflows of the day were $72.09 million into BlackRock’s IBIT, the biggest spot bitcoin ETF by net asset

July 12, 2024 1 min read

Will the German Government’s 90% Bitcoin Sell-Off Affect BTC Price?

The German government’s Bitcoin holdings have seen a drastic 90% reduction, with Bitcoin (BTC) falling to break the $60,000 zone twice in 48 hours. This substantial sell-off has led to heightened market volatility and investor concern. In January, the German authorities seized a substantial stash of Bitcoin, totaling 49,860 BTC,

July 12, 2024 2 mins read

US Spot Bitcoin ETFs Register Net Inflows, Extending 4-Day Streak

On Wednesday, the U.S. spot bitcoin exchange-traded funds (ETFs) had a net inflow of $147.37 million, continuing a streak of four days of positive fund flows. SoSoValue statistics shows that Fidelity’s FBTC received $57.79 million on Wednesday. Up next was Franklin Templeton’s ETF, which raised $31.66 million, its highest funding

July 11, 2024 1 min read