United States-based spot Bitcoin exchange-traded funds are now responsible for a significant share of daily spot trading as institutional investors have continued to warm up to crypto. “Bitcoin spot trading volumes through US-based ETFs have become a significant source of investor exposure to Bitcoin,” said Julio Moreno, head of research at blockchain analytics firm CryptoQuant,…
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Spot Ether exchange-traded funds are selling like hot cakes in the US, attracting more than ten times the inflows of their spot Bitcoin counterparts over the past five trading days. Since last Thursday, spot Ether ETFs have seen a whopping $1.83 billion in inflows, while Bitcoin funds took only a tenth of that with $171…
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Bitcoin’s market cycles are not anchored around its halving events as widely believed, according to analyst James Check, who says other factors drive bull and bear cycles. “In my opinion, Bitcoin has experienced three cycles, and they are not anchored around the halvings,” Check said on Wednesday, referring to the blockchain’s cutting of mining rewards…
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Shares in the Healthcare company KindlyMD dropped on Tuesday after it announced a $5 billion at-the-market equity offering program to raise funds to expand its Bitcoin holdings. The healthcare services company, which recently merged with Nakamoto Holdings and adopted a Bitcoin (BTC) treasury strategy, said on Tuesday that it filed with the Securities and Exchange…
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Around 200,000 traders have been liquidated to the tune of more than $900 million over the past 24 hours as Bitcoin fell to a seven-week low — decimating its gains after the Federal Reserve chair signaled interest rate cuts at Jackson Hole last week. The majority of liquidations were long positions, according to CoinGlass, which…
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Crypto market sentiment has returned to neutral as markets showed signs of recovery on Thursday following a brief dip into the “fear” zone when Bitcoin fell to $112,000 a day earlier. However, analysts have been quick to warn that more volatility lies ahead. Bitcoin (BTC) fell to $112,350 on Coinbase in late trading on Wednesday,…
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Retail crypto traders have seemingly flipped bearish after Bitcoin failed to pick itself up from a recent dip below $113,000, clocking a 17-day low. “Retail traders have done a complete 180 after Bitcoin failed to rally and dipped below $113,000,” said analysts at blockchain analytics firm Santiment on Wednesday. Santiment also reported that the past…
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Harvard economist Kenneth Rogoff, who once predicted Bitcoin would sooner crash to $100 before it hits $100,000, has admitted a lot has changed since his comments seven years ago — though he seemingly still hasn’t come around to Bitcoin. “Almost a decade ago, I was the Harvard economist that said Bitcoin was more likely to…
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Illinois Governor JB Pritzker took a swipe at US President Donald Trump for allowing “crypto bros” to guide policy as he signed two new bills to regulate crypto in the state on Monday. “While the Trump Administration is letting crypto bros write federal policy, Illinois is implementing common-sense protections for investors and consumers,” said Governor…
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Bitcoin has reached a new all-time high, and its next move will either be a surge into new price discovery or a halt to make way for the oncoming altcoin season, says Bitcoin pioneer Samson Mow. Bitcoin (BTC) prices reached $124,500 on Coinbase in early trading on Thursday, according to TradingView. The move has added…
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