Bitcoin {{BTC}} fell back towards $60,000 on Wednesday, after a wallet tagged to the U.S. Government moved about $240 million worth of seized BTC to a Coinbase Prime address, igniting concerns among traders that the digital assets will likely to be sold. Some 3,940 bitcoin originally seized from a Silk Road vendor was moved by […]
Long-term bitcoin holders and miners have been significant sellers of the cryptocurrency in the past two weeks with little indication of renewed buying interest. This trend has been observed through a decrease in UTXO age bands, indicating increased selling activity. Some opine miners are shifting their focus to the booming AI sector due to the […]
$209 million worth of BTC transfers from miners to exchanges coincided with a move from $70,000 to $66,000. Marathon Digital has sold 1,400 bitcoin worth $98 million since the start of June. OTC volume also spiked to a two-month high. Transfers from bitcoin {{BTC}} mining pools to exchanges reached a two-month high this week as […]
Options trading desks saw heavy buying activity for BTC calls with June expiry. BTC “ready to squeeze higher” with some $1.5 billion worth of shorts concentrated around the $72,000 that can be liquidated, Matrixport noted. Bitcoin {{BTC}} options traders are increasingly positioning for the asset to hit fresh record prices this month, market data suggests. […]
U.S.-listed spot bitcoin ETFs saw over $880 million in inflows on Tuesday, led by Fidelity’s FBTC. Bitcoin rose over $71,000 in Asian trading hours, adding 3% in the past 24 hours, with the CoinDesk 20 index rising 2.65%. U.S.-listed spot bitcoin {{BTC}} exchange-traded funds (ETF) saw over $880 million in inflows on Tuesday led by […]
Here’s How Much Just $100 In Bitcoin Will Be Worth If Cathie Wood’s BTC Prediction Is Correct Founded in 2014, ARK Invest has rapidly become one of the largest asset management firms globally. Led by Cathie Wood, the company offers a variety of investment products and services, focusing heavily on innovation and technology. In early […]
Over 140,000 BTC, worth around $9 billion, were transferred from Mt. Gox wallets to an unknown address in thirteen transactions, possibly as part of a plan to repay creditors by October 31, 2024. The market reacted bearishly to these movements, with Bitcoin dropping by 1.4% to as low as $67,680 after reaching a high of […]
Bitcoin ETFs Now Hold 1 Million BTC in Custody, Worth $70.5 Billion Bitcoin exchange-traded funds (ETFs) have reached a significant milestone, with over 1 million BTC now held in custody by these investment vehicles designed to track the price performance of the cryptocurrency. According to data shared by Michael Saylor, the executive chairman of MicroStrategy, […]
Bitcoin Millionaires Revealed: How Many Investors Hold $1 Million Or More In BTC? One of the more interesting data points to look at for any asset is the distribution of holders. The distribution can play a large part in the trading dynamics of the asset as well as broader market sentiment. Additionally, because blockchain technology […]
Here’s How Much $1,000 In Bitcoin Will Be Worth If Cathie Wood’s BTC Prediction Is Correct Ark Invest, led by CEO Cathie Wood, has quickly grown into one of the largest asset managers in the world since launching in 2014. The firm emphasizes investing in technology, offering a variety of exchange-traded funds (ETFs) centered around […]
The dollar value of the mean onchain transfers on the Bitcoin blockchain remain well below the 2021 peak, data tracked by Glassnode show. That’s a sign of investors holding on to their coin stash in anticipation of higher prices, analysts at Blockware Solutions said. Bitcoin’s {{BTC}} price recently rose to new record highs above $70,000. […]
Bitcoin has had a phenomenal start to 2024, recording new all-time highs and exceeding the expectations of investors around the world. But the price run has slowed significantly, and Bitcoin is down over 10% in the past week, dipping below the $63,000 level. What does this mean for Bitcoin going forward? Take a look. For […]