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 […]
Bitcoin Price Falls By 5% As Grayscale’s BTC Outflows Hit $400M Bitcoin‘s recent rally has hit a roadblock, with the cryptocurrency falling below $69,000 per coin today. While it has since recovered to above $70,000, it remains below its all-time high of $73,700 reached yesterday. The dip is attributed to a combination of factors, including […]
In less than two months of existence, the BlackRock iShares Bitcoin ETF (IBIT) has accumulated more bitcoin {{BTC}} than MicroStrategy (MSTR). According to the fund’s latest disclosure, IBIT held 195,985 bitcoin on Friday after another day of significant inflows. Meanwhile, the most recent public statements from MicroStrategy show the company as of Feb. 26 held […]
MicroStrategy Inc., led by Chairman Michael Saylor, has been buying more Bitcoin since 2020. Most recently, it bought an additional 3,000 Bitcoin for $155.4 million in February. Accumulating Bitcoin has proven to be a successful investment strategy, allowing the company to see nearly $5 billion in unrealized gains. This is a huge amount of money, […]
Bitcoin’s price rally has shaken out leveraged bearish bets. Analysts said the cryptocurrency is a new bull market and poised to rally ahead of the impending mining reward halving. Leveraged bets against bitcoin (BTC) lost over $150 million in the past 24 hours as prices rallied 10% for the biggest daily gain since October, spurring […]
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The new spot bitcoin ETFs, excluding Grayscale’s GBTC, now hold more bitcoin than MicroStrategy. “Concentration of coins held by these entities is not a risk to the Bitcoin Network,” said one analyst. This excludes GBTC, which had been an operating fund long before it converted into an ETF. The recently launched spot bitcoin ETFs, excluding […]
ARK Invest Sells Bitcoin Futures ETF, Buys $65M Worth of its Own Spot BTC ETF ARK Invest, the investment firm led by Cathie Wood, has made significant adjustments to its cryptocurrency portfolio in recent weeks, selling shares of the Bitcoin Futures ETF, ProShares Bitcoin Trust ETF (BITO). Since January 19, ARK Invest has sold a […]
Bitcoin [BTC] mining stocks have underperformed in recent weeks, but any weakness in the near term represents a potential buying opportunity, broker Bernstein said in a research report on Monday, The mining stocks are facing two headwinds following the approval of spot bitcoin exchange-traded funds (ETFs). First is “lower investor appetite to use them as […]
On Jan. 10, the U.S. Securities and Exchange Commission (SEC) approved the market’s first 11 Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs). Unlike previous “Bitcoin ETFs,” which were pinned only to future contracts or held shares of Bitcoin-related companies, these new funds directly hold Bitcoins. Over the long term, these ETFs should closely track the spot […]