Bitcoin

The recent decline in Bitcoin’s price has had a negative impact on the spot Bitcoin ETF market, as reported by analytics firm BitMEX Research. Over the last four trading sessions, these BTC ETFs have experienced negative netflows. This decline has been particularly noticeable in Grayscale’s GBTC outflows and the record low inflows for other ETFs
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As Bitcoin approached the highly anticipated Halving event, analysts at JPMorgan sounded a note of caution. They pointed to the recent net outflows from Spot Bitcoin ETFs as an indicator of bearish sentiment in the market. Led by Nikolaos Nikolaos Panigirtzoglou, the strategists highlighted the sustained open interest in CME Bitcoin futures as another worrying
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Recently, the cryptocurrency market witnessed a surge in Bitcoin’s value, with the coin reclaiming the $67,000 mark. This unexpected spike led to a wave of liquidations, totaling nearly $300 million, catching many traders off guard. Data from Coinglass revealed that within a 24-hour period, approximately 86,047 traders suffered losses exceeding $250 million. Major exchanges like
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Bitcoin, the flagship cryptocurrency, has been showing signs of a bullish trend in the market, fueled by certain fundamental factors. Despite recent price declines, data from the on-chain analysis platform CryptoQuant reveals a significant drop in the supply of Bitcoin on exchanges over the past 4 years. This decreasing supply indicates that most investors are
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The Government Pension Investment Fund (GPIF) of Japan, known as the world’s largest pension fund, has made headlines with its recent announcement to explore diversification opportunities that include Bitcoin. This move is a significant departure from its traditional investment strategy, which typically focuses on conservative asset classes. The fund, which boasts assets totaling $1.5 trillion,
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The recent price movement of Bitcoin has been a cause for concern among crypto enthusiasts and investors alike. Ever since reaching an all-time high of $73,000, Bitcoin has been on a downward trajectory, leading to a wave of speculations regarding the future direction of the digital asset. The general sentiment in the market is one
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Bitcoin has been a topic of hot debate among investors and analysts alike, with many making bold predictions about its future price movements. Analysts from private wealth management firm, Bernstein, have recently reaffirmed their previous Bitcoin prediction, emphasizing that the cryptocurrency has a greater chance to reach $150,000 by 2025. Gautam Chhugani and Mahika Sapra,
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MicroStrategy, an American business intelligence and software development company, has recently made headlines with its ambitious plans to acquire even more Bitcoin. The company announced its intention to raise $500 million in convertible debt offerings to purchase additional BTC, following a previous sale of $800 million in convertible debt offerings. This move comes as no
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The recent surge in Bitcoin’s price has coincided with a significant increase in interest and adoption of spot Bitcoin Exchange-Traded Funds (ETFs). According to Matt Hougan, Chief Investment Officer of Bitwise Asset Management, approximately $20 billion has flowed into the market since the launch of 10 new spot Bitcoin ETFs in mid-January. This influx of
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In a groundbreaking achievement, Bitcoin has once again made headlines by surpassing the $71,000 mark, solidifying its position as the digital equivalent of gold. This milestone comes as Bitcoin’s market capitalization surpasses that of silver, further establishing its dominance in the digital currency space. The rapid rise in Bitcoin’s value has been a consistent trend
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Bitcoin, the famed cryptocurrency asset, has recently broken through a new price ceiling, surpassing its previous all-time high of $69,000, achieved nearly three years ago. This significant milestone has ignited a surge of optimism among crypto enthusiasts and experts alike, who are now predicting further upward momentum for the digital currency in the coming months.
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The surge in Bitcoin transaction fees has taken the market by storm, doubling in just one week as the market rallies towards the coveted $70,000 mark. While the upward trajectory of Bitcoin’s price is a contributing factor, the sudden rise in Ordinals transactions has played a significant role in this unprecedented surge. Ordinals transactions, which
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The recent surge in Bitcoin’s price to over $71,000 has been fueled by a combination of factors that have instilled confidence in investors and triggered a wave of buying across the cryptocurrency market. One significant factor contributing to this rally is the announcement made by the London Stock Exchange (LSE) to accept applications for the
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Bitcoin has recently made headlines by surpassing the $70,000 mark, marking a significant milestone for the cryptocurrency market. The surge in price has sparked renewed interest and enthusiasm among investors, with many attributing the climb to the introduction of spot bitcoin exchange-traded funds (ETFs) in the United States. This surge demonstrates the growing confidence in
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Bitcoin recently reached a new all-time high (ATH) of over $70,000, sparking excitement among investors and analysts alike. However, despite this impressive milestone, crypto analyst Michaël van de Poppe believes that there is still room for significant upside potential. In a recent X post, he mentioned that Bitcoin is “heavily undervalued” and that the value
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