Bitcoin Magazine

02 Feb 2024 09:06

💰 Whales and institutions lead the charge in Bitcoin’s exchange volume surge

Bitcoin's price movements often stir the market, but what happened when it briefly dipped below $40,000 and then climbed back to $42,000 was somewhat unprecedented. Most would anticipate a surge in retail trading; however, the reality of the situation, as revealed by Glassnode's data, was more nuanced.

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Bitcoin Magazine

01 Feb 2024 09:25

💰 Cboe Exchange Withdraws Its Global X Bitcoin ETF Application

Cboe BZX Exchange has decided to withdraw its application for a proposed rule change with the United States Securities and Exchange Commission (SEC), a move that could have paved the exchange’s way for listing shares of Global X’s spot Bitcoin Exchange-Traded Fund (ETF). The SEC, in a notice on January 30, officially announced the withdrawal of Cboe BZX’s application for trading shares of the Global X Bitcoin Trust.

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Bitcoin Magazine

31 Jan 2024 09:29

💰 GBTC Holdings Dip Below 500K BTC as Rivals Ramp up Accumulation

The latest data from Grayscale’s GBTC reveals that the trust’s bitcoin holdings have diminished to below 500,000, following a departure of 6,138.79 bitcoin from its reserves in the past day. Conversely, Blackrock’s IBIT has bolstered its bitcoin assets by 4,603.24 bitcoin, valued at $199 million.

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Bitcoin Magazine

30 Jan 2024 07:29

🇭🇰 Harvest Fund Management Hong Kong submits an application for a spot 💰 Bitcoin ETF, according to Tencent News

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Bitcoin Magazine

29 Jan 2024 07:06

NEW: 💰 Investors appear to have completed the majority of their profit-taking from $GBTC, and this could ease the downward pressure on the price of Bitcoin in the coming period, per JP Morgan

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Bitcoin Magazine

28 Jan 2024 09:50

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Bitcoin Magazine

27 Jan 2024 19:44

JUST IN: 🇺🇸 Top 5 spot Bitcoin ETFs total volume 📊

Grayscale: $12.6 billion
BlackRock: $4.8 billion
Fidelity: $4.2 billion
ARK 21Shares: $1.3 billion
Bitwise: $702 million

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Bitcoin Magazine

26 Jan 2024 16:45

💰 BlackRock’s Bitcoin ETF crosses $2 billion in inflows, with Fidelity close behind

Grayscale GBTC, despite experiencing the lowest outflow since Day 1 at $394 million, continues to exhibit a consistent outflow trend, according to BitMEX research. This trend is in sharp contrast to BlackRock’s IBIT Bitcoin ETF, which saw inflows jump to $170 million, a marked increase from the Jan. 24 inflow of $66 million. This surge solidifies BlackRock’s position, pushing their total inflow over the $2 billion threshold, a first among ETF providers, according to BitMEX research.

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Bitcoin Magazine

25 Jan 2024 17:01

💰 Bitcoin miner balances hit 18-month low amid wallet reorganization signals

Quick Take In an intriguing turn of events, the total Bitcoin supply held in miner addresses has dipped to a level not observed since August 2021. Miner balances hold approximately 1.187 million Bitcoin, marking a significant departure of 15k BTC since Oct. 2023. These changes, however, do not necessarily indicate that miners are offloading.

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Bitcoin Magazine

25 Jan 2024 07:29

JUST IN: 💰 Bitwise becomes the first Bitcoin ETF issuer to publish the address of their Bitcoin holdings 🙌

🔎 You can verify they holdings by searching the following address in a Block Explorer:

1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM

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Bitcoin Magazine

24 Jan 2024 16:20

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Bitcoin Magazine

24 Jan 2024 07:05

💰 Invesco & WisdomTree Ignite Europe’s Bitcoin ETF Fees Battle

In a strategic move responding to the recent approval of Spot Bitcoin ETFs in the U.S., financial giants Invesco and WisdomTree have initiated a fee-slashing competition on their European-listed Bitcoin exchange-traded products (ETPs). This development marks a significant shift in the dynamics of the cryptocurrency market, triggering a race to attract investors with more affordable offerings. In addition, this move has also sparked a battle for supremacy, with both companies gearing up to navigate the evolving landscape.

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Bitcoin Magazine

23 Jan 2024 14:48

💰 The Game is over for bulls, $39k support has been lost.

The support level at the CME Gap has now become a resistance level.

Bitcoin has fallen below the 100-day EMA, The next target is the 200-day EMA.

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Bitcoin Magazine

23 Jan 2024 07:01

💰 Bitcoin price falls below $40,000, retracing all gains made since multiple ETFs were approved

The price of bitcoin declined on Monday to levels not seen since early December, falling below $40,000 amid ongoing focus on outflows from Grayscale's spot ETF. The largest digital asset by market capitalization has declined over 5% in the past 24 hours and is was changing hands for $39,505 at 2:42 p.m. ET, according to The Block data. The global cryptocurrency market cap fell by 4.8% on Monday to a value of $1.64 trillion.

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Bitcoin Magazine

22 Jan 2024 11:45

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Bitcoin Magazine

01 Feb 2024 18:23

💰 Bitcoin ETFs currently hold over 3% of Bitcoin's supply

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Bitcoin Magazine

31 Jan 2024 18:37

💰 Whale entities withdraw 100,000 BTC from exchanges in two weeks

The Bitcoin landscape has witnessed a compelling shift over the past two weeks, with whale entities, defined as network clusters holding at least 1,000 BTC, consistently withdrawing more from exchanges than depositing. As per the data collated from Glassnode, approximately 100,000 BTC have been withdrawn, marking a scarcely seen trend sustained for 14 uninterrupted days.

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Bitcoin Magazine

30 Jan 2024 17:15

🇩🇪 German Police Seize $2.1B Worth of 💰 Bitcoin in Piracy Sting

Police in Germany have provisionally seized 50,000 bitcoin (BTC) worth $2.17 billion, calling the action its largest cryptocurrency seizure ever, according to a police statement. The claim is related the operation of a piracy website in 2013 that violated the Copyright Act. Proceeds of that venture were then converted to bitcoin. One of the two suspects voluntarily transferred the bitcoin to the Federal Criminal Police Office (BKA), the statement said.

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Bitcoin Magazine

29 Jan 2024 17:58

💰 Charles Schwab Corporation, a financial giant with assets totaling $8.5 trillion, has adopted a seemingly cautious approach towards digital assets, prompting analysts to speculate on potential missed opportunities in a rapidly evolving market.

The company’s decision not to launch its own proprietary spot Bitcoin Exchange-Traded Funds (ETFs) despite the recent Bitcoin ETF approval by the Securities and Exchange Commission (SEC), has raised eyebrows in the financial community.

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Bitcoin Magazine

28 Jan 2024 19:25

NEW: 🇭🇰 Spot Bitcoin ETF expected to launch in Hong Kong in first half of 2024, per HashKey CEO Livio Weng

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Bitcoin Magazine

28 Jan 2024 06:36

💰 Analysts Suggest Financial Giant Charles Schwab Poised to Shake Up Bitcoin ETF Market With Potential Late Entry

In the wake of a noteworthy 11-day period during which U.S.-centered spot bitcoin exchange-traded funds (ETFs) amassed a trading volume totaling $25.36 billion, discussions have emerged about the potential involvement of Charles Schwab, the American multinational financial services corporation. Eric Balchunas, Bloomberg’s lead ETF analyst, advises, “don’t sleep on Schwab, they’re never first to market in anything but they make back impact when they come in.”

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Bitcoin Magazine

27 Jan 2024 09:00

💰 Bitcoin price rises back above $42,000, causing spike in short liquidations

The price of bitcoin increased back above the $42,000 mark on Friday to a level not seen in more than a week. The price action caused the liquidation of almost $96 million of cryptocurrency short positions, according to Coinglass data. In the past 24 hours, liquidated bitcoin leveraged positions spiked to over $41 million, with over $37 million of these being shorts.

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Bitcoin Magazine

26 Jan 2024 05:45

💰 Former Bitmex Chief Expects Bitcoin to Bottom Out Between $30,000 and $35,000

Former Bitmex CEO Arthur Hayes has predicted that bitcoin will find a support level between $30,000 and $35,000. He contends that the ongoing bitcoin selloff is not due to outflows from Grayscale’s bitcoin trust (GBTC). “That argument is bogus,” he claimed, adding that bitcoin’s price movement is “anticipating the Bank Term Funding Program (BTFP) will not be renewed.”

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Bitcoin Magazine

25 Jan 2024 14:25

WATCH: 📊 Race visualization shows how the 💰 Bitcoin ETFs have accumulated 100k+ $BTC in just over a week 📈

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Bitcoin Magazine

24 Jan 2024 16:25

💰 Bitcoin ETFs see minor net outflows of $100 million as BlackRock acquires 4,080 more Bitcoin

Bitcoin ETFs in the U.S. saw inflows of around $409 million yesterday as BlackRock recorded a purchase of roughly $160 million Bitcoin by adding a further 4,080 coins to its balance. Data shared by Bloomberg analyst James Seyffart last night, Jan. 23, revealed $515 million in outflows for Grayscale with $249 million inflow from the other Newborn Nine ETFs. Given the now-released BlackRock data, this confirms that Jan. 23 was a net outflow day for Bitcoin ETFs of around $100 million.

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Bitcoin Magazine

24 Jan 2024 13:20

NEW: Strike CEO tells Yahoo Finance "Jamie Dimon was Jeffery Epstein's banker" after JP Morgan CEO bashes 💰Bitcoin 👀

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Bitcoin Magazine

23 Jan 2024 18:40

🪙 Bitcoin falls 20% from YTH high with further 5% daily drawdown in cascading liquidation event 📉

Recently, Bitcoin’s price broke below the $39,000 threshold, marking a noteworthy 20% reduction from its yearly high of $49,000. This event signified one of the most significant drawdowns in the current cycle, illustrating the inherent turbulence of this asset class. Historical data shows during bull market corrections, drawdowns can reach as much as 30%, emphasizing the significant risk and reward ratio in digital asset investments.

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Bitcoin Magazine

23 Jan 2024 10:08

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Bitcoin Magazine

22 Jan 2024 17:55

💰 BitMEX’s Arthur Hayes Predicts Bitcoin (BTC) Price Dump Below $40,000

BitMEX co-founder Arthur Hayes in a new Bitcoin price prediction on Monday said “I think we break $40k”. The change in sentiment comes following a long-term bearish prediction of $5000 for Ethereum (ETH) and $200 for Solana (SOL), as well as in response to the upcoming US Treasury quarterly refunding announcement.

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Bitcoin Magazine

22 Jan 2024 05:25

💰 Bitcoin Hash-Rate Hits an All-Time High

The Bitcoin network has recorded an all-time high hash rate exceeding 500 exahashes per second. This growth signals a robust increase in the computational power securing the blockchain. Essentially, the hash rate measures the processing power committed to Bitcoin’s network, indicating the number of complex calculations the system can perform per second.

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