Browsing:BTC

This Bitcoin whale moves $6 billion in BTC
8 hours ago 1 min read

This Bitcoin whale moves $6 billion in BTC

A Bitcoin whale has transferred more than $6 billion worth of BTC to three newly created addresses, arousing interest among the crypto community. The transaction, first reported by the blockchain research site Arkham Intelligence, consisted of $5.03 billion worth of BTC being sent to one address (bc1q8yj), followed by $561.46 million and $488.40 million for the other two addresses (bc1q6m5 and bc1q592). The wallet responsible for transferring the $6 billion worth of BTC was ranked as the sixth wealthiest Bitcoin address, with over 94,500 BTC. The transaction did not involve exchanging funds between wallets that are connected to each other,

Bitcoin (BTC) next stop is $80,000?
11 hours ago 1 min read

Bitcoin (BTC) next stop is $80,000?

With the approaching Bitcoin halving in April 2024, the crypto market is actively engaging in talks about the future direction of Bitcoin’s price. Crypto researcher Michaël van de Poppe forecasts a substantial increase in Bitcoin’s price, ranging from $75,000 to $80,000, leading up to the event. This forecast is derived from the ongoing consolidation phase of Bitcoin, suggesting a gradual accumulation up to a test of its previous peak, followed by a possible decline. The Bitcoin halving, set to take place in April 2024, is a significant event that has a historical impact on the market dynamics of Bitcoin. The

MicroStrategy adds $623M in Bitcoin
1 week ago 1 min read

MicroStrategy now holds 1% of Bitcoin after adding $623M in BTC

MicroStrategy’s Bitcoin holdings have grown to 214,246 after the company purchased 9,245 BTC for $623 million. The company purchased Bitcoin at an average price of $67,382 apiece, with the acquisition being financed by convertible notes and additional cash. Following the US SEC’s approval of eleven Spot Bitcoin exchange-traded futures (ETFs) in 2024, the value of Bitcoin surged to over $73,500, setting a new record. Additionally, MicroStrategy now own over 214,000 Bitcoins with an average investment cost of $35,160 per Bitcoin. The dedication of MicroStrategy to Bitcoin is unwavering, even if the value of Bitcoin has dropped significantly this week. Meanwhile,

Bitcoin's price has experienced a significant correction
2 weeks ago 1 min read

Over $700 million of short and long positions get liquidated as Bitcoin fell below $67,000

Bitcoin’s price has experienced a significant correction, trading below $67,000, a 8.9% drop in the last 24 hours. This has led to massive liquidations, with over $700 million long positions being liquidated. According to Coinglass, over $530 million in longs and $140 million in short positions have been liquidated, with $220 million in BTC longs being liquidated. Most liquidations occurred on Binance and OKX exchanges, with $248 million and $236 million respectively. Ethereum, the second-largest crypto in market cap, also dropped below $3,700, down 10% in the last 24 hours. The total net inflow of Bitcoin spot ETFs on March

Bitcoin (BTC) reached a new high of $73,709
2 weeks ago 1 min read

Bitcoin surges above $73,700 mark, reaching another high

Bitcoin (BTC) reached a new high of over $73,700, marking its fourth high in six days, driven by increased investments in US-based exchange-traded funds (ETFs) associated with the digital currency. The total net inflow into BTC spot ETFs reached an unprecedented $1.06 billion on March 12. Blackrock’s IBIT product amassed a record $849 million inflow. This renewed enthusiasm for crypto has boosted other digital currencies, with Ethereum seeing over 3.5% increase to around $4,080 and a 75% rise since the start of the year. Moreover, the Ethereum blockchain ecosystem is set to become more accessible with a significant software update

BlackRock (IBIT) surpasses MicroStrategy in Bitcoin holdings
3 weeks ago 1 min read

BlackRock (IBIT) surpasses MicroStrategy in Bitcoin (BTC) holdings

BlackRock’s iShares Bitcoin Trust (IBIT) has seen a significant increase in its holdings, surpassing MicroStrategy’s Bitcoin (BTC) holdings by nearly 40 days. This week was the third-best week for IBIT, with 31,588 BTC added to BlackRock’s iShares Bitcoin Trust holdings. As a result, this puts the trust above MicroStrategy in Bitcoin’s rich list, which currently holds 193,000 BTC after its last purchase on February 26. Furthermore, MicroStrategy acquired its 193,000 BTC at an average price of $31,554, costing Michael Saylor’s company $6.09 billion. In addition, the formalization of BTC ETFs makes traditional finance more competitive in navigating the leading crypto’s

Bitcoin (BTC) has reached its all-time high
3 weeks ago 1 min read

Bitcoin soars past $70K: Will BTC hit $75K soon?

Bitcoin (BTC) has reached its all-time high, reaching $70,000, demonstrating market strength and gaining the attention of mainstream media and financial professionals. Scarcity, investment, and expectation are key reasons driving this spike. Over-the-Counter (OTC) trading desks are witnessing Bitcoin shortages, indicating rising demand for the digital commodity. The drop in BTC reserves stored on exchanges implies that investors are increasingly preferring to store assets in private wallets or safe storage options. Furthermore, exchange-Traded Funds (ETFs) are increasing buying pressure by acquiring an average of 4,000 Bitcoins every day, offering a regulated and accessible way for a larger spectrum of investors

Bitcoin exchange-traded funds (ETFs) witnessed a trading volume that broke all previous records
3 weeks ago 1 min read

Bitcoin ETFs trading volume soars but face a setback, hinting at market volatility

Last week, Bitcoin exchange-traded funds (ETFs) witnessed a trading volume that broke all previous records, which resulted in large investment flows. On the other hand, a decline took place at the end of the week, showing that net investments in a group of ten funds based in the United States turned negative. Although Grayscale Investments’ fund had significant withdrawals, BlackRock’s iShares Bitcoin ETF (IBIT) received approximately $203 million in investments. However, Grayscale Investments’ fund experienced a net withdrawal of $140 million. Although this was the case, the overall weekly influx continued to be strong, reaching almost $1.7 billion, making it

El Salvador's Bitcoin (BTC) holdings exceed $60 million amid recent price surge
4 weeks ago 1 min read

El Salvador’s Bitcoin (BTC) holdings exceed $60 million amid recent price surge

El Salvador has capitalized on Bitcoin’s (BTC) recent price surge, surpassing the $64,000 mark with 2,848 Bitcoin in possession. In 2021, El Salvador became the first country to legalize Bitcoin as legal tender. In November 2022, the crypto crash led to significant speculation regarding the country’s financial stability. Following this, El Salvador suffered a $60 million loss. But now, reports say that El Salvador BTC holdings exceeds the $60 million as a result of Bitcoin surge. Nayib Bukele, the president of El Salvador, declared himself a champion of Bitcoin, garnering significant popularity both domestically and within the global crypto industry.

The market value of Bitcoin (BTC) had risen to $1.2 trillion
4 weeks ago 1 min read

Bitcoin (BTC) Surges Above $61,000 as Bull Rally Continues

On February 28 2024, the market value of Bitcoin (BTC) had risen to $1.2 trillion, up 6.5% in the last 24 hours, and the price had soared above $61,000. This comes as the combined trading volumes of almost $3 billion propelled the price increase on Tuesday, and several traders pointed to the bitcoin halving event as a fresh narrative that caused a rally before the halves. Since the early hours , over $40 million worth of future bets on lower Bitcoin prices have been liquidated, which could have contributed to the price increase. Since then major tokens such as XRP,

Bitcoin ETFs see over $570M boost
4 weeks ago 1 min read

Bitcoin ETFs see over $570M boost, marking a surge in crypto investment confidence

The crypto market is experiencing a significant surge in investment, particularly in Bitcoin Exchange-Traded Funds (ETFs). BitMEX exchange data shows that these ETFs secured over $570 million in new investments, marking the third-highest day for investments. Moreover, this influx amounts to around 10,168 BTC, indicating the growing trust and interest in crypto among investors. Furthermore, the trend continues to gain momentum, with investments rising by about $55 million from one day to the next. Note that BlackRock’s IBIT ETF saw an influx of $520 million in just one day, boosting its total investments to $6.5 billion. On the other hand,

4 weeks ago 1 min read

Crypto markets sees over $150 billion inflow as Bitcoin price soars above $57K

Bitcoin’s (BTC) price soared over $57,000 following several days of trading aimlessly between $51,000 and $52,000, hitting to a 26-month high. The last time the largest crypto by market cap hit $57,000 was in November 2021 when the price hit an all-time high of around $69,000. Bitcoin jump also triggered surge in alternative coins. Cryptos like Solana (SOL) and Bitcoin Cash (BCH), also saw huge rises, with SOL surpassing $110 and BCH reaching $300. Despite a quiet 7-day period last week, BTC’s bull run restarted on Monday afternoon, with the price surging to over $53,500. It is noteworthy that Bitcoin