Browsing:BTC

$2B In Dormant Bitcoin Moves, Sparking Debates Among Members of the Crypto World
4 months ago 1 min read

$2B In Dormant Bitcoin Moves, Sparking Debates Among Members of the Crypto World

In a surprising turn of events, the crypto world saw the movement of $2 billion in Bitcoin, which had been dormant since 2019. This significant transfer has sparked debate among members of the cryptocurrency community, raising questions about the reasons for the sudden activity. Dormant Bitcoins, which had been untouched since 2019 and inactive since 2013, experienced a sudden revival today, just before the opening of US markets. This substantial sum, which was consolidated from 49 addresses into 5, each holding $380 million to $480 million in Bitcoin, has sparked speculation in the crypto community. The synchronized nature of Bitcoin

Bitcoin's price fell nearly 10% to $41,700
4 months ago 1 min read

Bitcoin’s price fell nearly 10% to $41,700, and the crypto space saw over $150 million in liquidations

Analysts are buzzing about the possibility of a classic “sell the news” scenario as the crypto market falls in the aftermath of the recently approved Bitcoin Spot ETFs. Bitcoin’s price fell nearly 10% to $41,700, and the crypto space saw a whopping $150 million in liquidations in the last 24 hours. Long positions totaled over $150 million. The recent approval of Bitcoin Spot ETFs set off a downward wave in the market, resulting in a cascade of liquidations. The big question now is whether this is just a short-term correction or the start of a longer-term adjustment. Anthony Scaramucci, founder

Bitcoin increased by 7.6%
4 months ago 1 min read

Bitcoin (BTC) Price Surges 7.6% to $48,517 Following US Approval of First Spot Bitcoin ETFs

In an astonishing turn of events, Bitcoin experienced a significant surge, increasing its price by 7.6% to $48,517. This surge followed the approval of the United States’ first-ever spot Bitcoin ETFs, a watershed moment in the cryptocurrency landscape. The approval sparked a frenzy of activity on popular finance platforms, with Yahoo Finance prominently displaying trending tickers like BlackRock’s IBIT and Grayscale’s GBTC. Bloomberg Intelligence analyst Eric Balchunas commented on the news, emphasizing the resilience of ETFs and sharing a chart illustrating the performance of spot Bitcoin ETFs in Europe. Balchunas expressed confidence that similar trends will emerge in the US

Bitcoin Exchange Volume Dominance Increases To 77%
4 months ago 1 min read

Bitcoin Exchange Volume Dominance Increases To 77%

Recent on-chain data shows that the percentage of Bitcoin volume occupied by exchanges has increased significantly, reaching all-time highs. This surge in exchange volume dominance, as reported by on-chain analytics firm Glassnode, has important ramifications for understanding the current state of Bitcoin activity. The percentage of total Bitcoin on-chain volume flowing through centralized exchanges is referred to as exchange volume dominance, and it serves as an indicator of user engagement in buying and selling activities. High levels of exchange volume dominance imply that BTC users are more interested in active trading on these platforms. Lower values of exchange volume dominance,

The SEC of the US has granted long-awaited approval to 11 Bitcoin Spot ETFs
4 months ago 1 min read

US SEC Approves 11 Bitcoin Spot ETFs, Set to Start Trading Soon

The Securities and Exchange Commission (SEC) of the United States has granted long-awaited approval to 11 Bitcoin Spot ETFs, marking a significant milestone in Bitcoin’s integration into mainstream finance. The official announcement was made on the SEC’s website, which is regarded as more reliable than the SEC’s X account, which falsely declared the ETF approval on December 9th. However, it’s worth noting that, at the time of writing, the link to the SEC’s ETF approval page was experiencing technical difficulties. Bloomberg analyst James Seyffart stated on his X page, “It certainly appears that the Bitcoin ETF Approval Order has hit

Traders Suffer $190M in 48 Hours Amid Fake SEC Tweet and Market Volatility
4 months ago 1 min read

Bitcoin Traders Lose Over $180 Million in 48 Hours Amid Price Fluctuations and Fake SEC Tweet

While the crypto community awaits the decision on a Bitcoin Spot ETF, Bitcoin traders are caught in a whirlwind of uncertainty, resulting in losses exceeding $180 million in a matter of 48 hours. This wild ride is characterized by rapid price fluctuations and the impact of a deceptive tweet, shedding light on the market’s susceptibility to manipulation. On December 9th, a phony tweet from the SEC’s X account announced the approval of a Bitcoin ETF. This misinformation set off a chain reaction that caused Bitcoin prices to wildly fluctuate, resulting in around $90 million in trading losses. This incident highlights

VanEck filed an amended S-1 filing with the SEC on January 8
4 months ago 1 min read

VanEck Gears Up for Bitcoin ETF with $72 Million Seeding Amid DTCC Ticker Listings

With the spotlight on the upcoming Securities and Exchange Commission (SEC) decision on Spot Bitcoin ETF approvals, VanEck, the American investment management firm, is making significant preparations. VanEck’s Spot ETF tickers have been officially listed by the Depository Trust and Clearing Corporation (DTCC), solidifying its presence in the evolving landscape of Spot ETF investments. VanEck’s Spot Bitcoin ETF can be found on the DTCC platform under the ticker ‘HODL.’ Depending on SEC approval, this listing positions VanEck as a key player in the potential integration of Spot Bitcoin ETFs into the mainstream financial sector. Another investment management firm, WisdomTree, has

Valkyrie Investments
4 months ago 1 min read

Valkyrie Investments Says Bitcoin ETF Could Start Trading Tomorrow

The crypto community is on edge as Valkyrie Investments awaits a critical decision from the United States Securities and Exchange Commission (SEC) on a Bitcoin Exchange-Traded Fund (ETF). There is speculation that the SEC could approve as early as Wednesday, allowing trading to begin on Thursday. Valkyrie Investments co-founder Steven McClurg is optimistic about the potential approval and anticipates strong investor interest in their ETF. Estimates range from $200 million to $400 million, with total inflows reaching $4–5 billion in the first few weeks after approval. While not every applicant’s ETF will be available right away, McClurg predicts that around

the US SEC official Twitter account recently announced the approval of a Bitcoin Exchange-Traded Fund (ETF) listing
4 months ago 1 min read

SEC’s X Page Hacked with False Bitcoin ETF Approval; Chairman Gensler Denies Claim

In an unexpected turn of events, the US Securities and Exchange Commission’s (SEC) official Twitter account recently announced the approval of a Bitcoin Exchange-Traded Fund (ETF) listing on all registered national securities exchanges. The official X (formerly Twitter) page tweeted, “Today, the SEC grants approval for Bitcoin ETFs listing on all registered national securities exchanges.” Crypto enthusiasts and investors reacted positively to the news, hailing it as a significant development for the cryptocurrency market. The excitement, however, was short-lived, as SEC Chairman Gary Gensler posted a clarification on X minutes later, claiming that the SEC’s Twitter page had been compromised.

Bitcoin's Price Surge Leads to $100M Loss for Short Traders Amid Anticipation of U.S. ETF Approval
4 months ago 1 min read

Bitcoin’s Price Surge Leads to $100M Loss for Short Traders Amid Anticipation of U.S. ETF Approval

Bitcoin’s recent price surge, which saw it surpass $47,000 for the first time since March 2022, resulted in significant losses exceeding $100 million for traders who had taken short positions, betting against the crypto’s rise. This loss comes as the market waits for the approval of a Bitcoin Exchange-Traded Fund (ETF) in the United States. Users on exchanges such as OKX and Binance suffered significant losses. Bitcoin’s price increase coincides with significant developments in the ETF space, such as BlackRock’s filing fees with the US SEC. Filing fees are usually one of the last steps before an ETF can be

Scott Melker, a crypto analyst, has highlighted a significant influx into Bitcoin following the approval of a BTC Spot Exchange-Traded Fund (ETF).
4 months ago 1 min read

Over $550 billion could flow into crypto market, says analyst

Scott Melker, a crypto analyst, has highlighted a significant influx into Bitcoin following the approval of a BTC Spot Exchange-Traded Fund (ETF). Melker projected $550 billion in Bitcoin ETF investment in a social media post on X (formerly Twitter), representing only 0.5% of total assets managed by Registered Investment Advisors (RIAs). Melker stated that RIAs currently manage assets worth $114 trillion, and Bitcoin’s total market capitalization is $860 billion. According to the post, if even half of RIA-managed assets were to flow into a Bitcoin ETF, the total amount could be around $570 billion. Some cryptocurrency analysts, including Bloomberg Intelligence’s

The US SEC is warning investors against succumbing to FOMO in their investment decisions
4 months ago 1 min read

The US SEC is warning investors against succumbing to FOMO in their investment decisions

As the crypto community awaits the US SEC’s final decision on Spot Bitcoin ETF applications, which is set to be announced on January 10, the regulatory body has issued a cautionary report, warning investors against succumbing to FOMO in their investment decisions. The report, which was published on January 6 in an X post by the SEC’s Office of Investor Education and Advocacy, sheds light on the negative consequences of succumbing to FOMO and offers advice on how to resist or overcome this emotional state. Furthermore, the report provides guidance on mitigating investment risks and navigating market volatility. “Say ‘NO

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