Spot Bitcoin (BTC) exchange-traded funds (ETFs) saw outflows on Monday as the flagship cryptocurrency dropped below $67,000. According to data from investment firm Farside, outflows from Grayscale’s Bitcoin ETF (GBTC) surged once again, reaching over $300 million on that day. The combined net outflow for Bitcoin spot ETFs reached $85.84 million, driven primarily by the significant...
The Bitcoin (BTC) price is eyeing a possible breakout to the south of the $65,000 level as the market readies itself for a potential $2.1 billion sale of confiscated Silk Road Bitcoin tokens by the US government. A wallet associated with the US Department of Justice just moved 30,174.7 BTC tokens to a Coinbase wallet....
Bitcoin spot ETFs saw record monthly volume in March, tripling numbers from the previous two months with a whopping $111 billion traded. Bitcoin ETF Smashing Success The funds collectively traded ~$42 billion in February, and ~$25 billion in January, when they first went live. Since that time, Blackrock’s iShares Bitcoin Trust (IBIT) has overtaken the...
Goldman Sachs chief investment officer Sharmin Mossavar-Rahmani, said in an interview with the Wall Street Journal, Bitcoin is not considered an investment asset class, adding “we’re not believers in crypto.” Wall Street has been coming round to the idea of cryptocurrency as an asset class with many traditional financial institutions such as BlackRock and Fidelity...
As the ‘halving’ event nears, Bitcoin price predictions become increasingly significant, with the current value at $66,125 hinting at future trends. The market’s technical indicators suggest a decisive phase ahead, with potential shifts in investor sentiment and market dynamics poised to influence Bitcoin’s trajectory. El Salvador Unveils Open-Source Bitcoin Diploma to Boost Global Financial Literacy...
Cathie Wood’s ARK 21 Shares Bitcoin exchange-traded fund (ETF) has recorded daily outflows of over $87 million, marking the first time it witnessed larger daily outflows than Grayscale’s Bitcoin Trust (GBTC). According to data from Farside Investors, ARK 21Shares Bitcoin ETF (ARKB) saw outflows amounting to $87.5 million on Tuesday, which is approximately equivalent to 1,300 BTC. This...
Bitfinex Derivatives, the derivatives platform of iFinex Financial Technologies Limited, is expanding its offerings with the launch of two new volatility-focused perpetual futures contracts. These contracts, the Bitcoin Implied Volatility Index (BVIVF0:USTF0) and the Ethereum Implied Volatility Index (EVIVF0:USTF0), aim to capture the market’s sentiment regarding future price movements for the two leading cryptocurrencies. Unlike...
Bitcoin is becoming a valuable tool to escape high inflation in countries with less stable currencies, according to Ark Invest CEO Cathie Wood. Cathie Wood’s Bitcoin Thesis The investor – whose asset management firm is a long-time bull on AI and blockchain – argued that little-discussed “currency devaluations” are part of what’s driving the asset’s...
Coinbase Global has announced it will be using Lightspark to bring the Bitcoin Lightning Network to its network for faster and cheaper payment transfers. In an announcement, Lightspark said it is working with the Coinbase team on technical integration. Coinbase will be using Lightspark’s “remote-key signing implementation.” The Lightning signing keys will be entirely held...
In recent trading, Bitcoin (BTC/USD) dipped to $65,394, down by 0.75%, prompting speculation about its next move. As market watchers analyze the Bitcoin price prediction, the $66,631 pivot point looms large, potentially guiding BTC’s short-term trajectory. With resistance and support levels tightly bracketing the current price, the market is at a crossroads, weighing the impact...