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2024-04-05 08:54:55 Bitcoin maintains gains despite bloodbath across crypto, equities after Minneapolis Fed comments

Bitcoin (BTC) surged 5% on April 4, briefly topping $69,400, despite a wider market rout in US equities, showcasing its growing status as a safe haven asset. As of press time, the flagship crypto was trading between $67,500 — giving up more than half its gains after the dollar index recovered from its decline earlier in the day. Total liquidations stood at $199.2 million over the past 24 hours, with longs accounting for more than half at $109.4 million. Meanwhile, Bitcoin-related liquidations amounted to $67.3 million, with shorts making up $41.8 million.

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2024-04-04 20:29:57 Hedge Funds Hold Record Bearish Bitcoin Bets, Data Show

Leveraged funds, which the Commodities Futures Trading Commission (CFTC) describes as hedge funds and commodity trading advisers, held record bearish wagers on the bitcoin (BTC) price at the end of the first quarter as the cryptocurrency's rally stalled near record highs. That's the most since the futures began trading in late 2017, according to CFTC figures published last week. CME's standard bitcoin futures contracts are sized at 5 BTC.

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2024-04-03 10:49:57 Hut8 Mining CEO says Bitcoin’s coming halving will be on a ‘different scale’

Hut 8 Mining CEO Asher Genoot said the coming Bitcoin halving will be on a “different scale” in terms of impact on the mining industry. Genoot said during an interview with Bloomberg on April 2 that large scale miners must become “low-cost operators” to ensure they can survive the turbulent market conditions post-halving. Genoot added that this is a core part of Hut8’s strategy as evidenced by strong balance sheet with a substantial Bitcoin reserve of approximately 9,100 BTC, worth around $600 million as of press time.

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2024-04-02 20:44:57 Burkett Financial Services buys Bitcoin via ETFs

Burkett Financial Services, a South Carolina-based financial planner, disclosed investments in two Bitcoin exchange-traded funds (ETFs) on April 1. Burkett’s latest Form 13F filing indicates it holds 602 shares of BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF. The firm’s holdings are valued at $24,363. The company also holds 630 shares of ProShares’ Bitcoin Strategy ETF (BITO), which invests in Bitcoin futures. Its BITO shares are valued at $20,344 in total.

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2024-04-02 06:04:57 Bitcoin Miners' Earnings Hit Record $2 Billion in March Ahead of Halving Event

In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past month.

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2024-04-01 20:19:58 Bitcoin’s bullish swing backed by record high short-term holder realized price

Bitcoin on-chain data by Glassnode portrays a bullish sentiment, underscored by robust support levels influenced by short-term holders‘ behavior. The Short-Term Holder Realized Price (STH RP), reflecting the average on-chain acquisition cost for coins moved within the last 155 days, recently soared to an all-time high of $57,547. Notably, its 7-day percent change stands at 4%, a significantly elevated figure following a remarkable 11% surge – marking the highest level since 2021.

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2024-03-30 18:35:00 Bitcoin futures open interest reaches new high at $38 billion

Open interest for bitcoin futures on centralized exchanges has reached a fresh high, indicating increased trading activity around the largest cryptocurrency by market capitalization. Since the start of 2024, daily open interest in bitcoin futures has increased by more than 100% from Jan 1, when it was approximately $17.2 billion. This rise coincides with bitcoin’s price surge to $70,000 — a 66% increase year-to-date.

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2024-03-29 20:05:00 Spot bitcoin ETFs see fourth consecutive day of net inflows to end the month

Flows into spot bitcoin exchange-traded funds remained net positive on Thursday for the fourth consecutive day — closing the month on a strong note. The daily total net inflow for the spot bitcoin ETFs in the United States was $183 million as of March 28 — bringing the cumulative total net inflow to about $12.13 billion — according to data from SoSo Value.

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2024-03-28 19:54:58 BlackRock’s spot Bitcoin ETF amasses 250,000 BTC as Fidelity’s crosses $10 billion AUM

BlackRock’s IBIT spot Bitcoin exchange-traded fund crossed 250,000 ($17.7 billion) in assets under management on Wednesday, just 11 weeks after trading began on Jan. 11. BlackRock’s Bitcoin ETF had already accumulated 245,951 BTC as of Tuesday, according to its latest fund disclosures. IBIT’s $323.8 million (4,702 BTC) worth of net inflows yesterday, per BitMEX Research data, were enough to tip it over the milestone.

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