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2024-05-12 18:54:59 Bitcoin ETFs Holding Now Accounts For 4.5% Of The Total Bitcoin Supply

According to data from HODL15Capital, as of May 10, Bitcoin exchange-traded funds (ETFs) worldwide collectively held 949,756 Bitcoins. The Bitcoin ETFs holding is constituting 4.5% of the total Bitcoin supply. U.S.-based spot Bitcoin ETFs acquired 1,318 Bitcoins throughout the week, with GBTC experiencing outflows. Glassnode highlighted that Bitcoin reached a pivotal phase three months ahead of Ethereum, with the news surrounding ETFs significantly impacting this acceleration.

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2024-05-11 19:59:58 Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in 'Record-Breaking' Quarter

In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes the company’s “record-breaking” performance to the surge in bitcoin prices.

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2024-05-11 08:55:12 Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030

Former Twitter CEO and now founder and backer of several crypto projects, Jack Dorsey, believes that bitcoin (BTC) will go as high as $1 million by 2030. When asked about a price prediction for bitcoin in an interview with Pirate Wires, Dorsey said, “I don’t know. Over… at least a million. I do think it hits that number and goes beyond.” While the price of the cryptocurrency is interesting, he said, it’s the ecosystem and movement that fascinates Dorsey.

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2024-05-10 19:10:02 Bitcoin benefits from US dollar downturn, analysts say

The dollar has reacted negatively to an up-tick in U.S. jobless claims, benefiting bitcoin alongside equity markets, an analyst said. According to TradingView data, the U.S. Dollar Index (DXY), which assesses the dollar's performance against a basket of major world currencies, registered a 0.45% decline from Thursday's high of 105.73 to 105.25.

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2024-05-10 09:10:19 Bitcoin and Ethereum ETFs in Hong Kong diverge

According to Farside data, the digital asset exchange-traded funds (ETFs) market in Hong Kong (HK) experienced a divergence in flows on May 8. While Bitcoin (BTC) ETFs saw overall inflows, Ethereum (ETH) ETFs saw outflows. Farside data shows that the BTC ETFs in HK attracted a combined inflow of $6.3 million on May 8. Bosera’s BTC ETF led the way with a $6.2 million inflow, bringing its total net inflows to $15.8 million. AMC’s BTC ETF saw a $0.1 million inflow, totaling $3.6 million in net inflows.

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2024-05-09 20:50:27 Bitcoin Whales Accumulate $941M BTC in 24 Hours as Prices Drop

The amount of BTC whales accumulated in the past 24 hours increased their holdings by 15,121 BTC, bringing their collective stash to its highest level in two weeks. Bitcoin whales have begun to make substantial BTC purchasing moves, signaling market participants’ entrance into a re-accumulation phase. According to a tweet by blockchain analytics platform Santiment, large investors holding 1,000 to 10,000 BTC collectively accumulated more than $941 million worth of the asset in the past 24 hours.

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2024-05-09 07:30:42 Former President Donald Trump says "Biden doesn't even know what" crypto is and if you like crypto you "better vote for Trump."

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2024-05-08 20:30:42 Tether partners with Swan to expand Bitcoin mining operations

Stablecoin issuer Tether has expanded its mining endeavors by collaborating with Swan’s Managed Bitcoin Mining service. According to the press statement, the firm has dedicated an undisclosed amount of substantial capital to establish its Bitcoin mining operations through Swan. Swan’s Managed Bitcoin Mining allows institutional investors to commit a minimum of $100 million to the Bitcoin mining ecosystem. Through the service, the firm plans to offer bespoke mining operations tailored to the specific needs of its clients.

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2024-05-08 08:45:13 Bitcoin market 'improving' after hitting local low of $56,500: Standard Chartered

Standard Chartered has revised its short-term forecast for Bitcoin, predicting a rebound from a recent low of $56,500, a shift from last week's prediction that the cryptocurrency would dip into the $50,000-$52,000 range. "Things are improving and we have likely seen the low at $56,500 on 1 May," Standard Chartered Bank Head of FX Research and Digital Assets Research Geoff Kendrick said.

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2024-05-07 20:49:59 Bitcoin’s April plunge leads to $2.92 billion in spot outflows

Bitcoin faced massive selling pressure in April 2024, recording its most significant monthly decline of 15% since November 2022, when it dropped over 16%. CryptoSlate previously analyzed the factors contributing to the dip, finding that the conclusion of the US tax season, compounded by various economic factors, prompted the sell-off. However, Bitcoin rebounded most of its losses in April and May.

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