“After two trading days, Hong Kong's three Bitcoin spot ETFs now hold 4,088 BTC,” crypto analyst HODL15Capital (@HODL15Capital) reported via X. “ChinaAMC led the way with 2,008 BTC, while China Exchange Traded Funds (ETF) held 4,088 BTC. China AMC holds 2,003 BTC, Harvest holds 1,086 BTC, and...
“The U.S. Securities and Exchange Commission (SEC) will classify Ethereum (ETH) as a security and deny approval of spot ETFs applied for by a number of asset managers,” Michael Saylor, CEO of Microstrategy (NASDAQ: MSTR), the largest single holder of BTC outside of bitcoin spot ETFs, said at a...
According to cryptocurrency options exchange Deribit, $13.8 billion worth of Bitcoin options will expire at 17:00 UTC on May 3. The put/call ratio is 0.49 and the max pain (the price at which the most option buyers lose premium) is $61,000. At the same time, $9.9 billion worth of Ethereum options...
Coinbase reported its Q1 earnings, according to CNBC. During the period, Coinbase reported revenue of $1.64 billion, beating estimates ($1.34 billion). This is a significant increase from the year-ago quarter ($7.7 billion). “Coinbase shares have surged about fivefold in the past year, and are up...
BTC Wallet Net Outflows Increase...Selling Pressure Continues. “Looking at the trend of Bitcoin accumulation by wallet holdings, net outflows continued throughout April,” on-chain analytics firm Glassnode said in an official X report. Overall, this suggests that sell-side pressure is continuing.”...
Bloomberg ETF analyst Eric Balchunas reports via X that “final data from the first day of Hong Kong's cryptocurrency spot ETFs are in. Hong Kong crypto spot ETFs saw total inflows of $292 million on the first day. Ethereum spot ETF inflows accounted for 15% of that total. While this is much more...
Jimmy Song, who was invited to speak at the Bitcoin Seoul 2024 event in Seoul, South Korea, emphasized the importance of increasing the Korean market's understanding of Bitcoin through Bitcoin-related events. Jimmy Song is a Bitcoin expert who has written five books on Bitcoin, including...
As the U.S. central bank (Fed) kept its benchmark interest rate unchanged for the sixth consecutive month on Jan. 1 (local time), bitcoin fell to $55K per unit for the first time in more than two months. Bitcoin has been on a downward spiral despite good news like the halving and Hong Kong's...
BlackRock's BTC Spot ETF (IBIT) saw net outflows of $36.9 million in one day (local time), reports X, citing Treenews. This is the first net outflow since IBIT launched in January. Meanwhile, BTC fell below $57,000, according to Coinness Market Monitor. On Binance's USDT market, BTC is trading at...
Bitcoin (BTC), which has fallen below the $60,000 mark, may be headed for another decline. On Monday (local time), investment bank Standard Chartered predicted that BTC could fall to $50,000 to $52,000. The decline is expected to be driven by a combination of crypto-specific factors and macro...
Cointelegraph lists three signs that the Bitcoin (BTC) price may be nearing a bottom, including These are: easing market uncertainty after the Fed rate announcement, weak miner selling even after the halving, and rising demand for stablecoins in China. “Market uncertainty was somewhat eased after...
Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell 11 points from the previous day to 43. The index moved from neutral to fear as sentiment worsened. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to...
