Bitcoin ETPs surpass 1 million BTC, amid gold and bond ETF outflows Bitcoin exchange-traded products (ETPs) have now exceeded a total of 1 million BTC, surpassing the outflows of gold and bond ETFs.
Quick Take Recent data from ByteTree highlights Bitcoin held in global Exchange Traded Products (ETPs) had crossed the one million Bitcoin mark, setting a new record. In the past 90 days, these ETPs have experienced a significant inflow of 133,000 BTC, largely attributed to the success of US spot Bitcoin ETFs. Interestingly, this surge in
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Record-breaking Bitcoin price surge on horizon as OTC desks dry up, predicts 10X Research 10X Research predicts that a record-breaking surge in the price of Bitcoin is imminent as over-the-counter trading desks experience a decrease in availability.
Bitcoin’s price is primed for a surge that could hit record-breaking highs this week, according to a 10X Research report shared with CryptoSlate. Why BTC will print new ATH The report outlines key factors driving this bullish momentum. It suggests that Bitcoin will experience a significant upswing if the outflows from Grayscale’s Bitcoin ETF drop
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How stablecoins have fueled the recent rise in Bitcoin’s value The recent increase in Bitcoin’s value has been supported by the use of stablecoins.
Quick Take The Stablecoin Supply Ratio (SSR) created by Glassnode has emerged as a significant factor in analyzing Bitcoin price action. The SSR, a ratio between Bitcoin supply and the supply of stablecoins expressed in BTC, serves as a proxy for the supply/demand dynamics between Bitcoin and USD. This ratio reveals that when it’s low,
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Crypto investment products near all-time high with $1.84 billion weekly net inflow There has been a significant increase in net inflow of $1.84 billion in crypto investment products, reaching close to an all-time high.
Crypto-related investment products saw significant inflows last week, totaling $1.84 billion—this year’s second-largest weekly inflows—according to CoinShares’ latest weekly report. This significant inflow was also matched by a record trading volume of more than $30 billion during the same period, which at times represented 50% of global Bitcoin daily trading volumes on trusted exchanges. James
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Crypto Scams Persist: Exit Scams, Hacks Cost Crypto Sector $160 Million In February Crypto scams continue: Exit scams and hacks resulted in a $160 million loss for the cryptocurrency sector in February.
The crypto industry is perpetually vulnerable to malicious activities, with hackers seemingly relentless in their pursuits. It’s been only two months into 2024 and crypto scams are already making their appearance. According to blockchain auditor CertiK, crypto hacks and scams led to over $160 million in losses in February alone. Related Reading: US Drops Emergency
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Crypto Exchanges Witness Massive Bitcoin Outflow Amidst Price Surge Crypto exchanges are seeing a large amount of Bitcoin being withdrawn as prices continue to increase.
In the midst of Bitcoin’s (BTC) price movement vying for all-time highs, the cryptocurrency is fleeing exchanges at the fastest pace in years. Research and analytics researcher at crypto insights business CryptoSlate, James Van Straten, highlighted withdrawals of Bitcoin worth billions dollars in a twitter post on March 3. Even
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Shiba Inu (SHIB) Rallies 150%, Will It Hit $0.00003 Next? Shiba Inu (SHIB) has surged by 150%, could it reach $0.00003 next?
After a lackluster 2023, Shiba Inu (SHIB) has finally turned the tide, rallying 136.1% in the weekly charts,…
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Bitcoin Earns High Praise: Scaramucci Labels It As 21st Century’s ‘Berkshire Hathaway’ Bitcoin receives a lot of praise, with Scaramucci comparing it to the modern equivalent of Berkshire Hathaway.
Renowned investor and founder of SkyBridge, Anthony Scaramucci, has once again expressed his firm belief in the transformative power of Bitcoin. Related Reading: Indonesia’s Crypto Evolution: Government Eyes Changes In Taxation Landscape In a recent statement, Scaramucci emphasized that Bitcoin should not be merely compared to gold, but rather likened to Berkshire Hathaway, highlighting the
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Bitcoin: Why Did BTC Rally and Climb Above $63,000? What were the reasons for Bitcoin’s surge and rise above $63,000?
Bitcoin’s recent bull run is the latest development catching significant attention within the crypto space. The price of…
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Bitcoin Ordinals Trading Volume Hits $51M, Highest Since December Trading volume for Bitcoin options reached $51 million, the highest it has been since December.
In an unexpected surge, the trading volume of Bitcoin Ordinals reached a new peak on March 3, with figures climbing to $51.14 million, marking the highest point since December 18 of the previous year. Notably, Magic Eden, a leading platform in the Ordinals marketplace, dominated this upswing, accounting for $39.29
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