In the wake of new inflation data, the crypto market experienced $164.52M in liquidations over the past 12 hours, with $119.88M in long positions and $44.64M in short positions being flushed out. Bitcoin accounted for $48.31M of the total liquidations. The US Market Open again seemed to be a bigger catalyst than inflation data as
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There are many different ways to quantify market sentiment. Looking at price action provides a very crude but effective gauge of the market’s feelings — if the price is going down, the market’s most likely bearish, and vice versa. However, feelings about the future are very complex to analyze, especially when it comes to Bitcoin,
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Grayscale, the issuer of the world’s largest Bitcoin exchange-traded fund (ETF), has applied for a smaller version of its popular Grayscale Bitcoin Trust (GBTC) ETF under the “BTC” ticker, according to a Mar. 12 filing with the US Securities and Exchange Commission (SEC). Grayscale said: “This would be net-positive for existing GBTC investors, who would
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BlackRock’s iShares Bitcoin ETF (IBIT) has grown its assets under management (AUM) by almost 50% in less than 10 days amid Bitcoin’s (BTC) rally to new highs, according to the firm’s data updated on March 12. IBIT has maintained its reign as the largest spot Bitcoin ETF out of the Newborn Nine — excluding the
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Roman Sterlingov has been found guilty by a jury on all charges related to the Bitcoin Fog coin mixer, according to a US Department of Justice press release. Sterlingov was charged with conspiracy, sting money laundering, operating an unlicensed money-transmitting business, and violations of the DC Money Transmitters Act. Together, the charges carry a maximum
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In the closing stages of the legal case over the identity of Bitcoin’s creator, the Crypto Open Patent Alliance (COPA) said that Craig Wright has failed to establish his claims despite multiple attempts at forgery and should be prosecuted criminally. COPA’s lawyers said during the closing statement that Wright has perjured himself on multiple counts
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BTC hits new ATH of $72k, flips Silver market cap. Wick lower then higher causes $350m liquidations. London Stock Exchange to consider crypto ETNs. Funding again soars before ETF buying begins. Crypto saw record $2.7bn inflows last week. MicroStrategy buys another $821m of BTC.

Grayscale’s new Bitcoin ETF might help GBTC investors escape high fees without getting taxed.

Like recent pops, this one was followed by another dip. It may be shortlived.

In its closing statement in the UK high court, COPA accuses Wright of forging documents to try and prove he created Bitcoin.