Bitcoin ETFs Sold the Dip
The US bitcoin ETFs saw combined outflows of $400 million on Thursday following remarks by Fed's chair Jerome Powell that there is no rush to cut rates.
Keep up with what's happening in the crypto world in real-time.
The US bitcoin ETFs saw combined outflows of $400 million on Thursday following remarks by Fed's chair Jerome Powell that there is no rush to cut rates.
Greenidge Generation Holdings Inc. will continue operating its Dresden, New York, facility following a legal victory against the state's Department of Environmental Conservation. According to a Nov.
The Bitcoin market has been slightly bullish during the early hours of Friday, as the market continues to pressure the $90,000 level. This is an area that I think will continue to attract a lot of attention at this point in time.
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Thumzup Media Corporation has announced the approval of a $1 million Bitcoin purchase, marking a key development in its financial strategy. The company's Board of Directors greenlit the decision, aimed at bolstering its treasury reserves with Bitcoin, an asset increasingly regarded for its inflation-resistant properties.
Solidion Technology, a US company listed on Nasdaq and a leader in the supply of battery materials, has revealed a significant shift in its capital management strategy with Bitcoin. The company announced that it will allocate 60% of the excess cash generated from operations to the purchase of bitcoin.
In the last three days, Bitcoin miners have moved a total of 45,000 BTC to exchanges, with significant transfers, with the sell off putting some selling pressure on BTC price.
Goldman Sachs' latest SEC filing revealed that the global investment firm holds approximately $718 million worth of shares in eight Bitcoin ETFs. According to Goldman Sachs‘ 13F report filed with the United States Securities and Exchange Commission on Nov.
Even a small allocation of Bitcoin in a traditional investment fund can be beneficial.
Prominent Bitcoin analyst Willy Woo recently shared his insights on social media platform X (formerly Twitter), forecasting Bitcoin's upcoming price movements. According to Woo, Bitcoin is currently navigating a phase of unfettered price discovery, having broken into new all-time highs.
Goldman Sachs has made a bold move by investing approx. $718 million in Bitcoin ETFs, signaling a surge in institutional interest.
Pennsylvania could invest up to 10% of its treasury funds into Bitcoin if this newly introduced bill is passed.
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Goldman Sachs has significantly increased its Bitcoin ETF investments, signaling growing institutional interest in cryptocurrencies.
Bhutan Bitcoin sale nets $33M amid BTC's record surge, showcasing strategic profit-taking.
On Thursday, U.S. spot bitcoin and ethereum ETFs hit a snag, snapping a streak of inflows. Ethereum Funds Falter as Bitcoin ETFs Face $400M Outflow Bitcoin (BTC) saw a slight dip, slipping below $90,000, while U.S. spot bitcoin ETFs experienced outflows totaling $400.67 million. Not everyone took a hit, though. Blackrock's IBIT picked up $126.
Pennsylvania has proposed a Bitcoin Strategic Reserve bill that seeks to incorporate cryptocurrency into state reserves, setting a precedent for digital asset adoption in government finance.
Plans for the long-awaited $100K bitcoin party are underway, with Saylor expecting it to take place around New Year's Eve.
Even if Bitcoin dips, "we expect investors to view this as an attractive entry opportunity, injecting new liquidity," said an analyst.
Bitcoin Magazine CEO David Bailey has suggested that President-elect Donald Trump could elevate Bitcoin to the status of a “strategic reserve asset” without requiring approval from Congress. In a Nov. 15 statement on X, Bailey suggested that the President could use executive authority to initiate a national Bitcoin reserve.
There is a small negative signal, but it could even be interpreted as a positive signal.
Marketing influence and entertainment narratives have emerged as the most powerful drivers of asset success in the cryptocurrency market, beating out traditional financial metrics like intrinsic value or cash flow. This shift, noted in a recent 10x Research report, shows why protocols with outspoken founders and strong marketing personas have thrived.
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 15, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
The 230-day post-halving period typically signals a drop in Bitcoin dominance, fueling altcoin momentum.