Bitcoin spot ETFs closed the week with a $103 million daily inflow after facing significant outflows earlier.
Ether has outperformed Bitcoin in futures yields, signaling more potential ETF inflows that could catalyze an Ether rally above $4,000 before Jan. 20.
Ethereum ETFs outperformed Bitcoin ETFs in net inflows, with Ether ETFs attracting $224.9 million in inflows compared to Bitcoin's $35.2 million between Nov. 22 and 27.
Bitcoin spot ETFs have officially hit a major milestone in November, recording $6.2 billion in net inflows the highest ever seen in a single month. This surge broke the previous record of $6 billion set earlier this year in February, signaling growing interest from institutional investors in regulated Bitcoin products.
XRP, the digital asset associated with Ripple Labs, has decoupled from Bitcoin (BTC), showcasing remarkable price growth. While BTC increased slightly by 0.40% in the last 24 hours, XRP is up over 10%, demonstrating its independence from the leading cryptocurrency.
Bitcoin is teasing $100,000 again. Early last week, the price hit $99,000, just a hair's breadth from the magical six figures.
Robert Kiyosaki, a renowned entrepreneur and investor who supports Bitcoin and also well-known for authoring the popular book “Rich Dad Poor Dad”, has issued a tweet talking about the growing significance of BTC under the current economic conditions in the US.
Bitcoin remained relatively unbudged on Thursday and throughout this morning after encountering a sharp whipsaw session earlier in the week. The world's largest cryptocurrency fell a full 6% between Monday and Tuesday before changing course with a 4.2% rally at the mid-week point.
The market is nervous as Ethereum continues to rise, with over $835 million in short positions ready to be liquidated if ETH reaches $4,000. The price chart for Ethereum and the provided liquidation heatmap demonstrate the high stakes that are currently surrounding the second-largest cryptocurrency.
Bitcoin mining company MARA has purchased 703 additional Bitcoin at $95,395 each, bringing its total holdings to 34,794 BTC valued at $3.3 billion, while maintaining $160 million in reserve for future purchases.
In the context of increased volatility in the crypto market, Bitcoin is undergoing a consolidation phase after nearly reaching 100,000 dollars. Meanwhile, the stablecoin sector is hitting historical highs, and the NFT market is experiencing a remarkable resurgence.
Recently, lawmakers in the country decided to study Bitcoin mining and see how it could help their energy system. They passed a law to research Bitcoin mining at the Canton level.
Why are countries like Brazil and Argentina turning to Bitcoin for economic power?
The Ethereum Foundation once again caused a stir across the broader market on Friday, revealing that it is investing tens of millions into zkVMs (zero knowledge virtual machines). Justin Drake, a renowned researcher at the organization, revealed this investment strategy.
Wealthy investors' appetite for Bitcoin continues to grow as BTC price is once again eyeing the $100,000 milestone level going into December.
It's a big Friday in the crypto world as over $11 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire today! With the market bouncing back from a recent dump, all eyes are on today's massive expiry event.
Bitcoin futures open interest (OI) has risen significantly, jumping from $39 billion on Nov. 5 to $60.9 billion following Donald Trump's presidential election victory.
Bitcoin mining firm MARA – formerly known as Marathon Digital – has announced the acquisition of an additional 703 BTC. This purchase increases the company's total cryptocurrency holdings to 34,794 BTC.
Ethereum's layer-2 (L2) networks have reached an all-time high in total value locked (TVL), surpassing $51.5 billion—an increase of 205% from $16.6 billion in November 2023.
Investor interest in leveraged Ethereum products has surged, with VolatilityShares' 2x Ether ETF seeing a 160% increase in exposure since early November.
Bitcoin bulls avoid further retests of round-number levels as support as Ethereum finally wakes up.
An analyst who nailed Bitcoin's pre-halving correction this year says BTC may have entered a market cycle phase where steep rallies are in sight.
Bitcoin spot ETFs (exchange-traded funds) witnessed a landmark month in November, with net inflows surging to an unprecedented $6.2 billion. This financial instrument, which offers institutional investors indirect access to Bitcoin (BTC), broke the previous record set earlier this year.
The Ethereum (ETH) network has remained the undisputed web3 leader, with over $69 billion in total value locked (TVL) and more than $103 billion in stablecoins market cap, majorly due to the significant development of its layer-two (L2) scaling solutions.
The cryptocurrency market showed mixed yet promising movement today, November 29, 2024, with Bitcoin (BTC) maintaining its position at $96K, signaling continued market confidence. Meanwhile, altcoins saw varied performances, with some recording significant gains and others showing slight declines.
XRP token soared more than 8% in the last 24 hours, outperforming major altcoins as the market saw a slight broader uptick. The post XRP Jumps 8% as Bitcoin Recovers to $96K Amid Broader Market Uptick appeared first on Cryptonews.
Over the past decade, the global money supply has surged by at least $50 trillion. The crypto market, especially Bitcoin, has benefited immensely from this rise, as BTC is generally considered as a hedge against inflation. Recently, the global money supply has seen a sharp drop.
OKG Research's forecast of $2.28 trillion in bitcoin inflows by 2025 underscores the asset's growing importance in the global financial ecosystem.
After briefly retreating to $90,000 earlier in the week, Bitcoin has rebounded strongly, climbing above the $95,000 price. Currently trading at $95,224, Bitcoin has recorded a 7% gain over the past two weeks, signaling renewed bullish momentum.
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Vancouver is the latest city to join the discussions on adding Bitcoin to the government's financial reserves. At a city council meeting on November 26th, Mayor Ken Sim submitted his notice of motion, where he plans to introduce his proposed Bitcoin bill on December 11th.
ETF, accumulations, and miners: the pillars of Bitcoin growth.
Bitcoin price bounced back to $96,400 levels recovering from the lows of $91,000 earlier this week. With $9.4 billion in Bitcoin (BTC) options expiring today, volatility can sweep in again as investors await the next directional move either to $90,000 or $100,000.
Spot Bitcoin exchange-traded funds in the U.S. have experienced significantly lower inflows compared to their Ethereum counterparts during the last four trading days, from Nov. 22 to the day before Thanksgiving.
The cryptocurrency market today has been steady, with a 24-hour gain of 0.16%, taking the total market capitalization to $3.31 trillion. The intraday trading volume also shot up by the same margin, reaching $197.98 billion.
Bitcoin has made a strong comeback, jumping above $96,000 after a dramatic dip to $90K just days ago. This price change has gotten a lot of people talking as Bitcoin gets closer to reaching the $100K mark. Perhaps according to Financelot's latest analysis, Bitcoin could climb as high as $109K before possibly pulling back.
As US markets closed for Thanksgiving Day, the largest cryptocurrency on the market, Bitcoin (BTC), recovered the $96,000 mark, inching closer to its all-time high of $99,500 and the much-coveted $100,000 milestone. Analysts Skeptical Of Sustaining Momentum Toward $100,000 Recent fluctuations in Bitcoin's price have been attributed to a combination of profit-taking by long-term holders and broader market dynamics.
A quant has explained how Ethereum is now in its secondary bull run phase according to the trend in this popular on-chain indicator.
Bitcoin's recent correction, dropping below the critical $93,000 level, has left short-term holders (STHs) grappling with significant losses. This decline comes after Bitcoin failed to breach the much-anticipated $100,000 resistance, a key milestone that many had hoped would mark the next phase in the ongoing bull market.
The motion demands a report on using Bern's unused energy for Bitcoin mining, partnering with Swiss firms, and stabilizing electricity grids.
While more than 90% of Ether holders are in profit, data shows traders remain cautious about the asset hitting $4,000 anytime soon.
SOS Limited, a Chinese public company, has announced a bold move to deepen its crypto investments with a $50 million commitment to Bitcoin.
Today, over $10 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are due to expire.
In a Kitco news interview, Frank Holmes, CEO of U.S. Global Investors and Executive Chairman of HIVE Digital Technologies, believes that in the coming years, alternative assets like gold and Bitcoin will play a bigger role in investors' portfolios.
Just as Ethereum price has been showing strength above $3,500 levels, selling by Ethereum whales picked up once again. The heavy ETH offloading to exchanges by whales has caught investors' attention on whether the profit-booking begins even before reaching $4,000.
Bitcoin may face a correction as the XAU/BTC ratio hits historical lows, signaling overbought conditions. Analysts eye $62,000 as a key support level.
Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, has recently surged past a critical resistance level, capturing significant attention from both investors and traders. As of November 28, 2024, Ethereum's breakout from a five-day-long consolidation zone indicates the potential for a substantial rally in the coming days.