The Bitcoin network reached a significant technical achievement on January 3, 2025, as its hashrate—the total computing power securing the network—briefly touched 1,000 exahashes per second (EH/s). This marks a dramatic increase from just one year ago, when the network operated at around 510 EH/s. The increased hashrate shows Bitcoin miners are adding more computing […]
BlackRock’s spot Bitcoin ETF experienced its highest trading volume in six months amid a continued Bitcoin rally. The BlackRock iShares Bitcoin Trust (IBIT) recorded an impressive $642.9 million in inflows on Oct. 29, based on Farside data. This marks the largest inflow since March 12, bringing the total net inflow for all Bitcoin ETFs to […]
ETH ETF flows may accelerate if they follow trends set by Bitcoin ETFs. Rumors of a bearish outlook for Ethereum have surfaced, but hold on—there are signs that the situation may not be as dire as it seems. At least for the time being, the bear market appears to be holding off. Bullish Signals for […]
Ethereum has not seen capital inflows matching the surge experienced by Bitcoin, highlighting a divergence in investor interest. Throughout the current cycle, there has been an increasing divergence in the performance of BTC and ETH. Glassnode’s analysis attributes this trend to a weaker pattern of capital rotation, especially when compared to past cycles and all-time […]
Following the Securities and Exchange Commission’s approval of the first U.S. exchange-traded funds (ETFs) holding bitcoin, firms are aggressively targeting baby boomers with ad campaigns promoting these investment products. SEC Approval Spurs Marketing Push The recent approval of bitcoin ETFs by the SEC has ignited a marketing frenzy among financial firms. These ETFs, from offerings […]
Bitcoin, the powerhouse of the cryptocurrency world, boasts a staggering market capitalization nearing $1 trillion, and spot Bitcoin ETFs could take it even higher. As a decentralized digital currency, Bitcoin operates autonomously, free from the clutches of central authorities. However, for investors looking to ride the Bitcoin wave without the hassle of direct ownership, the […]
BlackRock, the world’s largest asset manager, has seen its iShares Bitcoin ETF (IBIT) amass a staggering $1 billion in assets under management (AUM) within just four days of hitting the market, as reported by Reuters. The iShares Bitcoin ETF was quick to capitalize on the U.S. Securities and Exchange Commission’s (SEC) recent approval of nearly […]
Bitcoin (BTC) is envisioned to reach the $1 million mark in the upcoming days or week, according to Samson. The current focus is intensely on the Bitcoin (BTC) price, triggered by the approval and introduction of a spot Exchange Traded Fund (ETF) that tracks the cryptocurrency. Predictions for Bitcoin (BTC) PriceAnticipating a boost for digital […]
The U.S. market welcomed the commencement of trading for the first-ever Bitcoin exchange-traded funds (ETFs) on Thursday. This marks a pivotal moment for the cryptocurrency sector, which has been striving for regulatory approval for such financial products for more than a decade. Investors can now tap into the digital asset without the need to directly […]
