In a notable development within the cryptocurrency investment realm, U.S. spot Bitcoin Exchange-Traded Funds (ETFs) are witnessing a noteworthy shift in net inflows, reflecting a cautious sentiment among investors amid Bitcoin’s recent retracement from its peak. On Thursday, the net inflows for these ETFs plunged to a monthly low of $132.5 million, primarily due to […]
In 2023, cryptocurrency gains experienced a resurgence, marking a significant recovery from the challenges of 2022. According to data from Chainalysis, investors witnessed a remarkable upturn, with total gains amounting to an impressive $37.6 billion. While this growth is noteworthy, it falls short of the peak of $159.7 billion seen during the 2021 bull market. […]
BTCUSD Surpasses the $69,000 Price Level BTCUSD surpasses its all-time high at $69,000 by achieving a remarkable surge and signaling potential for further upward movement. With an impressive 80% price increase this year, Bitcoin has navigated barriers while approaching the upcoming halving event and overcoming hurdles that often involved brief accumulation periods before breaking through. […]
Bitcoin mining stocks have seen substantial gains in recent months, buoyed by improving macroeconomic conditions and Bitcoin’s resurgent climb, with the cryptocurrency surpassing the $48,000 mark for the first time since April 2022. Despite concerns of an impending correction, I anticipate continued upward momentum in the sector, particularly with the looming Bitcoin halving and the […]
BTCUSD is Currently Stalled Below the $69,000 Key Level BTCUSD is currently held below the significant $69,000 level. This is despite showcasing robust bullish momentum with a more than 30% price increase over the past two weeks. Despite maintaining a bullish stance, the crypto faced a bearish setback on Tuesday, leading to a dip to […]
In a groundbreaking development within the cryptocurrency investment sphere, Fidelity’s FBTC spot bitcoin exchange-traded fund (ETF) has achieved an unprecedented feat, witnessing a surge in daily inflows to a staggering $473.4 million. [1/4] Bitcoin ETF Flow – 07 March 2024 All data in. Net total inflow of $472.6m. Another strong day, with Fidelity performing well, […]
BTCUSD Gears Up to Break the $69,000 Level BTCUSD gears up to break through its all-time high, aiming to conquer the high-priced $69,000 after coming to test it. The ongoing impressive rally, extending from February into March, has seen Bitcoin surpass the crucial $64,000 key level, marking an impressive 80% increase in the past month. […]
Amid a market-wide rally, Bitcoin miners have struck a vein of digital gold. Reports from March 6 reveal a near-record revenue of $75.9 million in a single day, marking a significant milestone in the history of cryptocurrency. According to CryptoPotato, this figure not only represents a 30.74% increase from the previous day but also an […]
In a recent report, JPMorgan has issued a cautionary forecast for Bitcoin investors, suggesting that the cryptocurrency’s price may experience a significant decline to $42,000 following the highly anticipated halving event scheduled for April. Analysts at the global investment bank have articulated that this level is where they anticipate Bitcoin prices to gravitate towards once […]
