Short positions in Bitcoin worth almost $40 million were liquidated within the past 24 hours as the cryptocurrency’s price surged upwards. As Bitcoin surpassed the $68,000 mark, short positions were swiftly eliminated, resulting in significant liquidations. During the last 24 hours, the leading digital asset by market capitalization experienced a […]
Tag: Grayscale
Bitcoin’s Approaching Halving Captures Market Attention
As Bitcoin steadily approaches its final five weeks before the much-anticipated halving event, all eyes remain fixated on its price action and the continuous surge to All-Time High levels. Alongside this fervor, the growing influence of Blackrock and AI assets in the cryptocurrency sphere is also drawing significant crowd interest […]
Bitcoin ETFs See Record Inflows As Bitcoin Hits New High
Today marked a historic milestone for Bitcoin exchange-traded funds (ETFs) as total net inflows surged to an unprecedented $1.05 billion, setting a new single-day record since the inception of ETF trading. According to SoSoValue data, on March 12, the total net inflow into Bitcoin spot ETFs reached $1.05 billion, setting […]
Bitcoin Hits New All-Time High At $70,199 Amid Altcoin Disinterest
Bitcoin made headlines yesterday by reaching a new all-time high of $70,199 on Coinbase, marking another significant milestone for the cryptocurrency. While this achievement is noteworthy, the trading community is currently exhibiting a blend of fatigue and disinterest in altcoins. 🥳 #Bitcoin has established yet another new #AllTimeHigh today, reaching […]
Bitcoin ETF Inflows Surge To Over $232M As Investors Flock To Cryptocurrency
The influx of funds into Bitcoin Exchange-Traded Funds (ETFs) has reached a staggering $233 million, signaling a notable surge in investor interest in the cryptocurrency. Despite the inherent volatility of the market, Bitcoin has maintained a relatively stable price, hovering consistently around $51,000. On February 23, reports from SoSoValue indicated […]
Bitcoin ETFs Volume Reach Record Highs Amid Market Dynamics
Bitcoin exchange-traded funds (ETFs) witnessed unprecedented trading activity, setting new daily volume records, possibly influenced by the closure of markets for Presidents Day. 📈 #Bitcoin #ETF volumes & inflows have seen record daily highs, perhaps aided by closed markets for #PresidentsDay. Amongst the 7 largest ETF's, there was a combined […]
Bitcoin ETF Trading Volume Surges Amidst Price Rally
In a resurgence of activity, Bitcoin’s ETF trading volume has soared in mid-February, surpassing $1.8 billion per day across the seven most prominent ETFs: GBTC, IBIT, FBTC, ARKB, BTCO, BITB, and HODL. This surge in trading volume coincided with Bitcoin’s breach of the $50,000 mark earlier this week, signaling a […]
Bitcoin Trading Volume Surges As Market Value Tops $50K
Bitcoin’s trading volume surged to a highly-high as its market value peaked at $50k during the weekend frenzy, marking a +18% growth week. While Ethereum also experienced a slight boost, most other trading volumes remained relatively stagnant in comparison. 🚨 JUST IN: #Bitcoin Hits $50kFirst time since 12 months ago […]
Bitcoin Wallets Continues Declining Despite Growing ETF Interest, MicroStrategy Buys 850 More $BTC, Now Holding 190,000 BTC
In the wake of the SEC’s approval of 11 Spot ETFs just four weeks ago, the number of wallets holding Bitcoin continues to dwindle. This trend is attributed to the prevailing fear, uncertainty, and doubt (FUD) among investors, alongside the increasing array of alternative investment options competing for attention. 📉 […]
Bitcoin Gains Momentum As Institutional Interest Surges
Bitcoin continues to assert its dominance in the financial landscape, with approximately $7.7 billion worth of economic value processed daily through Bitcoin transfers, underscoring its robustness. #Bitcoin Transfer Volumes remain extremely robust with around $7.7B/day in economic volume processed. However, an elevated presence of large size entities can be observed, […]
Bitcoin Sees Recovery Amidst ETF Activity With Grayscale And Hong Kong
Bitcoin commenced January on a strong note, breaching $48,900 following the introduction of U.S.-based spot exchange-traded funds (ETFs) on January 11. However, profit-taking among investors in Grayscale Bitcoin Trust (GBTC) led to downward pressure, with prices dipping to around $38,500 last week. As the new week unfolds, Bitcoin has shown […]
Bitcoin Miners Increase Selling Activity Amid Hashrate Decline
Recent on-chain data from CryptoQuant indicates a notable uptick in selling activity among Bitcoin miners. Over the last 24 hours, miners have reportedly sold nearly 10,600 BTC, equivalent to approximately $455.8 million. Simultaneously, the Bitcoin network has experienced a 34% decrease in hashrate since last Friday, dropping from a peak […]
Ethereum’s Market Dominance Surges As Bitcoin Consolidates After ETF Adoption
While Bitcoin’s price has been in a consolidation phase post ETF adoption, Ethereum is witnessing significant gains. Currently trading at $2,571, Ethereum’s market valuation has reached $308.97 billion, marking a 1.53% increase. According to Santiment data, Ethereum’s price dominance against Bitcoin has surged by +22.4% in the past week. This […]
Bitcoin Spot ETFs Garner Nearly $10 Billion In Three Days; Grayscale Dominates Trading Volume
The U.S. Bitcoin spot ETFs witnessed a staggering total trading volume of almost $10 billion within a span of three days, according to insights from Bloomberg analyst James Seyffart. Grayscale GBTC led the charts with a three-day trading volume of $5.174 billion, followed by BlackRock’s IBIT at $1.997 billion and […]
Ripple Labs Plans $285 Million Share Repurchase In Response To Market Dynamics
Ripple Labs has unveiled its intention to conduct a share repurchase, or tender offer, valued at $285 million, targeting initial investors and staff members. This move places the company’s valuation at an impressive $11.3 billion. According to sources from Reuters, participants in this tender offer are restricted to selling a […]
Grayscale Victory Over SEC: What Does It Mean For The Future Of Bitcoin ETFs
The crypto community is certainly optimistic after the Grayscale victory over the SEC. The court’s ruling that the SEC had exceeded its authority by blocking the conversion of Grayscale’s Bitcoin Trust (GBTC) into an ETF has been seen as a major step forward for the legitimization of cryptocurrencies. Will The […]
Grayscale Files Lawsuit Against the SEC, Cryptocurrency Markets Are Unchanged
The low volatility trend and sideways trading seen this week are still present in today’s cryptocurrency markets. Even though trading volume yesterday remained comparatively high, we anticipate further drops this Thursday for top crypto assets like Bitcoin and Ethereum. A press release announcing that the CEO of Grayscale is suing […]
Grayscale Buys 800% More Bitcoin Compared to Q1 2019
Since the Bitocin halving, there has been a lot of attention on Grayscale’s Bitcoin Trust. As it turns out, the Trust’s aggressive BTC hoarding indicates that more coins have been bought compared to the minted supply post-halving. Investors can be exposed to Bitcoin in many different ways. Grayscale Wants all […]