Category: Bitcoin

14
Jun
2024
Posted in Bitcoin

The Value of Bitcoin Layer 2 TVL Exceeds $2 Billion

The total value locked (TVL) of the bitcoin scaling solutions market has increased by 105% over the last 30 days. In the past month, Bitlayer’s iTVL has increased 720% to…

14
Jun
2024
Posted in Bitcoin

To obtain more bitcoin, MicroStrategy suggests a $500 million convertible note sale

The business intelligence company MicroStrategy, which also owns corporate bitcoin, is looking to raise $500 million through the issuance of convertible senior notes, with the opportunity to purchase an additional…

14
Jun
2024
Posted in Bitcoin

Riot Platforms raises its stake in Bitfarm to 14% by acquiring an additional $3.87 million worth of shares

Bitcoin miner Riot Platforms said early on Thursday night that it has purchased an additional 1,432,063 Bitfarms shares for roughly $2.70 per share, or roughly $3.87 million. At the moment,…

13
Jun
2024
Posted in Bitcoin

Bitcoin miners gain 10% as a result of Trump’s pledge to support US miners

The stocks of bitcoin (BTC) mining companies surged by double digits on Wednesday, one day after US presidential contender Donald Trump pledged to support the nation’s mining industry. Trump said…

10
Jun
2024
Posted in Bitcoin

Bitcoin’s rebound to $71K would erase shorts of $1.38 billion

In the event that Bitcoin swiftly recovers from its current decline to its June 6 price of $71,000, short positions worth over $1 billion will be closed. The United States…

07
Jun
2024
Posted in Bitcoin

Aiming for $100,000 by year’s end, Mike Novogratz sees growing political support for cryptocurrencies in the US

Novogratz Projects a $100K Bitcoin Price Mike Novogratz, the CEO of Galaxy Digital, stated his prediction for the price of bitcoin. He clarified that bitcoin might reach a record high…

06
Jun
2024
Posted in Bitcoin

Over 86% of the Bitcoin Holdings of Global Bitcoin ETFs are held by US Bitcoin ETFs

US Bitcoin ETFs are attracting a lot of attention from investors; their growth is still steady, and their impressive inflows indicate a significant change in the dynamics of the market….

06
Jun
2024
Posted in Bitcoin

Traders of Bitcoin Options Forecast an Imminent Breakout Above $74K to New High Prices

According to market data, traders of Bitcoin (BTC) options are progressively positioning themselves for the currency to reach new highs this month. In a market update on Wednesday, digital asset…

06
Jun
2024
Posted in Bitcoin

Bitcoin ETFs Continue Their Winning Inflow Trend; BlackRock’s IBIT Exceeds $20B in Total Assets

Yesterday, the U.S.-based spot bitcoin ETFs had net inflows for 15 straight sessions. BlackRock’s iShares Bitcoin Fund (IBIT) reached over $20 billion in assets under management for the first time,…

06
Jun
2024
Posted in Bitcoin

Bitcoin Holdings in El Salvador Now Amount Above $400 Million

El Salvador is firmly establishing itself as the world’s pioneering adopter of Bitcoin. According to Bitcoin Magazine, the country in Central America is a true pioneer in the integration of…

05
Jun
2024
Posted in Bitcoin

After 11 years, a $13.87 million move in sleeping bitcoins is revealed, exposing a 2013 whale

Investing $200 in Bitcoin Shows Past Transactions From 2013 A bitcoin (BTC) owner who started investing in the currency in early 2013 spent $200 BTC on Monday, which, according on…

04
Jun
2024
Posted in Bitcoin

Long-term Bitcoin holders start building again for the first time since December: Bitfinex

Long-term Bitcoin (BTC) holders have started to accumulate again, indicating a change in market dynamics, per the most recent “Bitfinex Alpha” report. According to Bitfinex’s analysts, there has been a…

04
Jun
2024
Posted in Bitcoin

Tuesday marks the launch of the first Bitcoin ETF in Australia

The ETF, which is represented by the symbol IBTC, will have a 0.98% management fee. The fund’s issuer, Monochrome Asset Management, makes it available to investors so they can use…

04
Jun
2024
Posted in Bitcoin

Trading Veteran Forecasts September 2025 as the Peak for Bitcoin to Reach $150,000

This forecast is based on past trends in the market cycles of Bitcoin, particularly those associated with its “halving” events. Events of Bitcoin Halving: A Symmetric Cycle Brandt highlights the…

01
Jun
2024
Posted in Bitcoin

$70 million is raised for the Bitcoin staking protocol Babylon by Paradigm

The venture capital firm Paradigm spearheaded the $70 million fundraising campaign for the Bitcoin staking protocol Babylon. According to a press statement from the company, additional investors in the round…

30
May
2024
Posted in Bitcoin

Metaplanet Acquires An Additional $1.6 Million in Bitcoin Holdings

With an additional acquisition of $1.6 million USD, Metaplanet expands its holdings of Bitcoin. The business intends to make additional acquisitions and sees Bitcoin as its main treasury reserve. Recently,…

30
May
2024
Posted in Bitcoin

Approval of the Spot Bitcoin ETF alters voter preferences for investments, favoring cryptocurrencies: Grayscale

The study identified a number of characteristics influencing interest in Bitcoin. These include world affairs, concerns over inflation, and the increasing legitimacy of Bitcoin. According to the survey, voters have…

30
May
2024
Posted in Bitcoin

The price of bitcoin drops below $68,000 after a $9.6 billion transfer from the Mt. Gox cold wallet

Bitcoin’s value dropped below $68,000 after a significant transfer from a cold wallet at Mt. Gox. According to information from Arkham Intelligence, Mt. Gox looked to have moved bitcoin worth…

28
May
2024
Posted in Bitcoin

1 million BTC, or 5% of the total supply, is now held via Bitcoin ETFs

Leading this industry with significant Bitcoin holdings are Grayscale and BlackRock, demonstrating the growing institutional interest in cryptocurrency investments. Bitcoin ETFs Contain More Than $1 Million in BTC ETF holdings…

27
May
2024
Posted in Bitcoin

Over the course of two weeks, US Bitcoin spot ETFs receive $2 billion in net inflows

Over the last two weeks, investors have poured about $2 billion into US spot Bitcoin exchange-traded funds (ETFs), according to Farside data. Additionally, these funds had net inflows for ten…