Bitcoin | Ethereum | Altcoin

2024-04-05 09:54:55 Bitcoin maintains gains despite bloodbath across crypto, equities after Minneapolis Fed comments

Bitcoin (BTC) surged 5% on April 4, briefly topping $69,400, despite a wider market rout in US equities, showcasing its growing status as a safe haven asset. As of press time, the flagship crypto was trading between $67,500 — giving up more than half its gains after the dollar index recovered from its decline earlier in the day. Total liquidations stood at $199.2 million over the past 24 hours, with longs accounting for more than half at $109.4 million. Meanwhile, Bitcoin-related liquidations amounted to $67.3 million, with shorts making up $41.8 million.

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2024-04-04 20:59:56 10 Spot Bitcoin ETFs Now Hold Over 507,000 BTC, Securing 2.57% of Circulating Supply

On Wednesday, the U.S. spot bitcoin exchange-traded funds (ETFs) saw a modest uptick in positive inflows, amassing a total of $113.5 million across a trading volume of $2.31 billion. The group of ten spot bitcoin ETFs, excluding Grayscale’s Bitcoin Trust GBTC, now encompasses 507,472.89 BTC or 2.57% of the total circulating supply of 19.67 million bitcoins.

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2024-04-03 08:49:57 Hut8 Mining CEO says Bitcoin’s coming halving will be on a ‘different scale’

Hut 8 Mining CEO Asher Genoot said the coming Bitcoin halving will be on a “different scale” in terms of impact on the mining industry. Genoot said during an interview with Bloomberg on April 2 that large scale miners must become “low-cost operators” to ensure they can survive the turbulent market conditions post-halving. Genoot added that this is a core part of Hut8’s strategy as evidenced by strong balance sheet with a substantial Bitcoin reserve of approximately 9,100 BTC, worth around $600 million as of press time.

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2024-04-02 20:19:58 Long-Term Bitcoin Holders Begin ‘Taking Chips Off the Table’ at Record Highs, Analysis Shows

Glassnode’s 13th weekly 2024 onchain analysis indicates a strategic shift among bitcoin investors as the digital asset reached a new peak, with long-term holders beginning to realize profits. The report shows a significant $2.6 billion per day in realized profits, highlighting a common response to reaching resistance levels at new ATHs. This trend aligns with historical patterns observed in previous cycles, where similar behaviors were noted among the investor cohort.

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2024-04-02 07:04:57 Bitcoin Miners' Earnings Hit Record $2 Billion in March Ahead of Halving Event

In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past month.

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2024-04-01 19:14:58 Tether becomes seventh largest Bitcoin holder with recent $618 million purchase

Tether (USDT) is now the seventh-largest Bitcoin holder globally, following its purchase of more than 8,000 BTC in the past day, according to Bitinfocharts data. On-chain data shows that the stablecoin issuer received approximately 8,889 BTC, valued at around $618 million, from a Bitfinex hot wallet on March 31. This purchase amplified Tether’s total Bitcoin holdings to approximately 75,354 BTC, valued at $5.23 billion. Tether now owns 0.3% of the flagship digital asset’s total circulating supply.

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2024-03-30 18:44:59 Bitcoin Futures Open Interest Hits Record $37.55 Billion With CME Leading the Pack

On Friday, March 29, 2024, the combined open interest in bitcoin futures reached a new all-time peak of $37.55 billion. This uptick occurs amid buoyant bitcoin markets and a growing attraction from institutional investors. Since the close of 2023, interest in bitcoin (BTC) derivatives has escalated, reaching new peaks. As of 1:25 p.m. Eastern Time on Friday, data from coinglass.com reveals that BTC futures boast an open interest (OI) of $37.55 billion, equivalent to approximately 539,430 BTC.

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2024-03-29 21:50:00 Bitcoin ETFs surpass $12 billion in net inflows as GBTC selling slows

BitMEX data shows that the Bitcoin (BTC) exchange-traded funds (ETFs) witnessed another day of net inflows on March 28, totaling $183.0 million, equivalent to 2,587.9 BTC. This marks the fourth consecutive day of inflows. While the Grayscale Bitcoin Trust (GBTC) experienced outflows of $104.9 million, equivalent to 1,482.8 BTC, this figure represents the smallest outflow since March 12, potentially indicating a sales pressure slowdown. Despite the outflows, GBTC has now seen a total of $14,767.6 billion, equivalent to 283,937 BTC in outflows, according to BitMEX.

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