Bitcoin | Ethereum | Altcoin

2024-03-21 10:09:59 Bitcoin Rallies Post-Fed Rate Announcement, Shorts Worth $151.69M Liquidated

The valuation of bitcoin (BTC) tapped the $68,000 mark merely 17 hours following its dip to $60,760 per unit. Following the latest Federal Open Market Committee (FOMC) session, the entire crypto market has seen a 5.9% upturn, with bitcoin rising 6.8% versus the U.S. dollar. Currently, the crypto market is bustling with a trading volume of $207 billion, with BTC trades contributing $72.93 billion to this figure. BTC now hovers slightly beneath the $68,000 benchmark, trading at $67,432 per unit at 6:55 p.m. ET.

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2024-03-20 20:49:58 US spot Bitcoin ETFs surge past $150 billion in cumulative trading volume

Cumulative trading volume for U.S. spot bitcoin exchange-traded funds surpassed $150 billion on Tuesday, less than 10 weeks after the Securities and Exchange Commission approved ETFs from BlackRock, Fidelity, and Bitwise, among others. Spot bitcoin ETF cumulative trading volume has increased by $50 billion since March 8 alone — when total volume first reached the $100 billion mark — to hit $151.4 billion by the close of trading yesterday, according to The Block’s data dashboard.

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2024-03-20 09:44:59 Bitcoin Halving Is a ‘Show Me the Money’ Moment for Miners

The notorious phrase from 1996’s “Jerry Maguire” movie is on the lips of investors watching the state of the Bitcoin mining market as it faces its next crunch point: April's Bitcoin Halving. Mining, an integral part of securing the bitcoin network, requires a lot of capital to operate profitably. And now, after a brutal crypto winter and with the upcoming halving next month, many investors have turned sour on what once was an outrageously profitable business, drying up capital for the miners.

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2024-03-19 19:40:00 BlackRock Managing Director says spot bitcoin ETFs are satisfying 'pent-up demand'

Spot bitcoin ETFs are helping to meet demand for bitcoin, which had been building up for a while, according to BlackRock Managing Director Tony Ashraf. "What we're really seeing over the past couple of months is that pent-up demand being satisfied because of the ETFs," said Ashraf on a panel about bitcoin ETFs at the Digital Asset Conference in London. Ashraf noted that new investors are entering the crypto space because ETFs are providing a newer level of access to many investors.

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2024-03-19 08:35:00 $100K to $150K — Traders Target Six-Figure Heights With Long-Dated Bitcoin Call Options

Recent data reveals a significant uptick in open interest for bitcoin futures and options across various trading platforms in recent weeks. On Monday, insights from QCP Capital indicated a notable interest in long-term September and December bitcoin calls, aiming for the lofty six-figure price brackets.

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2024-03-18 18:31:08 Spot bitcoin ETFs reach record highs for weekly inflows and trading volume

Weekly net inflows and trading volume for U.S. spot bitcoin exchange-traded funds hit record levels last week as bitcoin reached fresh all-time highs before retreating sharply. Net inflows for the ten spot bitcoin ETFs combined reached $2.57 billion last week — up 15 % from the $2.24 billion worth of inflows generated the week prior — according to data from BitMEX Research and Farside Investors.

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2024-03-17 22:35:00 Unveiling 'Mr. 100' — The Mystery Bitcoin Wallet Linked to Upbit's Cold Storage

In the last two months, the crypto community has been buzzing about a wallet affectionately named ‘Mr. 100.’ This moniker originates from its pattern of receiving 100 bitcoin deposits every few days, leading to speculation that it might belong to a wealthy individual from the Middle East. However, onchain analysts from Arkham Intelligence suspect that this wallet is actually the cold storage of Upbit, a major South Korean cryptocurrency exchange.

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2024-03-17 12:25:19 $200B Financial Group Cetera Approves 4 Spot Bitcoin ETFs on Its Platform

Cetera Financial Group, a platform with $475 billion in assets under administration and $190 billion in assets under management, has approved four U.S. spot bitcoin exchange-traded funds (ETFs) for use in brokerage accounts on its platform. “We are prudently embracing bitcoin ETFs and we prioritized developing this important guidance to help our financial professionals implement these products in client portfolios,” said Cetera’s head of investment products.

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2024-03-16 18:50:00 Vanguard’s outgoing CEO sticks to anti-Bitcoin ETF stance, despite inquiries

The Vanguard Group CEO, Tim Buckley, has maintained his strong opposition to Bitcoin exchange-traded funds (ETF) despite facing criticism from customers and ongoing inquiries about the firm’s plans to offer them. In a recent video published by Vanguard, Buckley cautioned against including Bitcoin ETFs in retirement investment plans due to the asset’s volatile nature. “When stocks got hammered in the recent crisis, Bitcoin went right with them. And so it is speculative.

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2024-03-16 09:50:00 Bitcoin futures basis is a bullish indicator for the market, analyst says

The bitcoin futures basis, the difference between the futures and spot price, has increased to levels not seen since the digital asset's previous all-time high of over $68,000 in late 2021. Strijers said that the disparity between the spot price of bitcoin and its futures price reflects the growing market momentum since the approval of ETFs in January and the expectations regarding the impact of the bitcoin halving.

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