Bitcoin Magazine

2024-04-16 21:10:36 Bitcoin ETFs Are Driving a Spot Multiplier Effect, Canaccord Says

While there has been a lot of noise about how much assets under management (AUM) bitcoin (BTC) exchange-traded funds (ETFs) are attracting, it is now becoming obvious that these ETFs are driving additional demand for the underlying cryptocurrency itself, broker Canaccord Genuity said in a research report on Monday. The broker held its 2024 Digital Assets Symposium last Thursday and hosted leaders from 29 crypto-related companies.

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2024-04-16 10:30:40 Bitcoin sees record fees in 2024 as halving approaches

As the Bitcoin halving draws near, Bitcoin activity is witnessing a significant uptick in fees and hash rate. On April 12, Bitcoin recorded its highest one-day fees in 2024, reaching an impressive $11 million. CryptoSlate reported on April 10 that this fee surge had gradually increased since early April. Interestingly, Bitcoin and Ethereum fees are starting to converge, with a difference of just $190k on April 14. Ethereum fees on April 14 hit $5 million, the lowest amount since Feb. 5.

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2024-04-15 18:40:24 Bitcoin back above $66k after weekend of panic selling

The digital asset ecosystem experienced a shaky weekend, with Bitcoin plummeting to around $65,000 from its $70,000 trading price on Friday, April 12. The downward trend continued into the weekend, with Bitcoin further declining to $60,800 amidst geopolitical tensions in the Middle East on Saturday evening. However, following a reduction in tension and the approval of Hong Kong ETFs Bitcoin has recovered back above $66,000.

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2024-04-15 08:30:51 The strong demand Bitcoin is seeing is due to US-listed ETFs and accredited custody options, the upcoming halving and Bitcoin's performance as a hedge against inflation, says Anthony Scaramucci

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2024-04-14 08:50:37 Paying for Starbucks with Bitcoin in El Salvador

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2024-04-13 18:40:26 Bitwise reveals spot Bitcoin ETFs outperformed pre-release predictions by a significant margin

Spot Bitcoin exchange-traded funds (ETFs) surpassed several predictions about their assets as their collective assets under management (AUM) hit $59.1 billion within the first three months of the year, Bitwise revealed in a research report on April 11. JP Morgan and Bitcoin investment management firm NYDIG anticipated that spot Bitcoin ETFs could achieve an AUM of $36 billion and $30 billion by the year’s end. Meanwhile, Matrixport predicted the ETF would garner an AUM between $24 billion and $50 billion by Dec. 31, 2024.

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2024-04-10 09:35:16 JUST IN: US Senator Cynthia Lummis says high ranking government officials feel threatened by Bitcoin because they can’t control it

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2024-04-09 21:12:01 Ark Invest's ETF Holds Unique 'Bitcoin Puppet' NFT Worth Over $27,000

Several spot bitcoin ETFs boast inscriptions within their portfolios, and on Monday, the X account linked to Ord.io revealed that Ark Invest’s ARKB ETF includes a “Bitcoin Puppet” NFT among its assets. This collection consists of 10,001 unique digital puppets, with the base price for one currently standing at 0.39 BTC, or $27,913. The “Bitcoin Puppet” inscription in ARKB’s possession is numbered 53,159,523 out of a total of 67.99 million.

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2024-04-09 12:31:52 BTC halving to fuel ‘raging firesale of crypto assets’ — Arthur Hayes

The Bitcoin halving this month, combined with a “bag of tricks” from the Federal Reserve and Treasury, will “add propellant to a raging firesale of crypto assets” and depress the crypto market for weeks, says BitMEX co-founder Arthur Hayes. In an April 8 blog post, Hayes wrote he believed the Bitcoin halving would “pump prices in the medium term” but warned crypto prices “directly before and after could be negative.”.

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2024-04-08 21:04:53 Bitcoin ETF activity to remain robust until the halving: Santiment

Spot Bitcoin exchange-traded fund (ETF) flows are likely to remain high until the Bitcoin halving later this month, according to on-chain analytics firm Santiment. The blockchain data firm observed that Bitcoin ETF volume hasn’t slowed since the asset hit an all-time high in mid-March, adding, “Trader activity is still notably higher than the turning point that began in late February after an influx of individual trading began” in a post on X on April 8.

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