Bitcoin News

2024-03-07 20:10:00 Bitcoin's Hash Price Soars as Average Network Fees Spike by 288%

According to the latest data, bitcoin has been trading above the $67,000 mark, with average network transaction fees experiencing a 288% increase from $3 to $11.64 since Feb. 25, 2024. Meanwhile, BTC has consistently stayed over the $60,000 level for eight straight days, elevating the daily value of one petahash per second (PH/s) of mining power to a seven-day high of $119 on March 4, 2024.

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2024-03-07 16:38:31 Sponge V2 is the next big meme coin by the original Sponge team with great utility including play to earn. Bridging from V1, it boasts a strong foundation with 11,300 holders. After V1's 10,000% surge, V2 aims for even higher.


Why choose Sponge V2 ?
Gain early access to a project with a previous track record of success in V1
Capped supply, so be one of the lucky ones to get in!
Earn tokens by staking your V2 and V1 tokens
Explore additional earning opportunities through play-to-earn gaming
Sponge V2 utilises LayerZero for cross-chain access to enhance usability


SPONGE V2 BUY NOW:
1. Visit Sponge.vip
2. Connect your wallet
2. Buy Sponge V2
3. Stake your V2 and V1 tokens
4. Check the staking V2 dashboard for your earnings. Open / Comment

2024-03-07 10:56:12 CEXs saw record-breaking trading volume as Bitcoin touched ATH

On Mar. 5, Bitcoin reached the all-time high it posted in November 2021, breaking through $69,000 in the late afternoon UTC. However, Bitcoin’s stint at its ATH was extremely brief and was quickly followed by a sharp 14% correction that pushed its price down to $59,300. In the early morning of Mar. 6, BTC regained some of its lost footing but struggled to stabilize at $66,000.

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https://t.me/Bitcoin_NewsTg Open / Comment

2024-03-06 19:57:10 BlackRock’s Bitcoin ETF Added a Record 12.6K BTC in Tuesday's Carnage

The BlackRock iShares Bitcoin ETF (IBIT) gobbled up over $778 million worth of bitcoin (BTC) on Tuesday as the fund's investors apparently bought the dip in the world's largest crypto. IBIT added 12,600 bitcoin, breaking previous daily highs of around 10,000. Data from Nasdaq show that the fund recorded trading volumes of more than 107 million shares, or over $3.6 billion price-weighted, surpassing the previous record high of $3.3 billion from last week.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-03-06 10:25:49 Spot Bitcoin ETFs record $10 billion in daily volume, breaking previous record

Spot Bitcoin ETFs have continued their record-breaking performance this week, recording over $10 billion in volume on March 5 — the highest since their launch in January. The previous record was set on Feb. 28, when the ETFs recorded a collective trading volume of approximately $7.7 billion.

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2024-03-05 22:16:35 Bitcoin price breaks above previous all-time high of $69,000 after 846 days

After a 28-month-long period and a top-to-bottom decline of 77%, the price of Bitcoin surpassed its previous all-time high of $69,000 today. It took the market-leading cryptocurrency a total of 846 days to retrace its steps. Bitcoin has appreciated approximately 346% since bottoming out above $15,000 in the latter quarter of 2022. This year alone, it has increased by roughly 70%.

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2024-03-04 21:15:00 Bitcoin breaches all-time high against euro and pound

Bitcoin BTC has hit an all-time high against the euro and pound. On Monday, the market-leading cryptocurrency reached all-time highs of €60,447 and £51,736 on Coinbase. The foremost digital asset has increased by almost 6% in the past 24 hours, changing hands for $65,163 at 5:34 a.m. ET. The Dollar Index, a key indicator of U.S. currency strength against six major rivals, displayed an upward trend last week. It has cumulatively gained 2.7% throughout January and February of 2023.

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https://t.me/Bitcoin_NewsTg Open / Comment

2024-03-04 12:50:00 Bitcoin bounces beyond $64,000 as records beckon

Bitcoin scaled a two-year high on Monday, breaking $64,000 as a wave of money carried it within striking distance of record levels. It touched $64,285 early in the Asian day, its highest since late 2021, and was last 2% firmer for the session at $63,850. Bitcoin's record high is $68,999.99 set in November 2021. The largest cryptocurrency by market value has gained 50% this year and most of the rise come in the last few weeks where trading volume has surged for U.S.-listed bitcoin funds.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-03-04 00:11:07 Spot Bitcoin ETFs May Offer Stability Amidst Unsustainable Funding Rates

The ongoing rally is challenging market expectations regarding the impact of spot Bitcoin ETF inflows, which were speculated to propel the leading asset to break all-time highs by the end of March. The rally is primarily driven by demand, evidenced by spot ETF volumes surpassing $3.2 billion and net inflows totaling $520 million. The rapid price increase has triggered short liquidations and sparked a speculative buying frenzy, causing funding rates to soar on native exchanges and even longer-end futures trading up to more than 16% over the spot.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-03-03 12:21:02 Bitcoin Mining Revenue Jumps to $1.39 Billion in February Despite Fee Decline

In February, bitcoin miners discovered a total of 4,446 blocks, amassing earnings of $1.39 billion, with $71 million of this sum coming from onchain transaction fees. The revenue from bitcoin mining in February rose by $40 million compared to January, though the amount collected from fees saw a decrease this month.

Source

https://t.me/Bitcoin_NewsTg Open / Comment