Crypto | Bitcoin | Blockchain

2024-03-21 09:39:58 First back-to-back net outflows for Bitcoin ETFs since late January due to $443 million GBTC outflow

Bitcoin ETFs saw a second day of outflows on March 19, the first instances of back-to-back outflows since Jan 25. Net outflows totaled $362 million, with Grayscale accounting for all outflows at $443 million. Most funds saw no net movement, with BlackRock, Fidelity, and Bitwise seeing inflows, according to Bitmex Research. BlackRock recorded just $75 million, Fidelity $39 million, and Bitwise $2.5 million in inflows on a rare poor performance day for the record-breaking Newborn Nine.

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2024-03-20 18:54:39 Bitcoin ‘extreme greed’ ends matching sentiment from ETF launch at $46k

After 13 days in an ‘extreme greed’ phase of Bitcoin euphoria, the drop to $61,000 has pushed investor sentiment back into plain ‘greed,’ according to Coinglass. As of press time, Bitcoin is trading at $63,700, just 13% down from its all-time high. At a level of 74 out of 100 on the fear and greed index scale, current sentiment aligns with the optimism shared by the market ahead of the expected spot Bitcoin ETF approvals at the start of January.

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2024-03-20 08:44:59 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 MicroStrategy now holds over 1% of bitcoin's total supply after latest purchase

Michael Saylor's MicroStrategy acquired 9,245 more bitcoins for $623 million in cash, increasing its total bitcoin holdings to 214,246 BTC. With this latest purchase, the company now holds over 1% of the total bitcoin supply, comprising 21 million coins. MicroStrategy's latest acquisition took place between Mar. 11 and Mar. 18 at an average price of $67,382 per bitcoin, including fees and expenses, the business software company said Tuesday.

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2024-03-19 10:19:59 Predicting Bitcoin's Bull Run Values: Plan B's S2F Model and Ledn CIO's $92,000 Target

As bitcoin hovers around the $67,000 mark on March 18, 2024, there’s still widespread speculation about the potential for its price to climb even higher. The analyst Plan B continues to shed light on his well-known stock-to-flow (S2F) model, which suggests that “exponential growth” is expected to “continue.”

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2024-03-18 19:45:00 Standard Chartered raises Bitcoin price target to $150,000 by year-end

Standard Chartered Bank has raised its bitcoin price prediction target to $150,000 from its previous estimate of $100,000. "For 2024, given the sharper-than-expected price gains year-to-date, we now see potential for the BTC price to reach the $150,000 level by year-end, up from our previous estimate of $100,000," Standard Chartered Bank analysts led by Geoffrey Kendrick wrote in a report on Monday.

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2024-03-17 21:20:01 Bitcoin Miners Near Final Month Before Reward Halving Slashes Revenues

There are 34 days left until the Bitcoin network’s halving event, expected on or around April 20, 2024, which will reduce miners’ rewards by half. Bitcoin’s price has remained above $60,000 throughout March, reaching close to $74,000 on March 14. Between onchain fees and the price increase, these factors could offset revenue losses from the halving for miners. However, the halving will make mining much less profitable, particularly for those with high operational costs, potentially leading some to cease operations.

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2024-03-17 13:20:23 Bitcoin Hashrate reached a new ALL TIME HIGH of 636,000,000,000,000,000,000 hashes/s this week

Miners won't and can't stop bringing hash online ahead of the halving!

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2024-03-16 21:20:00 US Bitcoin ETFs are a ‘monumental milestone’ says Coinbase UK CEO, while ETNs in the UK are a ‘positive step’

The upcoming availability of crypto exchange-traded notes is a positive step forward for the UK, according to Coinbase UK CEO Daniel Seifert. Seifert said that he discussed crypto ETNs with the UK’s Economic Secretary to the Treasury Bim Afolami, who spoke at a recent Coinbase event. At the time, Seifert said how they would be helpful for the industry and for the UK as a crypto hub.

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2024-03-16 11:44:59 Ether spot ETF end of May approval odds plummet to 28% on Polymarket

Prediction markets on Polymarket currently estimate the likelihood of approval for a spot ether ETF by the end of May to be 28%. This marks a significant decrease from the odds of 74% on Polymarket on January 10, when spot bitcoin ETFs were approved. Since the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin ETFs in January, attention has turned to whether the agency could authorize spot ether ETFs next. So far, asset managers, including BlackRock and Fidelity, have filed applications.

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