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2024-03-09 09:45:12 Bitcoin sees violent volatility after hitting new ATH second time in a week

Bitcoin hit a new all-time high for the second time this week and once again experienced a violent sell-off that erased its gains and stirred memories of past volatilities in the crypto space. However, the jubilation was short-lived as a wave of sell pressure engulfed the market, driving the price down by more than 3% to a low of $66,500 in less than an hour. The wider crypto market experienced similar volatility.

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2024-03-08 19:55:32 Spot bitcoin ETF holdings on track to surpass GBTC today

The nine recently approved spot bitcoin exchange-traded funds in the United States are on track to surpass the Grayscale Bitcoin Trust's holdings today. According to K33 Research senior analyst Vetle Lunde, GBTC held 400,186 bitcoins as of yesterday, while the "newborn nine" U.S. spot bitcoin ETFs held 397,847 coins. They also noted that yesterday's net inflow was 6,965 bitcoins. If this continues, they will outgrow GBTC.

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2024-03-08 11:15:21 Bitcoin call options cluster at $70,000 shows bullish skew, analyst says

Bitcoin options are signaling bullish sentiment, evidenced by the strike positioning and put-call ratio for March's end-of-month expiry, according to one analyst. "Since the recent ascent of bitcoin to a new all-time high, the highest instruments traded by volume are monthly and mid-month expiry call options with a strike price of $70,000," Bitfinex Head of Derivatives Jag Kooner told The Block.

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2024-03-07 20:00:00 Bitcoin miner revenue records second-best day in history

Bitcoin miner revenue recorded its second-best day in history on March 6, a day after the Bitcoin price hit a new all-time high above $69,200. Daily Bitcoin miner revenue reached $75.9 million on March 6, according to an X post by Julio Moreno, head of research at CryptoQuant. The revenue surge came the same day as Bitcoin miner Hut 8 announced the closure of its mining site in Drumheller, Alberta, Canada, with immediate effect due to power disruptions and surging energy costs.

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2024-03-07 12:10:22 Spain bans Worldcoin for up to three months amid broader investigation

Worldcoin has been banned in Spain for up to three months as the country’s data protection watchdog continues its investigation into the cryptocurrency project co-founded by Sam Altman. In a statement on Wednesday, Spanish data protection agency AEPD announced that it has ordered a precautionary measure against Tools for Humanity Corporation. The company, the core developer behind Worldcoin, has a business model that involves scanning people’s irises in exchange for cryptocurrency.

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2024-03-06 19:45:31 Binance temporarily suspends Solana network withdrawals, citing ‘increased volume’

Binance, the world’s largest cryptocurrency exchange, has intermittently suspended withdrawals to the Solana network due to an “increased volume of transactions.”. “Withdrawals on the Solana (SOL) network have been intermittently suspended since 2024-03-04 due to the increased volume of transactions on the network. Binance has identified some areas for optimization and is working to provide a stable and long-term solution.

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2024-03-06 10:50:14 Coinbase counters use of default judgment ruling in SEC lawsuit

Coinbase is countering the Securities and Exchange Commission's efforts to leverage a decision from an insider trading case to bolster the agency's lawsuit against the cryptocurrency exchange. Coinbase hit back after the SEC a day earlier said it wanted to inform the court of a default judgment made last week by another court. That ruling said that the trading of certain crypto assets on secondary markets constitutes securities trading.

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2024-03-05 21:31:10 Coinbase surges into Apple App Store top 100 for first time in two years

Crypto exchange Coinbase has surged back into the U.S. Apple App Store top 100 for the first time in more than two years. The app jumped from a ranking of 163th on Sunday to 98th yesterday as the price of bitcoin approached all-time highs. It has since leaped back into the top 50 — currently ranking at 49th — according to The Block’s data dashboard. Coinbase started the year ranking at 489th but has risen sharply alongside gains for bitcoin and the broader cryptocurrency market.

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2024-03-04 23:25:00 Crypto investment products near all-time high with $1.84 billion weekly net inflow

Crypto-related investment products saw significant inflows last week, totaling $1.84 billion—this year’s second-largest weekly inflows—according to CoinShares’ latest weekly report. This significant inflow was also matched by a record trading volume of more than $30 billion during the same period, which at times represented 50% of global Bitcoin daily trading volumes on trusted exchanges.

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