• CRYPTO NEWS • #BTC • #ETH •

2024-02-11 09:10:54 Bitcoin Prices Surge Past $48,000 As ETF Demand Drives Gains

Bitcoin prices rallied today, climbing north of $48,000 as strong demand for bitcoin exchange-traded funds fueled compelling gains in the world’s most prominent digital currency. The cryptocurrency reached roughly $48,060.00 this afternoon, CoinMarketCap figures show. At this point, it had climbed more than 6% over the last 24 hours and was trading at its highest price in almost a month, additional Coinbase data reveals.

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2024-02-10 23:28:59 JPMorgan: 78% of Institutional Traders Surveyed Have No Plans to Trade Crypto

Global investment bank JPMorgan has published the results of its annual e-trading survey for this year. The survey was conducted between Jan. 8 and Jan. 22, with the participation of 4,010 institutional traders from over 65 countries. One of the questions asked in the survey was “Which option best describes your institutional work with crypto/digital coins?” 78% of traders said they “have no plans to trade crypto/digital coins” while 9% said they are currently trading them.

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2024-02-10 08:46:03 Over 92% of Bitcoin supply now profitable as price soars past $47,000

Bitcoin’s recent surge past $47,000 is accompanied by a notable development — over 92.5% of its circulating supply is now in profit. The figure represents the percentage of existing coins whose price at their last movement was lower than the current price. Bitcoin’s previous peak at $49,000, just above 93% of the supply was in profit, reflecting a correlation between the digital currency’s price increase and the percentage of its supply in profit.

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2024-02-09 20:21:26 Ether call options concentrate at $4,000 for June expiry on Deribit

The largest cluster of ether call options for June's expiry date is concentrated at a strike price of $4,000, according to Deribit data. Deribit Chief Commercial Officer Luuk Strijers shared charts with The Block that showed a notable grouping of ether call options at this strike price. “As you can be see from Deribit data, the $4,000 strike is the largest of both June and September expiries. We don’t have the May expiry tradable yet so can only look at June versus April for ether," Strijers said.

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2024-02-09 10:21:11 Bitcoin's Hashrate Hits Record 609 EH/s, Powering Through to New Peaks Amid Price Surge

Bitcoin’s computational power soared to unprecedented heights this week, climbing to 609 exahash per second (EH/s) on Thursday, as per the seven-day simple moving average (SMA). Over the last year, figures reveal a staggering increase in Bitcoin’s hashrate, surging by 332 quintillion hashes per second.

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2024-02-08 21:09:59 BlackRock, Fidelity Bitcoin ETFs Have a Liquidity Edge Over Grayscale: JPMorgan

BlackRock (BLK) and Fidelity spot bitcoin (BTC) exchange-traded funds (ETFs) already have an advantage over Grayscale when it comes to certain liquidity metrics linked to market breadth, JPMorgan (JPM) said in a research report Wednesday. Grayscale charges the most among spot bitcoin ETF issuers. It dropped its 2% management fee to 1.5% as part of its conversion to a spot bitcoin ETF, but is still much more expensive than rival offerings.

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2024-02-08 08:59:59 Bitcoin Miner Hut 8 Shares Slide as CEO Departs Weeks After Short-Seller Report

The shares of bitcoin miner Hut 8 (HUT) fell as much as 8% on Wednesday, after CEO Jamie Leverton left the company just weeks after the firm was hit by a short-seller report. The miner said Leverton, who served as CEO for three years, will be succeeded by the company's president, Asher Genoot, effective immediately. Genoot co-founded U.S. Bitcoin Corp. (USBTC) and became president and director of Hut 8 in November after a merger with USBTC.

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2024-02-07 21:19:59 Ethereum's Dencun Upgrade Reaches Final ‘Holesky’ Testnet, Starting Countdown to Data 'Blobs'

The final dress rehearsal for Ethereum’s upcoming Dencun upgrade occurred Wednesday, as the blockchain's biggest changes in almost a year took place on the Holesky test network. The test simulated “proto-danksharding,” a technical feature aimed at reducing the cost of transactions for rollups as well as making data availability cheaper, through the introduction of “blobs,” a new compartmentalized space for storing data.

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2024-02-07 19:36:48 Join the Elite Trading Community at @ChartsSignalsTrading!

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