Crypto Market Time

2024-02-23 20:01:50 Ether ETFs Unlikely to Cause a 'Bubble,' Traders Say

Ether (ETH) spot-exchange traded funds (ETFs) may increase institutional investment and power the world’s most-used blockchain, but is unlikely to create euphoric price surges, some market observers opined. Last week, Ethereum’s native token crossed the $3,000 mark for the first time since April 2022, rising 15% in a week and beating bitcoin’s relatively modest 8% rally in the same period.

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2024-02-23 10:51:04 Worldcoin surges 40% in 24 hours, leadership hints "major announcements" coming

Worldcoin's wild ride continued unabated on Thursday, with the project's token surging approximately 40%, marking a price increase of over 300% in the past month. Trading at its highest price ever, WLD changed hands at $8.86 as of 11:13 a.m. ET on Thursday. That has helped the token achieve another milestone; a total market cap of $1 billion based on circulating supply.

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2024-02-22 21:05:00 Bitcoin ETF Approval Comparable to 'Naked Emperor’s New Clothes,’ ECB Officials Say

The U.S. securities watchdog's approval of multiple funds and the billions of dollars that have poured in since doesn’t change the fact that bitcoin is an all-around lousy investment and clunky means of payment, ECB Director General for Market Infrastructure and Payments Ulrich Bindseil and Advisor Jürgen Schaaf wrote in a Thursday blog post. Meanwhile, the ECB has been heads down on building and promoting a digital euro – a trusty central bank-issued currency that could offer a secure alternative to rogue private crypto.

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2024-02-22 12:31:36 Bitcoin spot ETF trading volume hits multi-week high as bull market 'in play'

The daily trading volume for combined U.S.-based spot bitcoin exchange-traded funds has reached its highest level since mid-January. On Tuesday, total daily trading volume across all eleven spot bitcoin ETFs reached a multi-week high of $2.58 billion, according to The Block's data. BlackRock's iShares Bitcoin ETF (IBIT) recorded the highest volume at $623.89 million, with Grayscale's converted GBTC fund in second place at $619.76 million.

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2024-02-21 17:36:22 Bitcoin ETFs attract more than $5 billion in net inflows since market debut

The financial landscape of Bitcoin ETFs saw considerable inflows on Feb. 20, as reflected in recent data from BitMEX, with an influx of $136 million, the equivalent of 2,606 BTC. BlackRock IBIT is at the helm, with an additional inflow of $154 million, raising BlackRock IBIT’s total net inflows to an impressive $5.5 billion. BitMEX data shows that GBTC experienced a significant outflow of $137 million, pushing their total net outflows to a staggering $7.1 billion.

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2024-02-20 19:52:00 Hong Kong's Central Bank Issues Guidance for Firms Offering Crypto Custodial Services

Hong Kong's central bank issued guidance for authorized institutions interested in offering custody services for digital assets as the territory attempts to reclaim its title as a crypto hub. The Hong Kong Monetary Authority (HKMA) guidance issued Tuesday adds to the licensing regime introduced last year that gives crypto exchanges a pathway to operate in a regulated manner.

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2024-02-20 08:35:34 Ethereum price approaches $3k amidst spot ETF anticipation, Dencun upgrade

The price of Ethereum (ETH) approached $3,000 on Feb. 19 amidst anticipation concerning developments that are expected to occur in the coming months. As of 8:35 pm UTC, ETH was priced at $2,937 with a market capitalization of $352.96 billion. That change represents 4.12% growth over 24 hours — significantly greater than Bitcoin’s 0.4% gains over the same period and also greater than the crypto market’s overall 1.2% gains.

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2024-02-19 21:06:55 Grayscale’s GBTC Outflows Hit $7B Amidst Recovery, But ‘Bleeding’ to Continue

GBTC’s Bitcoin holdings have declined to 456,034 BTC. Grayscale GBTC’s outflows have been experiencing outflows. Data shows that as of February 16th, the total funds withdrawn from GBTC since its conversion to a spot Bitcoin ETF have amounted to $7 billion. While the figure appears to be slowing down considerably, the once-premier fund is seeing stiff competition from ETFs by BlackRock and Fidelity, which have grown their asset bases with inflows.

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2024-02-19 09:10:00 Bitcoin (BTC) Miners Goes on Selling Spree as Price Consolidates

Bitcoin miners are on a selling spree as the price of the premier digital currency is in a consolidation mode ahead of the halving. As the price of Bitcoin consolidates around $52,000, Bitcoin miners have resumed their selling spree. Data from the crypto analytics platform CryptoQuant shows that over the last ten days, Bitcoin miners have taken advantage of the upshot in the price of the flagship cryptocurrency.

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