Bitcoin | Ethereum | Altcoin

2024-03-28 20:54:58 Hong Kong finance firm VSFG aims to launch spot bitcoin ETF as early as May

Venture Smart Financial Holdings Ltd., a Hong Kong-based financial services firm, has submitted its application for a spot bitcoin exchange-traded fund — and aims to launch the ETF as early as May. Brian Chan, group head of investment and products of VSFG, told The Block on Thursday that the team is hoping for a May launch “if all goes smoothly.” “But we're also keeping June in our sights just to be on the safe side,” Chan said.

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2024-03-27 18:01:04 Bitcoin price breaks out above $71,000, causing spike in short liquidations

The upward price trajectory of bitcoin over the past 24 hours has resulted in over $56 million worth of bitcoin short liquidations. There have been over $193 million in liquidations over the past 24 hours in the cryptocurrency market. Of these liquidations, the vast majority, around $129 million, were short positions. Bitcoin short positions took the largest share of the damage, with over $56 million in liquidations in the past 24 hours, according to Coinglass data.

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2024-03-25 21:10:00 $9 billion in Bitcoin options set to expire on March 29

Deribit data indicates that nearly $9 billion worth of Bitcoin (BTC) options are due to expire on March 29, the last Friday of the month, with the total open interest amounting to 133,914 BTC. The put/call ratio is reported at 0.80, signifying more calls in circulation compared to puts, and reflects bullish market sentiment — for every 100 calls, there are 80 puts. Call open interest stands at 74,213 BTC, outstripping put open interest, which totals 59,701 BTC.

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2024-03-24 22:35:00 Ki Young Ju Foresees Resurgence as Bitcoin Spot ETFs Slump

The spot Bitcoin ETF market has recently faced a period of subdued activity, coinciding with a decline in bitcoin’s price. Despite this, there are indications that a resurgence may be on the horizon, as highlighted by insights from CryptoQuant CEO, Ki Young Ju. Ju, a renowned analyst, has offered a nuanced perspective on the current state of the spot Bitcoin ETF market. He predicts a potential uptick in net flows for Bitcoin ETFs despite the ongoing downward trajectory of bitcoin’s price.

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2024-03-24 08:50:12 Bitcoin's Mining Landscape Braces for Shift as Halving Could Slash 100 EH/s of Hashpower

Based on a recent analysis, numerous outdated bitcoin mining devices likely powered up in response to the latest uptick in bitcoin’s value. However, with the anticipated block reward halving, it’s projected that around 100 exahash per second (EH/s) of computing power might be disconnected after the event.

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2024-03-23 20:09:56 JPMorgan Expects Bitcoin Pullback, Bernstein Ups Forecast to $90K

The market seems confused, as predictions for bitcoin price after halving have started to wildly fluctuate. Bitcoin (BTC), the leading digital asset, has encountered a pullback of over 10% from its all-time high, signaling a potential shift in market sentiment. Notably, Bloomberg reported on Friday that the demand for spot Bitcoin Exchange-Traded Funds (ETFs) has shown signs of moderation, adding to concerns about the BTC’s short-term outlook.

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2024-03-23 11:34:56 LAPD Recovers $6.9 Million Worth of Stolen Bitcoin Mining Rigs, Suspects in Custody

The Los Angeles Police Department (LAPD) has apprehended three individuals following the theft of bitcoin mining equipment valued at $6.9 million. The Commercial Crimes Division’s Cargo Theft Unit announced the retrieval of all stolen items. The event first came to light through coverage by KTLA, with local journalist Josh DuBose revealing the identities of the accused as 47-year-old Vardan Vardanyan, 36-year-old Vagarshak Vardanyan, and 34-year-old Samvel Pilovan.

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2024-03-22 21:24:57 Bitcoin on track for seven green months in historic performance streak

Bitcoin is poised to achieve a rare feat, closing seven consecutive months with gains, as reported by Glassnode. This streak, initiated in September 2023, echoes a previous record set between March and September 2012, marking only the second occurrence of such a streak in Bitcoin’s history. Notably, the scale of value differs significantly between these periods. In 2012, Bitcoin’s value increased from $4.89 to $12.37, marking a substantial price appreciation of approximately 153%.

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2024-03-22 11:28:58 Bitfinex CTO Paolo Ardoino talks Bitcoin price, ecosystem and scaling

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2024-03-21 20:04:57 BTC Price Rebounds Despite The Third Day of Outflows for Bitcoin ETFs

United States spot Bitcoin exchange-traded funds (ETFs) have experienced three consecutive days of total net outflows, with $261.5 million exiting the funds on March 20. According to Farside Investors data, the three-day net outflows have reached $742 million, as March 18 and 19 witnessed respective net outflows of $154.3 million and $326.2 million. On the other hand, BlackRock’s iShares Bitcoin Trust (IBIT) had its second-lowest net inflow day at $49.3 million, while the Fidelity Wise Origin Bitcoin Fund (FBTC) also had a relatively weak inflow day at $12.9 million.

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