Bitcoin News

2024-03-23 19:14:56 Bitcoin bearish bias remains strong

Bitcoin’s (BTC) attempt to recover and reclaim its all-time high above $73,000 is facing hurdles, with the asset currently trading below the $70,000 mark amid anticipation ahead of the halving event. Recent price movements have led to Bitcoin’s bearish price predictions, with a section of the market suggesting the outlook is part of the pre-halving retrace. For instance, cryptocurrency trading expert Alan Santana, in a TradingView post on March 23, warned investors to brace for a sell-off, noting that Bitcoin’s bearish bias remains strong.

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2024-03-23 12:34:56 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 21:28:57 Bitcoin Slips to $64K as Large Grayscale GBTC Outflows Continue

Volatility in crypto markets continued Friday, with bitcoin (BTC) tumbling below $63,000 at one point from the $67,000 area just hours earlier. A modest rebound since has taken the price back to the current $64,000, down 3.7% over the past 24 hours. The sell-off rippled through the market, with the broad CoinDesk 20 Index was lower by 4.4% over the same time frame, led by layer-1 network Solana's token (SOL) declining more than 10% at one point.

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2024-03-22 08:34:58 $30 Billion RIA platform Carson Group Vice President reveals they are seeing advisors allocate 3.5% of client households to spot Bitcoin ETFs

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2024-03-21 19:04:57 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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2024-03-21 10:49:58 Bitcoin Rallies Post-Fed Rate Announcement, Shorts Worth $151.69M Liquidated

The valuation of bitcoin (BTC) tapped the $68,000 mark merely 17 hours following its dip to $60,760 per unit. Following the latest Federal Open Market Committee (FOMC) session, the entire crypto market has seen a 5.9% upturn, with bitcoin rising 6.8% versus the U.S. dollar. Currently, the crypto market is bustling with a trading volume of $207 billion, with BTC trades contributing $72.93 billion to this figure. BTC now hovers slightly beneath the $68,000 benchmark, trading at $67,432 per unit at 6:55 p.m. ET.

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2024-03-20 21:28:58 Coinbase CEO says they're the custodian for ~90% of US spot Bitcoin ETF assets

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2024-03-20 11:00:00 Institutions look to deploy Bitcoin as liquidity to Lightning Network to earn yield

Bitcoin Lightning Network liquidity provider LQWD Technologies has partnered with Amboss Technologies to establish further institutional liquidity on Lightning. The collaboration positions LQWD to contribute liquidity to Amboss’s marketplace, enabling the fulfillment of market demand for Lightning Network liquidity while generating a yield on LQWD’s Bitcoin holdings.

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2024-03-19 18:40:00 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 10:25:00 $100K to $150K — Traders Target Six-Figure Heights With Long-Dated Bitcoin Call Options

Recent data reveals a significant uptick in open interest for bitcoin futures and options across various trading platforms in recent weeks. On Monday, insights from QCP Capital indicated a notable interest in long-term September and December bitcoin calls, aiming for the lofty six-figure price brackets.

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