Bitcoin News

2024-03-03 12:21:02 Bitcoin Mining Revenue Jumps to $1.39 Billion in February Despite Fee Decline

In February, bitcoin miners discovered a total of 4,446 blocks, amassing earnings of $1.39 billion, with $71 million of this sum coming from onchain transaction fees. The revenue from bitcoin mining in February rose by $40 million compared to January, though the amount collected from fees saw a decrease this month.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-03-02 22:21:36 Hong Kong’s CSOP Bitcoin Futures ETF Sees 5-Fold Surge in Assets Amid BTC Rally

CSOP Asset Management, a capital market firm in Hong Kong, disclosed in an interview with Reuters that its exchange-traded product, the CSOP Bitcoin Futures ETF (3066.HK), has witnessed a surge in assets under management (AUM) over the past five months. Regarding trading volumes, the CSOP Bitcoin Futures ETF has increased in average daily turnover, reaching $2.8 million this year compared to $0.97 million last year.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-02-29 20:03:31 JPMorgan says bitcoin price could drop toward $42,000 after April halving

The upcoming Bitcoin halving event scheduled for April could trigger a sharp decline in the price of bitcoin, according to JPMorgan analysts. The halving event will reduce Bitcoin miners' rewards from the current 6.25 BTC per block to 3.125 BTC and this reduction will negatively impact miners' profitability and lead to a higher bitcoin production cost, JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-02-29 12:02:02 Bitcoin rocked by 'demand shock' as ETFs gobble up BTC faster than it is mined, says CoinShares

Rising demand for the world's largest cryptocurrency by market cap, thanks to the surging popularity of spot bitcoin ETFs, is having a profound impact on the market. "While 900 bitcoins are produced daily, the newly issued US ETFs are demanding 2,800 bitcoins per day," CoinShares's Head of Research James Butterfill told The Block. "This has led to a 28% reduction in exchange holdings since 2020, indicating a market experiencing a significant demand shock.”

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-02-28 21:40:01 BlackRock Bitcoin ETF Smashes Daily Inflow Record, Ranks 2nd In United States

BlackRock’s Bitcoin (BTC) ETF has cracked a new daily inflow record, helping push Bitcoin’s above $60,000 for the first time since November 2021. The iShares Bitcoin Trust (IBIT) absorbed another $520 million on Tuesday, bringing the fund’s total flows since launch above $6.5 billion. Furthermore, thanks to Bitcoin’s rising price during that period, the value of the firm’s Bitcoin stash has appreciated to over $8 billion.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-02-28 13:51:23 Peruvian Stock Exchange Announces Bitcoin Spot ETF Listings

The Lima Stock Exchange, the main Peruvian exchange, announced the inclusion of three different bitcoin spot ETF instruments in its trading platform. Ishares Bitcoin Trust (IBIT), Vaneck Bitcoin Trust (HODL), and Invesco Galaxy Bitcoin (BTCO) will be the instruments made available for Peruvians, which come to diversify the investment options for traditional investors in the country.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-02-28 00:29:01 Bitcoin Futures' Open Interest Reaches Lifetime High, Surpassing 2021 Bull Run

Bitcoin’s value has been on an impressive rise over the past month, and by the start of the week, the leading digital currency surpassed the $57,000 range for the first time since Nov. 2021. This upward trend in value has stimulated bitcoin-based derivatives, causing open interest in bitcoin futures to hit an unprecedented level, exceeding past records set in both 2021 and 2017.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-02-27 12:15:58 Bitcoin surges above $56,000 to hit record high since November 2021

Bitcoin price surged over 10% to hit a high of $56,740 at one stage on Tuesday morning Asia time, the highest value since November 2021, according to The Block’s Price Page. “A key reason behind this surge can be attributed to Bitcoin spot ETF trading volume which reached a new height of $2.4 billion on Feb. 26, further boosting U.S investors’ confidence in this asset class.” Lucy Hu, a senior analyst of Metalpha, told The Block.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-02-26 21:17:00 MSTR rallies 10% as MicroStrategy buys $155 million Bitcoin in 10 days

MicroStrategy bolstered its Bitcoin reserves by purchasing 3,000 BTC for approximately $155 million within ten days. This purchase takes the business intelligence and Bitcoin development firm’s total holding to 193,000 BTC, acquired for around $6.09 billion at an average price of $31,544 per BTC. According to Nasdaq data, the news has positively impacted the early trading of its MSTR shares, which rose by around 10% to $751 as of press time.

Source

https://t.me/Bitcoin_NewsTg Open / Comment

2024-02-26 16:54:44 Bitcoin Minetrix (BTCMTX) is a new cryptocurrency providing investors a way to earn free Bitcoin through its revolutionary Stake-to-Mine mechanism.

Why choose Bitcoin Minetrix token?

ERC-20 token
Presale raised more than $5.3M
Fully audited
Bitcoin mining solution built on the Ethereum chain
Allows users to earn passive Bitcoin rewards
Buy Bitcoin Minetrix tokens ($BTCMTX) and then stake them in the platform’s staking contract
Stake-to-Mine Mecanishm

Bitcoin Minetrix BUY NOW:

1.Download crypto wallet
2.Buy tokens
3.Connect Wallet to Bitcoin Minetrix website
4.Buy $BTCMTX Tokens Open / Comment