Month: March 2024

MicroStrategy Upsizes Convertible Debt to $700M to Buy Even More Bitcoin

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BlackRock Bitcoin ETF hits record $788m daily net inflows 

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Bitcoin ETF investors parked a record amount of money into BlackRock’s fund on the day crypto’s leading token achieved a new all-time high before retracing up to 10%. BlackRock’s iShares Bitcoin ETF (IBIT) received $788 million in net inflows on Mar. 5, setting a new historical high for daily influx into the investment vehicle as traders seemingly capitalized on a market dip.  btw for context on relative size of $IBIT‘s cash haul, it now ranks 2nd among all ETFs in 1D flow, 1W flow, 1M flow and 3rd in YTD…

Blackrock’s Bitcoin ETF Adds 12,623 BTC in Largest Single-Day Purchase Since Launch

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Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has broken its record for the largest single-day bitcoin purchase since its launch. The world’s largest asset manager’s spot bitcoin ETF now holds 183,345 bitcoins. Blackrock Bought the Bitcoin Dip Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), amassed the largest […] Original

Analyst Cites Key Indicators That Signal Bitcoin Correction

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The price of Bitcoin witnessed a pullback on Tuesday amid a general bearish sentiment around the crypto market, after the digital asset reached the $69,000 threshold. Bitcoin Might Undergo Further Correction Following the correction, several predictions of a further decline in the price of Bitcoin from top crypto analysts have surfassed. Cryptocurrency analyst and trader Ali Martinez has highlighted a few indicators that suggest a continuous retracement in price. Martinez took to the social media platform X (formerly Twitter) to share his projections with the crypto community. According to Ali…

Donald Trump’s Crypto Portfolio Soars to $7.5 Million, Fueled by TRUMP Coin’s Ascension and Ethereum Gains

After the former 45th President of the United States, Donald Trump, saw his cryptocurrency holdings exceed $5 million, just ten days later, the value of Trump’s digital asset collection has escalated to $7.5 million. This increase is largely due to $4.66 million emanating from the cryptocurrency he holds called TRUMP, which has experienced a significant […] Source CryptoX Portal

Bitcoin selling intensifies as BTC reaches new all-time high

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Long-term investors increased their Bitcoin sales as the price of the first cryptocurrency approached an all-time high. Glassnode analysts note that long-term investors’ monthly sales rate has increased to 257,000 Bitcoin (BTC). Of this amount, 57% comes from Grayscale‘s GBTC. In total, sales rates for the week increased by 20%, for the month and quarter by 44% and 55%, respectively. The rally was the most powerful since the 2021 bull market. As #Bitcoin reached its ATH, a careful assessment reveals a nuanced interplay between exchange and ETF flows indicating market…

Sahara Secures $6M Seed Funding to Revolutionize Knowledge Sharing with AI and Blockchain

Sahara, a decentralized AI network, has raised $6 million in a seed funding round led by Polychain Capital to transform knowledge sharing and monetization using AI and blockchain technologies. Sahara, a decentralized AI network aiming to revolutionize the way knowledge is owned, shared, and monetized globally, has announced the successful completion of its $6 million seed funding round. The round was led by Polychain Capital, with participation from notable investors such as Samsung Next, Matrix Partners, Motherson Group, dao5, Geekcartel, Canonical Crypto, Nomad Capital, Dispersion Capital, Alumni Ventures, Tangent Ventures,…

XRP Bull Flag Signals Explosive Price Movement

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The cryptocurrency market, notorious for its unpredictable nature, presents a complex picture for XRP. While the past week saw a positive surge of 15% in its value, whispers of a potential correction and the recent actions of major investors add another layer of intrigue. However, the daily chart paints a contrasting picture, with a slight decrease of 0.5% at the time of writing. This mixed performance, coupled with XRP’s current market capitalization of over $35.2 billion, highlights the token’s volatile nature. XRP: A Tale Of Two Charts And Conflicting Signals…

LTC to $100 before BTC Halving?

Litecoin price crossed $94 on March 3, its highest since the widespread post-halving sell-off in August 2023, which has seen LTC underperform the market in the last 6-months.   A widespread post-halving sell-off saw Litecoin price dip 37% within a fortnight of the critical network event. Since then, Litecoin price has struggled for upward momentum. Bullish moves observed among LTC whale investors this week suggest this is about to change.  Post-halving sell-off saw Litecoin price struggle for momentum Litecoin’s most recent halving event went live on August 2, 2023, reducing the…