Month: March 2024

Bitcoin trade volume hits highest level since 2021, Kaiko says

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Even though Bitcoin has not yet reached its all-time high, its daily trade volume has already exceeded $40 billion, the highest level since the May 2021 sell-off. The daily trading volume of Bitcoin (BTC) has reached its highest level last seen in three years ago as BTC is continuously climbing to its all-time high, Kaiko revealed in a recent research report. According to the published data, Bitcoin’s daily trade volume exceeded $40 billion in early March, surpassing its previous peak hit in the aftermath of the FTX collapse in November…

Spot Bitcoin ETFs start the week strong, attracting $562 million in inflows

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Spot Bitcoin ETFs began the week on a strong note, attracting over $562 million in inflows on Monday amid the impressive Bitcoin (BTC) market run that has seen the asset surge 21% over the past week. BitMEX Research disclosed this in its latest update on capital flows into the Bitcoin ETF market. Data confirms that the entire market saw an influx of 8,377 BTC tokens valued at $562.7 million on March 4 despite the Grayscale Bitcoin Trust (GBTC) sustaining its trend of capital outflows. [1/4] Bitcoin ETF Flow – 04…

Germany’s Biggest Stock Exchange Goes Crypto

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Deutsche Börse Group has taken a significant step into the realm of digital assets by introducing the Deutsche Börse Digital Exchange (DBDX), a regulated spot trading platform for cryptocurrencies tailored to institutional clients. DBDX fills a gap in the market by offering a fully regulated and secure ecosystem for trading, settlement, and custody of cryptocurrencies. It leverages the existing connectivity to market participants, providing clients with a comprehensive suite of innovative and secure financial solutions for digital assets from a single point of access across the value chain. Initially, trading…

Grayscale’s GBTC sees 33% reduction in Bitcoin holdings amid $9.26b outflows

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Grayscale, the world’s largest crypto asset manager, has seen nearly a third of its Bitcoin holdings withdrawn since converting its Bitcoin Trust (GBTC) into an ETF on Jan. 10. As of March 4, GBTC witnessed its 36th consecutive day of outflows, with 5,450 BTC, equivalent to $368 million, exiting the trust. This brings the total outflow since the conversion to an astounding $9.26 billion, BitMEX Research reports. 5,450 Bitcoin of GBTC outflow today Total GBTC outflow since 11th Jan 2024 is 202,874 Bitcoin This is a decline in Bitcoin holdings…

Shiba Inu Price Skyrockets Past $0.000045: Here’s Why

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The Shiba Inu price is going absolutely parabolic these days. Within the last 9 days, the SHIB price surged by more than 380%. Today, SHIB marked a two-year high at $0.00004574. Although the price suddenly dropped below $0.00002, marking a 54% within 2 hours, the price already recovered to above $0.000038. Here are four reasons driving the Shiba Inu price: #1 Bitcoin’s Rally And Its Implications For Altcoins Bitcoin’s price rally, particularly after the US Securities and Exchange Commission’s (SEC) approval of spot Bitcoin Exchange-Traded Funds (ETFs) in January, has…