U.S. spot bitcoin exchange-traded funds (ETFs) attracted $124.13 million on Monday, elevating the total net inflows to $17.71 billion. Data indicates that $2.68 billion was traded during Monday’s sessions, with Blackrock’s IBIT emerging as the only gainer. Blackrock’s IBIT Emerges as Monday’s Sole Gainer On Monday, sosovalue.xyz stats show the 11 U.S. spot bitcoin ETFs […] Original
The sellers are said to be early-stage investors who are divesting for liquidity reasons or Circle employees, one of the people said. Employees are often given the chance to monetize stock options they hold before a company goes public. The company is not allowing trades below a $5 billion valuation, two of the people said. Source
Crypto traders are bracing for the next altcoin season as Bitcoin forms an extremely bullish pattern on the weekly chart. Bitcoin (BTC), the largest cryptocurrency by market cap, has formed a cup and handle chart pattern. This pattern is characterized by a rounded bottom forming the cup and either a consolidation or a pullback to form the handle. The upper part of this pattern was at $68,837, while the handle section has been forming since March this year. Importantly, it has formed a falling broadening wedge pattern in its handle…
According to the latest data, the nine U.S.-based ethereum exchange-traded funds (ETFs) experienced their fourth consecutive day of outflows on Monday, amounting to a $98.29 million reduction. These outflows have pushed the cumulative net inflow into the negative, amounting to a sum of -$439.64 million since July 23. U.S. Ethereum ETFs Experience Continued Outflows, Driven […] Source CryptoX Portal
Bitcoin (BTC) is currently experiencing increasing bearish pressure, with technical indicators suggesting a potential decline toward the $63,316 mark. This price drop is driven by factors such as weakening momentum and decreasing trading volume. As Bitcoin targets the $63,316 mark, Investors and analysts are closely monitoring this development, as it may indicate further declines and set the stage for BTC to test lower support levels. This article analyzes Bitcoin’s current price movements and technical indicators signaling a potential further decline for the cryptocurrency focusing on the 4-hour and the 1-day…
“Lower than typical credit card fees, which can be as high as 3.75%, restaurants on the Blackbird Pay network pay a flat fee of 2% per transaction, saving them money on every transaction,” Blackbird Labs explained in a statement shared with CoinDesk. “At the same time, Blackbird Pay enhances diners’ end of meal experience by enabling them to skip the dreaded ‘Let’s get the check’ moment and enjoy the magic of paying their check in-app at any point; so, they can leave whenever they’re ready, just like having an old-school…
Hyperbolic’s blockchain-based cloud platform aims to make AI affordable to startups, researchers and builders squeezed by surging GPU prices. Source link
In addition to Router Chain, the team is also launching a token-bridging solution “that will offer increased security to Cosmos chains,” and “chains in the Cosmos ecosystem will be able to leverage the security of Ethereum and Bitcoin networks, reducing the inflation required to maintain security and making them more robust.” Source
Avalanche (AVAX) is currently on a downward trend, one that it has not broken since last month. The latest market data shows that the token has depreciated 12% since last week, a huge loss for investors and traders interested in the token. Related Reading Despite this, the platform is maintaining its momentum. A new upgrade proposal might improve developer and user experience on the platform, further onboarding new users and developers to use Avalanche. The Gist Of ACP-77 ACP-77 is the newly announced major proposal made by the Avalanche Foundation…
Bitcoin has inched toward $66,000, paring all gains from last week, with sentiment dented as a significant amount of the asset was moved from U.S. government-linked wallets, raising concerns of looming selling pressure among traders. BTC lost as much as 5%, before slightly recovering, in the past 24 hours as the U.S. Marshals Service shifted $2 billion worth of BTC to two new wallets. Tracking service Arkham estimated that at least one of the wallets was likely to be a custodial service. Bitcoin was trading around $66,550 at the time…