Bitcoin ETFs see $55m net outflow, as BTC drops to $65k

Spot Bitcoin ETFs, or exchange-traded funds, saw a net outflow of $55 million on Friday, April 12. The data signals a reversal after ETFs enjoyed two consecutive days of inflow worth nearly $215 million.  Bitcoin ETFs ahead of halving According to data from SoSo Value, the largest outflow on Friday came from Grayscale’s GBTC, which saw $166 million withdrawn. GBTC continues to see large outflows ahead of the halving, as the ETF also shed $154.9 million on Monday, April 8. Conversely, the largest inflow on Friday came from BlackRock IBIT,…

Bitcoin halving will resurrect GameFi ghosts of 2021

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As Bitcoin surges to unprecedented heights, casting a bullish shadow over the cryptocurrency market, a significant yet often overlooked sector poised to reap the benefits of this resurgence is GameFi. In the wake of the Bitcoin halving, the GameFi landscape stands at the precipice of a renaissance, with the potential to transcend the ghosts of its tumultuous past in 2021. The confluence of renewed investor confidence, technological…

$10.5 Trillion Asset Manager Blackrock’s Spot Bitcoin ETF Now Holds 270K BTC

Blackrock, the world’s largest asset manager, shattered its record for assets under management (AUM), reaching a staggering $10.5 trillion. This financial behemoth also continues to dominate the U.S. spot bitcoin ETF market with its Ishares Bitcoin Trust (IBIT), which has amassed nearly 270K bitcoins. IBIT Has Amassed Nearly 270K Bitcoins Blackrock, the world’s largest asset […] Original

A Single Custodian Oversees Nearly Half of Bitcoin’s Block Rewards

Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate. The analysis shows that substantial miners’ rewards from pools like F2pool, Antpool, Binance Pool, and Braiins are being funneled to this particular custodian. Onchain Data Reveals Single […] Original

Bitcoin drops to $65k, crypto market nears to $900m in liquidations

Bitcoin has decreased by nearly 5%, reaching $65,000 for the first time in a week, as the overall crypto market capitalization dropped 7%. Ethereum’s price has also experienced liquidation, as the largest altcoin dropped 8.5% in 24 hours. According to Coinglass, more than 277,000 traders liquidated assets worth $877.79 million in 24 hours. The BTC decline is likely being driven by a pre-halving pullback and miner capitulation. There is a familiar anticipation that the halving will lead to a larger bull cycle for Bitcoin. A pullback generally occurs when traders start taking…

Bitcoin halving interest doubled since 2020

More people worldwide are interested in the Bitcoin halving this year compared to 2020. According to the CoinWire research provided to crypto.news, the appeal of Bitcoin’s (BTC) halving has almost doubled since its previous quadrennial block reward slashing.  The firm analyzed this year’s Google Trends data from across the globe and discovered that BTC halving interest scores increased from the previous cycle 51 to 100 days before the watershed event. The first halving in November 2012 scored zero on the trends chart, as blockchain technology and cryptocurrencies were reasonably new to financial…