Sei, ORDI, and Arweave gain over 10% after Bitcoin jumps 3%

Sei, ORDI and Arweave have all surged over 10% over the past day to rank as the top gainers in the crypto market as Bitcoin, the leading cryptocurrency by market cap, jumped 3% in the same time period. Sei Sei led the charge among the top gainers. The coin, which is part of the Sei Project that launched in August 2023, saw a 12.5% increase in the last 24 hours. According to price data from crypto.news, SEI is currently priced at $0.397, with a 36% rise in daily trading volume…

Spot Bitcoin ETFs see total net inflow soar to over $17b

Between July 15 and July 19, 2024, the total net inflow for spot Bitcoin ETFs reached $17.08 billion. FBTC registers largest inflow On July 19 spot Bitcoin (BTC) ETFs recorded inflows of $383.6 million, the second highest of the month, following a record $422.9 that came on July 16. The Fidelity Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT) continued to lead the charge, bringing in $141 million and $116.2 million respectively, as per data from SoSoValue. Spot Bitcoin ETF flowS for July 19 | Source: SoSoValue…

Ethereum, Solana touch key levels as Bitcoin spikes

Bitcoin has jumped above $66,000, reaching its highest level since mid-June when prices hovered above $67,000. The price of Bitcoin (BTC) is currently 4.7% up in the past 24 hours as buyers hover around $66,670. Meanwhile, Ethereum (ETH) has climbed above $3,500 and Solana (SOL) is trading above $170 – with gains of 3% and 8% respectively. Other altcoins are also trading positive, with BNB (BNB) up 4.9%, Dogecoin (DOGE) 4.5% and Cardano (ADA), 3%. Bitcoin rises amid global IT outage The bounce in Bitcoin’s price came as chatter continued…

Bitcoin eyes $67k amid CrowdSpark outage debacle 

While traditional systems raced to resolve the CrowdSpark outage, Bitcoin and the cryptocurrency market climbed upward. Decentralized technology once again made a case for itself on Friday as a global IT outage disrupted banks, media, travel, and a litany of everyday operations.  Web3 markets boomed as Web2 activity slowed to a crawl in some parts of the world, with over 150 million people reportedly affected. Pro-crypto U.S. Senator Cynthia Lummis leveraged the situation to remind the public of Bitcoin’s (BTC) ability to run seamlessly and bypass centralized points of failure.  Do…

UK advised to ‘rebuild Britain’ with $5b Bitcoin trove

Bitcoin has entered a new paradigm in which investors must consider the future of state-controlled BTC stockpiles and sovereign approaches to holding or selling the asset. The United Kingdom should liquidate its Bitcoin (BTC) trove valued at an estimated $5 billion at current prices, Bloomberg senior opinion columnist Merryn Somerset Webb wrote on Friday. Webb’s advice was directed at the UK’s new Chancellor, Rachel Reeve, as commentators chimed in on how the Labour-led administration might string together funds to rebuild Britain’s economy.  Britain’s Bitcoin stash has grown considerably over the…

Polymarket’s largest bet misses as Trump fails to mention Bitcoin at RNC speech

Bitcoin price remained below $65,000 on Friday as Donald Trump avoided mentioning the coin and crypto in his speech at the Republican National Congress (RNC) event. Bitcoin (BTC) was trading at $64,200 Friday morning, roughly where it traded at 24 hours ago. In his closely-watched speech at the Republican National Convention on Thursday, Donald Trump avoided one of the hottest issues in the financial market: crypto. Most people, including those using Polymarket, believed that he would at least mention the digital asset universe, similar to how he has done in several…

Binance analysts says ‘worst likely behind’ as Bitcoin trades near $65k

Analysts at Binance Research say they remain “optimistic” about the market’s outlook, expecting upcoming catalysts to position the market “positively for the rest of the year.” The crypto industry may have already seen the worst of this year, according to Binance Research analysts, who said in a Friday report the “incremental negative impact” might be limited as Bitcoin (BTC) regained its positions lost during the harsh June. The analysts admitted that it has become “increasingly difficult to make profits in the current market environment,” referring to negative returns from newly…

Bitcoin Trades at $64K as Biden Withdrawal Likelihood Increases

Bitcoin traded either side of $64,000 following a retreat from $65,000 on Thursday. The increasing likelihood of Joe Biden withdrawing from the race for U.S. president has taken some of the wind out of BTC’s sails after it briefly regained $66,000 earlier this week. With a second term in the White House for Donald Trump considered the far more beneficial outcome for the crypto industry, BTC was buoyed by Biden’s poor performance thus far in the campaign coupled with the assassination attempt on the Republican nominee. The possibility of a…