Category: Bitcoin News

Spot Bitcoin ETFs recorded 5-month high inflows of $870m

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The U.S.-based spot Bitcoin exchange-traded funds have been running wild over the past three weeks, acting as a major catalyst for the market-wide bullish momentum. According to data provided by Farside Investors, spot Bitcoin (BTC) ETFs in the U.S. recorded $870.1 million in net inflows on Oct. 29—a level last seen on June 4. BlackRock’s IBIT fund led with $642.9 million in inflows, with its total net inflows reaching $24.94 billion. Here’s a quick review of the ETF performance yesterday:  Fidelity’s FBTC: $133.9 million in inflows. Bitwise’s BITB: $52.5 million…

Ethereum Price Lags While Bitcoin Moves Toward New ATH

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Este artículo también está disponible en español. Ethereum price started a fresh increase above the $2,580 resistance. ETH is still very far from a new all-time high while Bitcoin is near ATH. Ethereum started a decent increase above the $2,620 zone. The price is trading above $2,580 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,530 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $2,650 and $2,680 resistance levels.…

Crypto turns green as Bitcoin flirts with $73k

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Most cryptocurrencies are trading in the green in the past 24 hours, as Bitcoin price rose to $73,000 to push the global crypto market cap to $2.45 trillion. This happens as Bitcoin (BTC), the flagship digital asset, topped $73,000 on Oct. 29. This is the highest level for BTC since bulls hit the all-time high in March2024. Per crypto.news data, BTC price rose to highs of $73,001 across major exchanges, with a 5.7% surge in 24 hours. This meant bulls touched the psychological $73,000 mark again. While Bitcoin trades just…

Bitcoin (BTC) Price Nears New Record High

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Bitcoin has been in a consolidation phase for multiple grueling months since its March 14 peak , dropping to as low as just under $50,000 at one point over the summer, but mainly sitting in roughly the $60,000-$65,000 range. The action tested investors’ patience and left many concerned that the bull market cycle begun in early 2023 had already topped out. Multiple attempts for new highs were met with heavy selling from bitcoin miners and long-term investors, while breakdowns were quickly arrested and bought up. Original

Bitcoin miners brace for earnings, analyst sees buying opportunity

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H.C. Wainwright & Co. has released its latest update on Bitcoin mining, showing a mixed third quarter for miners affected by broader market uncertainties and the upcoming April 2024 Bitcoin halving. Per the analyst note shared with crypto.news, Bitcoin (BTC) prices remained volatile throughout Q3 2024, influenced by concerns about the U.S. economy, international tensions, and the upcoming presidential election.  After dipping as low as $49,100 in August, BTC prices bounced back following the Federal Reserve’s decision to cut interest rates in September.  This rate cut marked the first reduction…

Bitcoin doesn’t need a dollar crash to hit $200k: Hougan

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Bitcoin doesn’t require a U.S. dollar crash to become a six-figure asset class, Bitwise CIO Matt Hougan opined on X. Bitcoin (BTC) has often been hailed as a hedge against the dollar’s declining purchasing power and as a potential beneficiary of a massive fiat implosion. Some proponents have suggested that Bitcoin needs a dollar collapse to reach $200,000 per BTC and beyond. However, Hougan argued that this assumption is incorrect for two main reasons: growing demand for store-of-value assets and persistent government spending. According to the Bitwise executive, these factors…

Inside the Royal Government of Bhutan’s Bold $66M Bitcoin Transfer — Strategic or Something More?

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This morning, the Royal Government of Bhutan shifted $66.55 million worth of bitcoin (BTC) to Binance, according to onchain data. $66M in Bitcoin on the Move – Bhutan’s Government’s Crypto Strategy Unfolds The BTC transfer, initiated from Bhutan’s government-linked crypto wallets, comes as the world’s most popular cryptocurrency approaches its peak valuation. Arkham Intelligence disclosed […] Original

5 best crypto to consider buying this November as Bitcoin nears all-time high

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin is at $71.25K, rising over 3% in 24 hours. With elections and rate cuts ahead, November could be big for crypto. Bitcoin is at $71.25K and could be about to break its all-time high, having risen over 3% in the last 24 hours. Sentiment is buzzing. But to make things more interesting, there are just three days until November. This will be a huge month for crypto, with…