Tag: Bitcoin

Bitcoin Demand Outweighs Supply As LTH Enter Active Distribution Phase

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Este artículo también está disponible en español. Bitcoin (BTC) has held steady above the $88,000 mark over the past few days, showcasing resilience as the broader market anticipates its next move. Price action remains robust, leaving investors waiting for lower prices frustrated, as BTC shows no signs of providing an easy entry point anytime soon. Related Reading Key data from CryptoQuant reveals that long-term holders (LTHs) are currently in an active distribution phase, signaling increased selling activity from this group. Despite this, the market has absorbed the additional supply without…

Bitcoin Reaches $93,975, Setting a New All-Time High

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Bitcoin (BTC) shattered records on Tuesday, reaching an eye-popping $93,975—a new all-time high. Bitcoin Rallies to $93,975, Liquidating $44.4M in Shorts The top cryptocurrency gained 3.3% against the U.S. dollar in the past day and climbed 7.5% this week. With a towering market cap of $1.86 trillion, bitcoin continues to command attention in the ever-evolving […] Original

Spot Bitcoin ETF Options are Here — And They Matter

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With spot Bitcoin ETF options live, could we be witnessing the most key milestone for institutional crypto adoption yet? Read on. A milestone for crypto market On Nov. 18, a key update swirled the crypto market as the Options Clearing Corporation confirmed it was gearing up for the listing of options tied to Bitcoin (BTC) exchange-traded funds. This development came on the heels of the Commodities Futures Trading Commission granting its approval. Earlier this year, on Sep. 20, the U.S. Securities and Exchange Commission greenlit the first options for BlackRock’s…

Nexbridge Brings US Treasuries to Bitcoin Blockchain With USTBL Offering

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Nexbridge, a digital asset issuer, has introduced USTBL—a regulated gateway for investors to tap into U.S. Treasury returns through blockchain technology. Anchored on Blockstream’s Liquid Network, the offering leverages the firm’s Asset Management Platform, aiming to ensure streamlined compliance and bolstering transparency. The issuance kicks off with a soft cap set at $30 million. Blockstream’s […] Original

Ethereum ETFs Falter With $39M Losses as Bitcoin ETFs Steal the Show

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On Monday., Nov. 18, spot bitcoin exchange-traded funds (ETFs) had an impressive showing, attracting $254.82 million in positive inflows. Meanwhile, the nine spot ether ETFs faced a tough day, recording losses during trading. Crypto Clash: Bitcoin ETFs Surge With $254M Inflows as Ethereum Stumbles With $39M Outflows Spot bitcoin ETFs clearly stole the spotlight. Leading […] Original

Blackrock Exec Debunks Bitcoin Myths: ‘It’s Not a Risk-on Asset’

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Blackrock Inc.’s head of digital assets, Robert Mitchnick, recently shared his thoughts on bitcoin during a conversation with Yahoo Finance. Mitchnick stated that he doesn’t consider bitcoin to be a “risk-on asset.” His remarks coincided with the debut of Blackrock’s Ishares bitcoin exchange-traded fund (ETF) options on Nasdaq, signaling a significant development in the company’s […] Original

Bitcoin (BTC) ETF Options Are a Big Deal. Here’s Why

Bitcoin ETF options trading in the U.S. is expected to start today. Options on BlackRock’s iShares Bitcoin Trust (IBIT) ETF cleared the last regulatory hurdle on Monday, and they could bring more institutional appetite for the largest cryptocurrency. “This marks a monumental shift,” 10x Research said in a Tuesday newsletter. The products “could attract significant trading volumes, potentially driving sharp price rallies in bitcoin,” it said. For example, MicroStrategy (MSTR), the Nasdaq-listed company that owns the largest corporate BTC treasury in the world, is punching above its weight due to…

Marathon upsizes convertible note offering to $850m to buy more Bitcoin

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Crypto mining company Marathon has upsized its convertible note offering by $150 million to buy even more Bitcoin. Bitcoin (BTC) mining company Marathon Digital Holdings has upsized its convertible debt offering to $850 million from $700 million to buy more Bitcoin. In a press release on Tuesday, Nov. 19, the Bitcoin miner said the 0.00% notes, set to mature on March 1, 2030, will be sold in a private offering to qualified institutional buyers. The offering is expected to close on Nov. 20, pending customary conditions. Holders of the notes…