Tag: Bitcoin

Bitcoin ETFs See Historic Surge – Institutions Go Bullish On BTC With $1.38 Billion Record Inflows

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Este artículo también está disponible en español. Yesterday, Bitcoin had one of its most bullish days in history, skyrocketing past its all-time high to reach $76,990. This new milestone has ignited widespread excitement and confidence among investors, who now see the potential for further gains.  Key data from Carl Runefelt reveals that Bitcoin ETFs experienced a historic surge, with $1.38 billion in net daily inflows. This record-breaking figure highlights institutional demand for Bitcoin, as major players like BlackRock are buying BTC in anticipation of long-term growth. Related Reading The influx…

Meme Coins Explode as Trump Wins Bitcoin Election

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Crypto traders rejoiced as pro-Bitcoin candidate Donald Trump won the US Presidential election in 2024, leading to numerous potential changes throughout the industry. Cryptocurrency exchanges, institutions and firms threw their weight behind the Republican candidate through donations to political action committees and the event, dubbed “the Bitcoin election” on social media platforms, catalyzed gains in several categories of cryptocurrencies, most notably in meme coins.  Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF), Bonk (BONK), among other meme tokens rallied in nearly double-digits in the last 24 hours. Meme coins…

HIVE Digital shares climb 11% on rise in Bitcoin holdings

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Cryptocurrency mining firm HIVE Digital has released its October production results, showcasing a 51% year-over-year growth in its Bitcoin portfolio value. Global Bitcoin (BTC) mining firm HIVE Digital reported that it mined 117 BTC in October, marking a 1% increase month-over-month and bringing its HODL portfolio to 2,624 BTC, a 51% increase compared to the previous year. In a Friday press release on Nov. 8, Frank Holmes, executive chairman of HIVE Digital, credited the firm’s portfolio growth to the team’s “prudent capital management,” which allowed the firm to “minimize dilution…

Swiss National Bank Chair Flags Crypto Risks, Calls Bitcoin and Ether a ‘Niche Phenomenon’

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Swiss National Bank (SNB) Chairman Martin Schlegel has cautioned about cryptocurrencies like bitcoin and ether, describing them as volatile and energy-intensive, and highlighting links to illegal activities that complicate regulation. Speaking at an event hosted by Aargauische Kantonalbank in Brugg, Switzerland, Schlegel noted that, while virtual currencies have seen significant growth, they remain a “niche […] Original

Trump’s Crypto Aide: U.S. Should Act Quickly to Incorporate a Strategic Bitcoin Reserve

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With Trump’s crypto allegiance and his new status as President-Elect of the U.S., talks of establishing a strategic bitcoin reserve have surged. While this can be achieved in several ways, Trump’s cryptocurrency aide and CEO of BTC.Inc., David Bailey, has suggested expediting this task, fearing a possible frontrunning movement from third parties. Trump’s Crypto Aide […] Original

Coinbase Launches Wrapped Bitcoin Token on Top of Solana

Coinbase, the largest U.S.-based cryptocurrency exchange, announced the launch of cbbtc, its in-house developed wrapped bitcoin token, on top of the Solana network. Highlighting the significance of this move, Coinbase stated: “This is the first token Coinbase has issued on Solana, and with it, we’re excited to bring easy access to BTC.” Coinbase partnered with […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin Sentiment Enters Danger Zone: Investors Now Extremely Greedy

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Data shows the Bitcoin investor sentiment has entered extreme greed territory following the asset’s surge to a new all-time high (ATH). Bitcoin Fear & Greed Index Is Now Pointing At ‘Extreme Greed’ The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment among the traders in the Bitcoin and the wider cryptocurrency sectors. This index represents the sentiment as a score between zero and hundred. To calculate the score, the metric uses data from the following five factors: volatility, trading volume, market…

Bitcoin remains ‘niche phenomenon,’ Swiss central bank says

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Despite the substantial growth of crypto prices in recent years, Switzerland remains wary of virtual currencies, said Swiss National Bank Chairman Martin Schlegel. The Swiss National Bank remains cautious about crypto as Chairman Martin Schlegel stressed on Thursday, Nov. 7, that physical cash would continue to play a key role in the country’s payment landscape, Reuters reports. While cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have grown “enormously in recent years,” they still remain a “niche phenomenon,” Schlegel said. While he refrained from forecasting the future of the crypto market…

Block Inc. shifts focus to Bitcoin mining amid plans to sunset Web5-focused TBD

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Jack Dorsey founded payments firm Block Inc. is pivoting its focus towards the cryptocurrency mining sector. In a Nov. 7 shareholder letter, Block, formerly Square Inc., said it would dial down resources towards its music streaming service TIDAL, and sunset TBD, a venture focusing on decentralizing the internet, to focus on expanding its presence in the Bitcoin mining sector. Block acquired TIDAL in a 2021 acquisition for roughly $300 million, as the streaming service was facing stiff competition and failing to gain traction. The platform has continued to struggle, with…