On Monday, spot bitcoin exchange-traded funds (ETFs) took a substantial hit, with investors pulling out a hefty $541.07 million. Bitcoin ETF Outflows Hit $541 Million on Monday, Ethereum Funds Follow in the Red The 12 spot bitcoin ETFs faced a rough trading day, shedding a hefty $541.07 million in total outflows. Fidelity’s FBTC bore the […] Original
Tag: Bitcoin
Hellish US Debt Scenario Could Propel Bitcoin to $1 Million by 2030
Sebastian Serrano, CEO of the Argentina-based cryptocurrency exchange Ripio, has predicted that bitcoin will reach $1 million by 2030, driven by the rise of U.S. public debt and the devaluation of the U.S. dollar. CEO Believes Bitcoin May Reach $1 Million by 2030 Sebastian Serrano, CEO of Ripio, one of the largest Argentina-based cryptocurrency exchanges, […] Original
Eric Trump to Speak at Bitcoin MENA in Abu Dhabi
PRESS RELEASE. Abu Dhabi, UAE – November 5th, 2024 – Bitcoin MENA has announced Eric Trump as a keynote speaker at its upcoming conference on December 9-10, 2024, at the world-renowned ADNEC Centre in Abu Dhabi. This announcement underscores the conference’s growing influence and highlights Abu Dhabi’s emerging role as a central hub in the […] Original
Bitcoin (BTC) Mining Difficulty Tops 100T for First Time, Piling Pressure on Small Miners
Bitcoin’s hashrate hit a record high on a seven-day moving average of 755 EH/s last week. Hashrate is the computational power required to mine and process transactions on a proof-of-work blockchain. At the end of October, hashrate surged almost 12% in one day, one of the biggest rises year-to-date, according to Glassnode data. Source
Long Bitcoin (BTC), Short Solana (SOL) Tactical Trade Preferred Heading Into U.S. Election, Crypto Research Firm Says
“If Harris wins, the likelihood of these ETFs getting approved may decrease, potentially leading to a 15% drop in solana, while bitcoin might experience a more limited decline of around 9%,” Thielen said, adding that a Trump victory could see SOL, BTC and ether rise by around 5%. Original
Colorado Resident Loses $6,000 in Bitcoin to Phone Scammer
A Keystone resident lost $6,000 in bitcoin in a phone scam in which a scammer claimed the victim had missed jury duty. The scammer also attempted to steal another $4,000 in bitcoin but was stopped by county deputies. The incident, which occurred Oct. 27, is the latest in a series of phone scams targeting county […] Original
Dogecoin Rallies, Bitcoin ETFs Bleed Ahead of U.S. Elections
BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox from its storage to new wallets. Source
Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump’s Election Victory
Este artículo también está disponible en español. As the United States braces for the outcome of the closely contested presidential election between former President Donald Trump and Vice President Kamala Harris, Bitcoin (BTC) has experienced a price drop, now hovering around the $68,000 mark. BTC Faces Key Support Levels Bitcoin has struggled to surpass its all-time high of $73,700, a level achieved in March following the approval of exchange-traded funds (ETFs) that invest in the cryptocurrency. Despite several attempts to breach this mark, Bitcoin has faced resistance, leading to a…
Semler Scientific eyes further Bitcoin purchases after buying 47 BTC in Q3
Medical device maker Semler Scientific says it remains “laser focused” on acquiring and holding more Bitcoin after its crypto reserves surpassed 1,050 BTC. Healthcare manufacturer Semler Scientific now holds $1,058 Bitcoin (BTC), worth $71 million, after it purchased 47 BTC in Q3. In a Q3 financial results report, Doug Murphy-Chutorian, chief executive officer of the Santa Clara-headquartered company said Semler Scientific remains “laser focused on acquiring and holding Bitcoin, while supporting innovation and growth in our healthcare business.” “We plan to continue to purchase Bitcoin with cash from operations and…
Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show
“It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week,” one observer said, noting pricier puts on the CME. Source