Tag: btc

Bitcoin ETF trading volume spikes 50% amid BTC drop below 100k

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U.S. spot Bitcoin exchange-traded funds recorded $7.1 billion in trading volume on Dec. 5, marking a 50% surge from the previous day, as Bitcoin’s price dropped below $100,000. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded net inflows of $766.66 million on Dec. 5, extending their six-day streak to a total of over $2.7 billion. BlackRock’s IBIT led the pack for the fifth consecutive day, amassing $770.51 million in inflows. Other significant contributors included Grayscale Bitcoin Mini Trust with $95.35 million and Fidelity’s FBTC with $47.47 million.…

Bitcoin (BTC) Surpasses $100,000, Marking a Milestone for Blockchain and Web3

Joerg Hiller Dec 06, 2024 02:01 Bitcoin reaches a historic $100,000, symbolizing a significant milestone in blockchain technology and Web3 innovations. Explore the journey and future potential of decentralization. Bitcoin (BTC), the pioneering cryptocurrency, has achieved a remarkable milestone by surpassing the $100,000 mark. This significant event, reported by Gala News, marks a pivotal moment in the history of blockchain technology and the broader adoption of Web3 innovations. Bitcoin’s Journey to $100,000 On the evening of December 4th, 2024, Bitcoin’s value exceeded…

27,000 BTC Moved From Mt Gox Wallet as Bitcoin Hits $104K

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Bitcoin soared past $100,000 on the strength of institutional adoption, leading to the movement of Mt Gox bitcoin yet again. Mt Gox Bitcoin on the Move Again Bitcoin‘s historic six-figure moment arrived on Dec. 4 when the number one cryptocurrency crossed the $100,000 mark. Strong institutional investments in exchange-traded funds (ETFs), growing national adoption, and […] Original

Mt. Gox moves 24,000 BTC following Bitcoin’s $100K milestone

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Just as Bitcoin surpassed the highly coveted $100,000 mark, defunct crypto exchange Mt. Gox moved roughly $2.47 billion worth of the cryptocurrency to an unknown wallet. According to Arkham Intelligence, a Mt. Gox wallet identified as “1F…RT” transferred over 24,000 BTC to an unknown wallet starting with “1N7j” at 2:45 am UTC on Dec. 5, where the funds currently remain. While the exact reason for moving over $2 billion worth of BTC from the Mt. Gox wallet remains unclear, similar transactions in the past were shortly followed by payouts to…

Spot Bitcoin ETF inflows surge 90%, closing in on Satoshi Nakamoto’s BTC holdings

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Inflows into U.S. spot Bitcoin ETFs surged by over 90% on Dec. 3 compared to the previous day, bringing their total holdings closer to matching the Bitcoin stash attributed to founder Satoshi Nakamoto. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $675.97 million inflows on Tuesday, nearly doubling the $353.67 million seen the previous day. These investment vehicles have now enjoyed four consecutive days of net inflows, totaling over $1.45 billion within that span. BlackRock’s IBIT led the pack for the third consecutive day, with $693.25 million…

Will BTC Gain From Supply Crunch?

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Este artículo también está disponible en español. According to data from CryptoQuant, Bitcoin (BTC) reserves on cryptocurrency exchanges have dropped to a multi-year low. This decline coincides with the ongoing bull market, which has pushed the digital asset’s price closer to the $100,000 mark. This significant decline could have major implications for the asset’s supply-demand dynamics. Investor Confidence Increasing In Bitcoin? During a bull market, Bitcoin reserves on exchanges increase as long-term holders (LTH) and short-term holders (STH) transfer their holdings to trading platforms to take profits. However, the current…