Tag: btc

Bitcoin Price (BTC) Rose 1.9% While Ether Price (ETH) Gained 2.0%

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Holdings Now Reach 358,000 BTC Worth $22 Billion

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Este artículo también está disponible en español. In less than nine months since the launch of its Bitcoin exchange-traded fund (ETF) following the approval of these investment vehicles by the US Securities and Exchange Commission (SEC), asset manager BlackRock has established itself as the world’s largest Bitcoin fund.  A Tale Of Two Titans In Bitcoin And Ethereum Holdings According to on-chain data from blockchain analysis platform Arkham, BlackRock has aggressively expanded its Bitcoin holdings through its ETF, known as IBIT over the last months.  Despite recent market volatility that saw…

Bitcoin (BTC) Demand Booms in US, Data Shows, as China Considers $142 Billion Stimulus

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin Price (BTC) Optimism Suggested by Retail Accumulation and Crypto Exchange Outflows

In the past 30 days, the Bitcoin (BTC) ecosystem has seen a significant rally in accumulation, with approximately 88,000 BTC being amassed on a net basis. This strong period of accumulation, which has persisted through much of September, is notable for being about seven times the monthly bitcoin issuance of around 13,500 BTC. Such intense accumulation has not been seen since Q4 2023, a period that saw a rapid increase in bitcoin’s price. Source CryptoX Portal

Bitcoin Price (BTC) Rose 0.8% While Ether Price (ETH) Gained 0.1%

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin Price (BTC) and Risk Assets Moving Higher With Money Supply

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Historically, there has been a strong correlation between the S&P 500 and the M2 money supply, with both moving in tandem over the past five years. For example, during the early 2020 pandemic, M2 bottomed out at $15.2 trillion in February, just before the S&P 500 hit a low of around 2,409 points in March. A similar pattern occurred in October 2023, when monetary policy tightening led M2 to bottom at $21 trillion. Shortly afterward, the S&P 500 reached a low of 4,117. This connection highlights the critical role of…

Bitcoin Price (BTC) Rises on China and U.S. Easing Campaigns

Shortly after, the latest figures showed a sizable jump in the U.S. M2 money supply in August. The combination of easier China and U.S. monetary policies and rising money supply appeared to be the catalyst for bitcoin’s sustained rise throughout afternoon trading. Gold too, liked the news, jumping 1.4% to yet another record high of $2,690 per ounce. Source CryptoX Portal

Bitcoin miner from 2009 sends BTC to Kraken

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Another wallet with coins mined in the first two months after Bitcoin’s launch has just become active after being dormant for over a decade. On Sept. 24, blockchain intelligence firm Arkham flagged a Bitcoin (BTC) whale wallet that had mined Bitcoin in February and March 2009. This means the miner was active in the very early days of Bitcoin’s launch, when the cryptocurrency space was in its infancy and BTC’s value was practically at $0. After initial transactions in the first few years, the Satoshi-era wallet went dormant. However, on-chain…