Tag: btc

Bitcoin ETFs continue outflow streak as BTC tumbled under $93k

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Spot Bitcoin exchange-traded funds in the United States saw their third straight day of outflows as Bitcoin struggled to recover to $100K following the Fed’s hawkish rate cut. According to data from SosSoValue, the 12 spot Bitcoin ETFs recorded $226.56 million in inflows on Dec. 23 exterior their streak of outflows to three days that saw over $1.18 billion leave the funds. The majority of outflows were seen from Fidelity’s FBTC which logged outflows of $145.97 million while Grayscale’s GBTC followed with $38.39 million withdrawn from the fund. Other BTC…

Metaplanet makes largest Bitcoin bet, acquires nearly 620 BTC

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Tokyo-listed Metaplanet has purchased another 9.5 billion yen ($60.6 million) worth of Bitcoin, pushing its holdings to 1,761.98 BTC. Metaplanet, a publicly traded Japanese company, has acquired 619.7 Bitcoin as part of its crypto treasury strategy, paying an average of 15,330,073 yen per (BTC), with a total investment of 9.5 billion yen. According to the company’s latest financial disclosure, Metaplanet’s total Bitcoin holdings now stand at 1,761.98 BTC, with an average purchase price of 11,846,002 yen (~$75,628) per Bitcoin. The company has spent 20.872 billion yen in total on Bitcoin…

Bitcoin Cost Basis Distribution Reveals Strong Demand At $97K – Can BTC Hold?

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Bitcoin has had a whirlwind few days, hitting an all-time high (ATH) last Tuesday before tumbling into a sharp 15% correction. This period of heightened volatility has left investors divided, with some expecting a continued uptrend while others brace for more downside. The market is closely watching Bitcoin’s ability to reclaim its bullish momentum. Related Reading Top analyst Ali Martinez has highlighted critical data from the Bitcoin cost basis distribution, pointing to $97K as a crucial support level. Martinez stresses that holding this level is essential for BTC to maintain…

Send surges 360%, dForce jumps 160%, BTC hovers $97k

The price of SEND and dForce jumped triple digits, while Bitcoin shows clear signs of struggling to reclaim $100,000. The cryptocurrency market is showing signs of recovery after the recent slump. Ethereum (ETH), which fell as low as $3,000, has managed to push above $3,400. Bitcoin (BTC) has also shown slow reversal, with prices hovering around the $97,000 level. Meanwhile, a community token on Solana (SOL) called Send (SEND) has seen its price surge by over 360%. SEND 1D Price Chart From CoinGecko The price of SEND has gone up…

6,700 BTC Exit Amidst Largest Outflow In Months

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Este artículo también está disponible en español. Amid a wider readjusting of market expectations for interest rate cuts by the Federal Reserve (Fed) for 2025, investors withdrew a record $680 million from Bitcoin ETFs on Thursday, the highest outflow in a single day since January’s approval of these investment funds. Grayscale And Bitwise Bitcoin ETFs Experience 8% Decline  As Bitcoin ETFs faced this outflow, the price declined, dropping another 5% to trade around $97,400 to close the week. The sell-off aligns with a general downturn in risk assets, triggered by…

Bitcoin ETFs record $680m outflows as BTC dips below $96k

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Spot Bitcoin exchange-traded funds in the United States recorded $680 million in outflows on Dec. 19 as Bitcoin fell below $96k amid the Federal Reserve maintaining a cautious outlook on future interest rate cuts. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged outflows of $680 million on Thursday, breaking a 15-day streak of inflows that had brought over $6.7 billion into the funds. Fidelity’s FBTC led the decline with $208.55 million exiting the fund, followed by Grayscale Bitcoin Mini Trust and ARK 21Shares’ ARKB, which recorded outflows…

XRP Price Shows Resilience While BTC Sinks Deeper

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…