Tag: btc

Bitcoin ETFs see continued inflows as BTC climbs back above $100K

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Spot Bitcoin exchange-traded funds in the United States recorded their tenth consecutive day of inflows on Dec. 11, with $223.03 million entering the funds as Bitcoin climbed back above the $100,000 mark. According to data from SoSoValue, the majority of inflows on Dec. 11 went into Fidelity’s FBTC, which saw $121.9 million in new investments, extending its inflow streak to ten days. ARK and 21Shares’ ARKB fund and Grayscale’s GBTC also contributed significantly, with inflows of $52.67 million and $20.13 million, respectively. Additionally, Grayscale Bitcoin Mini Trust, Biwise’s BITB, and…

BTC $200K, COIN in S&P 500, and a Number of Crypto IPOs Among Bitwise 2025 Predictions

With the highly successful introduction of spot bitcoin exchange-traded funds, the U.S. crypto regulatory situation looking much rosier now that former President Donald Trump has been elected for a second term, and the bullish price action, it’s undeniable that 2024 was a big year for crypto. But things could get even crazier in 2025, according to Bitwise Asset Management, a firm which specializes in developing crypto investment products. The company laid out 10 crypto predictions for the year to come in a report released Wednesday, penned by the firm’s chief…

Does Google’s Willow Spell The End for Bitcoin (BTC) Future? Not Really Say Experts

Google’s new quantum computing chip could mean bitcoin (BTC) is finished. That was the sentiment for some on Monday as the internet giant unveiled Willow, a quantum supercomputer that can perform certain computational tasks in just five minutes that would take classical supercomputers an astronomical amount of time—specifically, 10 septillion years (or one followed by 24 zeroes; a trillion trillion). 10,000,000,000,000,000,000,000,000. Such an amount of time is greater than the existence of the entire universe at 13.8 billion years. In superficial theory, such a powerful computer could mean no passwords…

Bitcoin ETFs log $479m inflows despite BTC flash crash below $95k

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Spot Bitcoin exchange-traded funds in the U.S. recorded $479.06 million in inflows on Dec. 9, even as Bitcoin’s price briefly plunged below $95,000, triggering a downturn in the broader crypto market. According to data from SoSoValue, the latest net inflows into 12 spot Bitcoin ETFs marked the eighth consecutive day of positive movement, bringing cumulative inflows over this period to $3.6 billion. BlackRock’s IBIT led the pack for the seventh straight day, attracting $394.07 million in inflows on Dec. 9. Fidelity’s FBTC also performed strongly, securing $175.47 million in inflows.…

Bitcoin Price (BTC) Declines 5% to $95K; Ether Price (ETH) Down 10%.

A slow bleed in crypto since late in the weekend accelerated into the early evening U.S. hours on Monday, leaving nearly the entirety of the sector sharply lower. With prices in quick retreat, bitcoin (BTC) at press time had fallen back to just above $95,000, down about 5% over the past 24 hours. Ether (ETH) was down 10% to $3,590. The broader CoinDesk 20 Index was lower by more than 8% over the same time frame, led by roughly 20% dives for Cardano (ADA), Avalanche (AVAX), and XRP (XRP). Over…

Bitcoin (BTC) Price Hits Mid-Cycle Peak as Retail Interest in Altcoins Soars

By Omkar Godbole (All times ET unless indicated otherwise) The crypto market has begun the week on a negative note, with bitcoin (BTC) lower after a weekend spent wrestling with the $100,000 mark amid reports that Amazon shareholders are pushing for an allocation to the cryptocurrency. The persistent indecisiveness since Dec. 5 amid increased retail participation has some indicators pointing to a mid-bull cycle top. For example, BTC’s value days destroyed (VDD) indicator, a velocity gauge, has jumped to 2.0 from 0.5, signaling that older coins are being sold. As…

Analyst Reveals Why BTC Will Hit Its Top A Month From Now Below $150,000

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Este artículo también está disponible en español. Crypto analyst Tony Severino has revealed that the Bitcoin price bull run could end as soon as January 2025. The analyst further projected that BTC will top below $150,000 as its bull run ends by next month.  Bitcoin Price Could Top By January 2025 Below $150,000 In an X post, Tony Severino reaffirmed his theory that the Bitcoin price could top as soon as January 20, 2025.  He shared an accompanying chart showing that BTC follows a textbook example of a “complete” market…

Bitcoin Miners 85,503 BTC Transfer To Yield Neutral Effect On Price

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Spot Bitcoin ETFs Flip Nakamoto To Become Largest BTC Holder

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Este artículo también está disponible en español. US Spot Bitcoin ETFs have significantly transformed both Bitcoin and the broader crypto industry. These ETFs have seen their value and holdings grow massively since their launch in January 2024, breaking multiple ETF records in traditional finance. Related Reading As it stands, US Spot Bitcoin ETFs have now surpassed BTC’s elusive creator, Satoshi Nakamoto, as the largest holder of Bitcoin.  A Historic Milestone For Bitcoin ETFs US Spot Bitcoin ETFs have reached a remarkable milestone, becoming the single largest holder of the top…

Weekly Bitcoin ETF inflows resume with $2.73b, BTC to $200k?

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Bitcoin exchange-traded funds saw a positive shift this week, attracting $2.73 billion in inflows, with analysts expecting even greater momentum as Bitcoin has managed to surpass $100k. The 12 Bitcoin ETFs recorded positive inflows throughout the week, driven by optimism about a more crypto-friendly regulatory environment under President-elect Donald Trump, who recently appointed pro-crypto former federal regulator Paul Atkins as SEC chair, succeeding the anti-crypto Gary Gensler. The highest inflows of the week, totaling $766 million, were recorded on Dec. 5, alongside a 50% surge in daily ETF trading volume,…