On Monday, the U.S. spot bitcoin exchange-traded funds (ETFs) experienced their first positive inflows, breaking a streak of five consecutive days of outflows totaling $887.6 million. The momentum continued into Tuesday, with the ETFs amassing $418 million in inflows, building on the $15.4 million gained the previous day. Bitcoin ETFs’ Fortunes Flip The week prior […] Original
The price of bitcoin saw a significant fluctuation after remaining fairly consolidated over the past two days. After bulls managed to see bitcoin’s price rise to $71,754, the value dropped to a low of $68,557 per unit shortly after reaching the daily high. Liquidations Rise Following Bitcoin Price Drop Over the past 48 hours, bitcoin […] Original
Spot Bitcoin ETFs have witnessed a recovery this week as the crypto market rebounds, accruing inflows worth $418 million on March 26. Data from investment management firm Farside Investors confirms that the ETF market is leveraging the latest Bitcoin (BTC) resurgence. Notably, the $418 million inflows represent the highest amount of capital flows into these products since March 13. Individual performances show the Fidelity Wise Origin Bitcoin (FBTC) outperformed BlackRock’s iShares Bitcoin Trust (IBIT) for the second consecutive day this week, having attracted the highest inflow on March 26, amounting…
On March 26, 2024, the Web3 modular infrastructure startup 0G secured $35 million in funding from over 40 strategic backers. Representing “zero gravity,” 0G is dedicated to enhancing infrastructure scalability through modular design. Its primary focus is on addressing the essential challenges necessary for the deployment of onchain artificial intelligence (AI) solutions within the Web3 […] Source CryptoX Portal
Following the Department of Justice’s (DOJ) legal action against Kucoin and its founders, analysts from Nansen specializing in real-time onchain data revealed that Kucoin experienced a withdrawal of $99 million in Ethereum-based assets and $109 million in outflows from various EVM-compatible chains. Ethereum and EVM Chains See $200 Million Outflow From Kucoin On a Tuesday, […] Source CryptoX Portal
The cryptocurrency market recently witnessed significant liquidations, totaling over $200 million, as Bitcoin surged past the $69,000 mark. The Bitcoin price surge led to many short positions being liquidated, causing notable financial repercussions across various trading platforms. Bitcoin’s Sudden Rebound And Liquidations The data from Coinglass provide a clearer picture of the impact, showing that around 60,388 traders and counting faced losses exceeding $200 million in just 24 hours. The distribution of these liquidations varied among the major exchanges, with OKX traders experiencing the highest losses at $81.19 million, narrowly…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid a broader market downturn, Jupiter’s token (JUP) surged over 130% in a bullish month for the crypto market. Solana network overtakes Ethereum in trading volume, while Galaxy Fox (GFOX) nears the $5 million mark despite market volatility. In the last month, the crypto market has been on a euphoric bull market rampage, during which Jupiter’s native token has surged by over 130%. At the same time, the Solana…
The Los Angeles Police Department (LAPD) has apprehended three individuals following the theft of bitcoin mining equipment valued at $6.9 million. The Commercial Crimes Division’s Cargo Theft Unit announced the retrieval of all stolen items. California Authorities Arrest Trio for Stealing Bitcoin Mining Hardware On March 19, 2024, the LAPD, along with detectives from the […] Original
An investigation carried out by blockchain sleuth Zackxbt has found that the trend where individuals ask for funds on social networks and promote their meme coin launches has grown in popularity. Almost $150 million has been raised on Solana after Book of Meme (BOME), the token that pioneered this trend, launched earlier this month. Meme […] Source CryptoX Portal
The crypto market has recently experienced a wave of liquidations, amounting to nearly $300 million, closely following Bitcoin’s sharp reclaim of the $67,000 mark. This surge in Bitcoin’s value, a stark reversal from its previous downtrend, caught many traders off guard, especially those who had placed bets on the continuation of the market’s decline. Over 80,000 Traders Faces Liquidation The data provided by Coinglass sheds light on the magnitude of the liquidations, revealing that approximately 86,047 traders suffered losses exceeding $250 million within a mere 24-hour period. Major exchanges like…