Bitcoin Magazine

03 мая 2024 18:45

💰 Hong Kong’s spot ETFs experience decline in bitcoin inflows on second trading day

The three spot bitcoin exchange-traded funds in Hong Kong saw inflows of 174.73 BTC ($10.3 million) on the second trading day yesterday, compared to an inflow of 3,910 BTC ($240 million) on the first trading day. The trading volume stood at over $9.7 million on both days, according to SoSoValue data. The caveat with the inflow data is that ETF shares bought via in-kind subscriptions of physical Bitcoin do not generate cash inflows denominated in dollar terms, so they are not included in daily net inflow statistics, SoSoValue clarified.

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Bitcoin Magazine

03 мая 2024 06:45

💰 Standard Chartered Warns Bitcoin Price Could Fall to $50K

Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk of liquidation for some spot exchange-traded fund (ETF) positions, emphasizing that over half of them are currently underwater.

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Bitcoin Magazine

02 мая 2024 15:33

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Bitcoin Magazine

01 мая 2024 19:29

💰 Standard Chartered says bitcoin price could fall further to $50,000

Bitcoin's price fall below the $60,000 mark could be the start of further pain to come, according to Standard Chartered Bank. "BTC's proper break below $60K has now reopened a route to the $50-52K range," Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, said Wednesday in a statement to The Block. "The driver seems to be a combination of crypto-specific and broader macro."

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Bitcoin Magazine

30 апреля 2024 19:04

🇺🇸 US spot 💰 bitcoin ETF outflows continue with $51.5 million more exiting

Spot bitcoin exchange-traded funds in the United States saw more than $51.5 million in net outflows yesterday. Notably, the Grayscale Bitcoin Trust was not the biggest culprit. The ARK 21Shares Bitcoin ETF saw $31.34 million leave the product on April 29, while GBTC experienced $24.66 million in net outflows, per data from SoSoValue. The Fidelity Wise Origin Bitcoin Fund also saw a net outflow of $6.85 million.

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Bitcoin Magazine

29 апреля 2024 18:15

💰 Bitcoin Could Fall to $50K in ‘Correction Mode,’ Says Analyst

Bitcoin prices are in retreat again during Asian trading on Monday morning and analysts are predicting more pain ahead as the correction deepens. Bitcoin has fallen back to more than 15% down from its mid-March peak, dropping to a ten-day low of under $62,000 on Monday morning. On April 28, an analyst feed ‘Stockmoney Lizards’ noted that the halving was over, but bitcoin continues to print red candles.

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Bitcoin Magazine

28 апреля 2024 06:30

💰 The greatest Bitcoin explanation of all time.

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Bitcoin Magazine

27 апреля 2024 07:49

💰 Runes generate over $135 million in fees in first week on Bitcoin network

The Runes token standard was recently launched on the Bitcoin network and has generated over 2129 bitcoin ($135 million) in transaction fees within its first week. Runes utilizes Bitcoin’s UTXO model and the OP_RETURN opcode to offer a more efficient tokenization solution for the network than the BRC20 standard (based on the Ordinals protocols). It allows users to mint tokens on top of Bitcoin, which are generally memecoins.

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Bitcoin Magazine

25 апреля 2024 17:32

BREAKING: 🇪🇺 The EU reportedly prohibits use of anonymous hosted 💰 Bitcoin wallets and cash payments > €10,000

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Bitcoin Magazine

24 апреля 2024 19:01

💰 Bitcoin options worth over $6.3 billion set to expire this Friday on Deribit

Approximately $9.4 billion in cryptocurrency options are set to expire this Friday on the Deribit derivatives exchange. The majority of the options set to expire are bitcoin contracts, with a notional value of $6.35 billion. The put-call ratio ahead of Friday's end-of-month expiry is elevated at 0.68 — an increase in the amount of puts versus calls when compared to the previous week.

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Bitcoin Magazine

23 апреля 2024 17:30

💰 Bitcoin transaction fees surge to make up 75% of miner revenue post-halving

Bitcoin’s fourth halving introduced a long-term and a short-term shift in miner revenue composition as it reduced the amount of BTC rewarded to miners for each mined block by 50% — directly impacting miner incentives and, by extension, the broader Bitcoin economy. On April 19, just before the halving, transaction fees constituted 11% of total.

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Bitcoin Magazine

22 апреля 2024 20:02

💰 Why Coinbase holding 90% of Bitcoin ETF's should worry you says Adam O'Brien

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Bitcoin Magazine

21 апреля 2024 09:34

💰 The Bitcoin Halving explained.

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Bitcoin Magazine

20 апреля 2024 08:50

💰 Bitcoin's fourth halving block sees additional $2.4 million reward paid as fee

The fourth-ever Bitcoin halving block has been confirmed. The halving block appears to be from the crypto mining pool ViaBTC with an additional 37.6256 BTC ($2,401,399) "reward paid as fees of the 3,050 transactions which were included in the block," according to a bitcoin blockchain explorer from Blockchain.com. To be sure, it's possible this block can be changed after it's been confirmed.

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Bitcoin Magazine

19 апреля 2024 19:31

💰 Scaramucci says Bitcoin is ‘still very young,’ predicts $200k long-term price after halving

SkyBridge Capital founder Anthony Scaramucci said that Bitcoin is “still very young” in terms of adoption and predicted significant long-term growth despite its current volatility and recent price fluctuations influenced by global events. In an interview focused on the flagship crypto’s trajectory, Scaramucci highlighted that Bitcoin is still early in its adoption curve, likening its current stage to the early days of the internet around 1999.

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Bitcoin Magazine

03 мая 2024 11:20

Tectum team showcases instant #Bitcoin payments using SoftNote. Mass Adoption is already here! Time to buy $TET
Tg Group is here!

Bitcoin Magazine

02 мая 2024 17:31

💰 Former PayPal President David Marcus says Bitcoin is “going to be the native currency of AI”

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Bitcoin Magazine

02 мая 2024 07:30

🇭🇰 Hong Kong 💰 Bitcoin ETF Issuer ChinaAMC believes in-kind creation will attract not just institutional and retail investors but Bitcoin miners and large holders 🚀

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Bitcoin Magazine

01 мая 2024 05:29

NEW: 🇭🇰 Bitcoin spot ETF recently went live in Hong Kong

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Bitcoin Magazine

30 апреля 2024 09:01

💰 Small Bitcoin holders are accumulating even as prices fall

Bitcoin prices fluctuated dramatically over the past month, a fascinating trend emerged among different Bitcoin holder categories. Analysis of Glassnode's latest data reveals that while larger entities were reducing their holdings, possibly due to profit-taking or reaction to market changes, smaller entities did just the opposite. The balance for entities holding between 0.01 - 0.1 BTC saw the most notable increase.

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Bitcoin Magazine

29 апреля 2024 08:30

🪙 Transaction Fees Plunge to 35% of Bitcoin Miner Revenue Post-Halving: CryptoQuant

Transaction fees have fallen from $80 million on the halving day to $6 million as of April 26. The portion of Bitcoin miner revenue coming from transaction fees has fallen significantly after surging on the day of the last halving event. A CryptoQuant report revealed that transaction fees now represent 35% of total miner revenue, a significant decline from the 75% recorded on April 19.

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Bitcoin Magazine

27 апреля 2024 20:29

💰 DTCC rules out collateral for Bitcoin-linked ETFs

The Depository Trust and Clearing Corporation (DTCC) — a financial services company that provides clearing and settlement services for the financial markets — stated that it will not allocate any collateral to exchange-traded funds (ETFs) with exposure to Bitcoin or cryptocurrencies and will not extend loans against them.

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Bitcoin Magazine

26 апреля 2024 08:50

💰 ViaBTC's 'epic sat' from fourth Bitcoin halving block sells for 33.3 BTC ($2.13 million)

An "epic sat"—an exceptionally rare satoshi, the smallest unit of bitcoin, from Bitcoin's fourth halving block—sold for over $2 million. This milestone not only signifies Bitcoin's fourth halving but also includes a block identified as an epic 'Rare Satoshi' by the Ordinals numbering system," CoinEx Global wrote on the satoshi's auction page, adding on social media, "This auction isn't just a bidding event; it marked the community recognition, media attention and widespread embrace of Bitcoin."

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Bitcoin Magazine

25 апреля 2024 10:05

🇭🇰 Spot Bitcoin, Ether ETFs Get Official Approval in Hong Kong; 'Potential Fee War' Unfolding, Says Analyst

Hong Kong’s market regulator has officially approved the first batch of crypto-related spot exchange-traded funds (ETFs), a first for the city and a move that could establish it as Asia’s leading digital-asset hub and unleash further growth in the sector. The funds could start trading on April 30, Bloomberg Intelligence analyst Eric Balchunas said Wednesday, adding that the management fees are lower on average than previously expected.

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Bitcoin Magazine

24 апреля 2024 07:35

💰 Mining pool ViaBTC auctions rare Bitcoin ‘epic sat’ from recent halving event on CoinEx

ViaBTC, the world’s third-largest mining pool, is initiating an auction for the “epic sat” it uncovered during Bitcoin’s fourth halving event on April 20. “Epic sat” refers to the initial satoshi generated following each halving event, occurring approximately every four years after 210,000 blocks. With just 32 epic sats expected to exist, these units carry exceptional significance within the Bitcoin network. According to the auction page, the highest bid for the asset is 2 BTC, approximately $132,000, as of press time.

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Bitcoin Magazine

23 апреля 2024 07:31

💰 Pro-Bitcoin presidential candidate RFK Jr. says he will "put the entire US budget on blockchain" if elected in 2024.

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Bitcoin Magazine

21 апреля 2024 20:45

DAVE PORTNOY: 🪙 I wouldn’t buy Bitcoin at these levels. I’m don’t think I can stomach getting back in until it’s in the 40’s again

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Bitcoin Magazine

20 апреля 2024 19:29

💰 Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF

Bitcoin ETF provider Grayscale has provided some details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing. The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing. Shares of the BTC trust are to be issued and distributed automatically to holders of GBTC shares.

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Bitcoin Magazine

20 апреля 2024 03:05

BREAKING: 💰 Bitcoin halving officially complete.

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Bitcoin Magazine

19 апреля 2024 03:25

💰 URPD metric indicates a lack of liquidity for Bitcoin below $60,000

Bitcoin experienced a 4% rally on April 18, bouncing back from just below $60,000 on April 17. CryptoSlate has identified $58.8k as a major support level — which is the short-term holder realized price (STH RP) that has previously acted as support during bull runs. If Bitcoin drops below the support level, it could signal a bearish trend, similar to the breach of STH RP in May 2021 that kicked off the bear market.

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