Bitcoin Magazine

22 мая 2024 17:40

💰 WisdomTree first to get nod from FCA on spot Bitcoin ETP ahead of multi-product UK launch

WisdomTree has received approval from the Financial Conduct Authority to list its physically-backed Bitcoin and Ethereum ETPs on the London Stock Exchange. This approval allows WisdomTree to introduce the WisdomTree Physical Bitcoin and WisdomTree Physical Ethereum ETPs, targeting the May 28 lifting of UK restrictions. These ETPs, available exclusively to professional investors, have a management expense ratio of 0.35%, making them reportedly among the lowest fee institutional-grade crypto ETPs in Europe.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

21 мая 2024 08:00

💰 Bitcoin to Reach $420K by Decade's End, Says Ric Edelman

Ric Edelman, founder of Edelman Financial Engines, forecasts bitcoin will reach $420,000 by the decade’s end. He explained that if 1% of the world’s $738 trillion in financial assets were allocated to bitcoin, it would result in $7.4 trillion in inflows, raising bitcoin’s price to $420,000.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

19 мая 2024 19:00

💰 Blackrock Bitcoin ETF Attracts 414 Institutional Holders — Analyst Says IBIT 'Blows Away Record'

Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has amassed 414 insitutional holders in less than three months, according to filings with the U.S. Securities and Exchange Commission (SEC). A senior Bloomberg analyst described this achievement as “mind-boggling” and “highly rare” for new ETFs. Other recently launched ETFs have significantly fewer institutional holders.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

18 мая 2024 03:59

JUST IN: 🇺🇸 Founder of SkyBridge Capital, speaks on doing the homework on Bitcoin and how skeptics are now embracing $BTC for the long term

/channel/Bitcoin_Magazine

Bitcoin Magazine

16 мая 2024 19:40

🪙 Bitcoin ETF Flows Surge to Two-Week High as BTC Soared Beyond $66,000

Inflows for spot Bitcoin ETFs in the United States soared to $303 million on May 15 amid a big jump in BTC prices. It is the highest inflow since May 3 as institutional investors pivoted back to bullish in the wake of the US Consumer Price Index (CPI) data on May 15 which met expectations. Fidelity led the pack with its FBTC fund seeing $131 million in inflows for the day, its highest inflow since March 26. Bitwise’s BITB fund also had a solid day with an inflow of $86 million, a figure not beaten since March 4.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

15 мая 2024 18:19

💰 Daily spot bitcoin ETF inflows top $100 million as ARKB overpowers GBTC

Spot bitcoin exchange-traded funds in the United States returned to a daily net inflow of over $100 million yesterday as inflows into the ARK 21 Shares Bitcoin ETF (ARKB) overpowered the usual outflows from the Grayscale Bitcoin Trust. According to data from SoSo Value, approximately $133 million flowed into ARKB, bringing its cumulative net inflow to $2 billion. Conversely, GBTC witnessed another $51 million flow out of the product, bringing its cumulative net outflows to $18 billion.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

14 мая 2024 20:04

💰 Bitcoin Runes Protocol Sees Traction Waning After Much-Hyped Introduction

Activity on the Bitcoin Runes protocol has slowed over the past week, a sign it has failed to generate meaningful traction among users despite a stellar start last month. Runes takes the Ordinals protocol a step further by making transactions even cheaper and faster. Ordinals are a way to embed data into the Bitcoin blockchain by inscribing references to digital art into small Bitcoin-based transactions.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

13 мая 2024 18:28

🇸🇻 El Salvador reveals Bitcoin treasury holdings, totaling over 5,700 BTC worth roughly $360 million

El Salvador has taken a significant step towards transparency in its Bitcoin adoption journey. The National Bitcoin Office (ONBTC) of El Salvador has unveiled its Bitcoin treasury holdings. This milestone in proof of reserves reveals that El Salvador’s Bitcoin treasury holdings currently stand at 5,748.76 BTC, which translates to a staggering $360,021,592 in US dollar value. The data further shows that in the past seven days, El Salvador has purchased 7 BTC, and in the past 30 days, it has acquired 30 BTC.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

11 мая 2024 18:05

💰 Bitcoin Miner Cleanspark’s Net Income Tops $126.7 Million in 'Record-Breaking' Quarter

In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes the company’s “record-breaking” performance to the surge in bitcoin prices.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

10 мая 2024 18:02

💰 Bitcoin options traders bet price could surpass all-time high by end of June, analyst says

Based on recent options data from Binance, bitcoin open interest is concentrated at a strike price of $75,000 for the end-of-June expiry, an analyst said. According to Ruslan Lienkha, the chief of markets at Cyprus-based exchange YouHodler, the open interest concentration focuses on bitcoin's all-time high. Bitcoin reached its all-time high of over $73,000 in the middle of March, according to The Block's Price Page.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

09 мая 2024 17:45

💰 Bitcoin Mining Difficulty Sees Largest Plunge Since December 2022

The last time Bitcoin witnessed a negative adjustment similar to the one it recorded today was 18 months ago when BTC was worth $17,000. The Bitcoin network’s mining difficulty has experienced its largest negative adjustment since December 2022, when the bear market was in full gear. According to data from the real-time Bitcoin dashboard Bitbo, the mining difficulty fell 5.7% to 83.1 trillion on Thursday at block height 842,688.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

08 мая 2024 18:35

💰 Bitcoin’s 280% surge from cycle lows mirrors previous bull cycles

Since bottoming out around $15,500 in November 2022, Bitcoin’s performance has been on a consistently upward trajectory. This growth culminated in new all-time highs in March 2024, marking a staggering 280% surge from its cycle low. However, the market has experienced several healthy corrections during this bullish trend. In March 2023, Bitcoin saw a 22% drawdown, followed by a 20% correction that lasted from April to June 2023.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

07 мая 2024 18:54

🇺🇸 US 💰 Bitcoin ETFs see record outflows as 🇭🇰 Hong Kong counterparts thrive

According to the report, the market saw an outflow totaling $251 million, with the Newborn Nine spot Bitcoin ETFs accounting for over 60%, or $156 million, of these flows. A breakdown of the flows showed that Fidelity’s FBTC saw the highest outflow amount, with $131 million exiting the fund, followed by Ark 21 Shares’ ARKB, which saw outflows amounting to $84 million.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

06 мая 2024 18:35

💰 Bernstein’s Bitcoin Price Prediction of $150K Reaffirmed by Analysts

Analysts at investment research firm Bernstein have reaffirmed their prediction that bitcoin (BTC) would hit $150,000 in this bull cycle despite the asset’s retracement in recent weeks. According to a recent report, Bernstein analysts Gautam Chhugani and Mahika Sapra said Bitcoin metrics show the network is in a healthy cycle still in its early stages. Notwithstanding the latest dip, the leading cryptocurrency is far from done.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

05 мая 2024 07:50

💰 Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August

Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices to bottom, chop, and begin a slow grind higher.”

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

22 мая 2024 08:14

💰 Bitcoin Price to Soar as Japan’s Economy Worsens: BitMEX’s Arthur Hayes

The weakening Japanese yen could potentially lead to actions that drive up the price of bitcoin and other cryptocurrencies, according to former BitMEX CEO Arthur Hayes. His central argument revolves around the fact the Japanese yen has been rapidly weakening against the US dollar due to the large interest rate differential between the two currencies. This hurts Japan’s export competitiveness against China.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

20 мая 2024 18:20

💰 Number of new Bitcoin wallets drops to lowest level since 2018

Six months ago, excitement around spot Bitcoin ETFs, developments in the Bitcoin ecosystem such as Ordinals, and the upcoming halving drove the average weekly number of new Bitcoin addresses to approach its highest levels since its all-time high value in December 2017. Yet six months on, just like in early 2018, the number of new addresses joining the network has cratered as the fervor around new Bitcoin projects dies down.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

18 мая 2024 18:55

💰 Morgan Stanley Latest Bank to Disclose Spot Bitcoin ETF Holdings for Clients

Morgan Stanley was the owner of $269.9 million of Grayscale’s Bitcoin Trust (GBTC) as of March 31, a 13F filing showed. It is important to note that these purchases don't necessarily represent the banks' views on the direction of bitcoin's price, but instead were likely either made on behalf of the banks' wealth management clients or necessary for market making and/or ETF authorized participant duties.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

17 мая 2024 08:35

💰 JPMorgan revises bitcoin production cost estimate to $45,000

JPMorgan has revised its central estimate of bitcoin production cost to $45,000 from the previous $42,000 projection amid a shift in bitcoin mining hashrate. This appears to be happening, albeit with some delay," JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Thursday. "The current hashrate and power consumption put our central estimate of the bitcoin production cost to around $45,000, i.e., well below current prices" of around $65,000, the analysts added.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

16 мая 2024 07:35

💰 Morgan Stanley reveals $270 million investment in Bitcoin ETFs, making it top GBTC holder

Morgan Stanley revealed a $269.9 million investment in spot Bitcoin ETFs via Grayscale’s GBTC in its first quarter 13F disclosure. Based on Fintel data, the investment makes it one of the largest holders of GBTC, following Susquehanna International Group’s leading $1.0 billion investment. Morgan Stanley is also one of many Global Systemically Important Banks (G-SIBs) that have disclosed investments in spot Bitcoin ETFs, alongside the Royal Bank of Canada, JP Morgan Chase, Wells Fargo, BNP Paribas, and UBS.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

14 мая 2024 21:25

🚀 Discover the Future with Jack the Goat ($JACK) - A Groundbreaking Meme Coin on Solana! 🌟🐐

Why $JACK?

⚫Thriving Community: Over 1400 active members fueling our explosive rise! @JacksPortal
⚫Colossal Potential: Get in on the ground floor of what experts predict could be a 1000x gem! 💎
⚫ Vital Stats: Market Cap: $500,000 | Holders: ~500 | Contract: 68eD7fdMVEqKDev9jChsBxtvg45XF2FKsnVRfDTpxCkK

How to Get $JACK:
1. Download Phantom Wallet .
2. Purchase $SOL, transfer to your wallet.
3. Swap for $JACK on Jupiter or Raydium. 😀

🔥 Join us now at https://jackthegoat.com and be part of this monumental journey with $JACK! 🚀

#Ad

Bitcoin Magazine

14 мая 2024 08:14

💰 Bitcoin Miner Marathon In Talks With Kenya to Help With Its Green Energy Ambitions

Marathon Digital (MARA), one of the largest bitcoin mining companies, has held talks with Kenya to help manage the country's renewable energy through mining and develop its crypto regime. Kenya's President William Ruto recently met up with the Marathon's team during an American Chamber of Commerce event hosted in Kenya.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

12 мая 2024 19:54

💰 Bitcoin ETFs Holding Now Accounts For 4.5% Of The Total Bitcoin Supply

According to data from HODL15Capital, as of May 10, Bitcoin exchange-traded funds (ETFs) worldwide collectively held 949,756 Bitcoins. The Bitcoin ETFs holding is constituting 4.5% of the total Bitcoin supply. U.S.-based spot Bitcoin ETFs acquired 1,318 Bitcoins throughout the week, with GBTC experiencing outflows. Glassnode highlighted that Bitcoin reached a pivotal phase three months ahead of Ethereum, with the news surrounding ETFs significantly impacting this acceleration.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

11 мая 2024 08:55

💰 Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030

Former Twitter CEO and now founder and backer of several crypto projects, Jack Dorsey, believes that bitcoin (BTC) will go as high as $1 million by 2030. When asked about a price prediction for bitcoin in an interview with Pirate Wires, Dorsey said, “I don’t know. Over… at least a million. I do think it hits that number and goes beyond.” While the price of the cryptocurrency is interesting, he said, it’s the ecosystem and movement that fascinates Dorsey.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

10 мая 2024 07:50

🇺🇸 US Bancorp, Rothschild firm disclose spot 💰 Bitcoin ETF purchases of roughly $20 million in Q1

US Bancorp disclosed spot Bitcoin ETF investments worth over $15 million on May 8. The company revealed it purchased roughly 87,744 shares of Fidelity’s FBTC worth $5.4 million, 46,011 shares of Grayscale’s GBTC worth $2.9 million, and 178,567 shares of BlackRock’s IBIT worth $7.2 million. The company’s total investments stood at $71.8 billion, based on its latest 13F filing. US Bancorp is among the largest bank holding companies in the US, with over $663 billion in AUM at the end of 2023.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

09 мая 2024 07:35

🇺🇸 Former President Donald Trump says he'll stop the hostility towards crypto in the US and embrace it.

/channel/Bitcoin_Magazine

Bitcoin Magazine

08 мая 2024 06:45

💰 Bitcoin market 'improving' after hitting local low of $56,500: Standard Chartered

Standard Chartered has revised its short-term forecast for Bitcoin, predicting a rebound from a recent low of $56,500, a shift from last week's prediction that the cryptocurrency would dip into the $50,000-$52,000 range. "Things are improving and we have likely seen the low at $56,500 on 1 May," Standard Chartered Bank Head of FX Research and Digital Assets Research Geoff Kendrick said.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

07 мая 2024 08:30

💰 “I will be buying the top forever and Bitcoin is the Exit Strategy.”

- Michael Saylor

/channel/Bitcoin_Magazine

Bitcoin Magazine

05 мая 2024 20:20

💰 Jack Dorsey's Block Will Reinvest 10% of Bitcoin Profits Into BTC

Block, formerly known as Square, Inc, detailed a months-long plan during its earnings call Thursday to buy Bitcoin with 10% of its gross profits from Bitcoin-related products and services. “In April, Block implemented a Bitcoin dollar cost average (DCA) purchase program that will run through 2024,” the company said in a blog post. “Under the program, Block will be investing 10% of its gross profit from Bitcoin products into Bitcoin purchases.”.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

04 мая 2024 18:15

🥇 Grayscale's GBTC spot bitcoin ETF sees $63 million of inflows, ending 78-day outflow streak

Grayscale’s GBTC spot bitcoin exchange-traded fund witnessed its first-ever (since it was converted) daily net inflows on Friday, ending a 78-day run of consecutive outflows. GBTC’s cumulative outflows since the U.S. spot bitcoin ETFs began trading on Jan. 11 totaled more than $17.5 billion by May 2, but the higher-fee fund suddenly generated $63 million worth of inflows on Friday, according to data from Farside Investors and CoinGlass.

Source

/channel/Bitcoin_Magazine