Bitcoin Magazine

01 сентября 2024 06:29

💰 Bitcoin network’s maturing phase reflected in post-halving fee stability

Bitcoin transaction fees have exhibited fluctuating patterns since the beginning of 2024, with notable spikes around significant events. The most prominent surge occurred in April, correlating with the Bitcoin halving event. This period saw transaction fees spike briefly to over 1,200 BTC, highlighting the network’s increased demand during this critical period.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

30 августа 2024 22:15

JUST IN: 🇧🇷 Brazil's top court orders immediate suspension of X (Twitter).

🤝 @Cryptocurrency_Inside ✅

Bitcoin Magazine

30 августа 2024 08:49

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.

Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!

🔗 Join now: @Cryptocurrency_Inside

#advertising

Bitcoin Magazine

29 августа 2024 22:45

💰 Bitcoin's Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump

Bitcoin’s difficulty ticked up 2.99% on Wednesday, reaching 89.47 trillion, where it will stay until Sept. 10, 2024. The network’s difficulty metric essentially functions like a self-adjusting thermostat for the Bitcoin network, maintaining a consistent pace of block creation regardless of fluctuations in mining power. Simply put, if hashpower increases and blocks are mined too quickly, the difficulty rises.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

28 августа 2024 21:57

📱Telegram founder Pavel was indicted and placed on supervised release in France. He is required to pay a €5 million deposit and is prohibited from leaving France.

➡️ @Bitcoin_Insights

Bitcoin Magazine

28 августа 2024 08:35

💰 Nasdaq seeks SEC approval to list and trade bitcoin index options

Nasdaq, in partnership with CF Benchmarks, has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Nasdaq Bitcoin Index Options (XBTX). Regulatory approval would enable investors to manage and hedge bitcoin positions using options that track the underlying asset through the CME CF Benchmarks Bitcoin Real-Time Index (BRTI). If approved, these bitcoin options would become the first cryptocurrency derivatives cleared by the U.S. Options Clearing Corporation (OCC).

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

27 августа 2024 08:35

💰 Nasdaq-listed Semler Scientific boosts Bitcoin holdings above 1000 BTC to become top 20 holder

Nasdaq-listed medical technology firm Semler Scientific has expanded its Bitcoin holdings by purchasing an additional 83 BTC for $5.0 million, according to an Aug. 26 statement. The company’s chairman, Eric Semler, explained that the acquisition was primarily funded through cash generated from the firm’s operations and supplemented by funds from its at-the-market equity program.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

26 августа 2024 10:35

💰 Bitcoin’s Last Difficulty Drop Likely to Be Erased in 3 Days

Bitcoin’s hashrate is on the rise once again, edging closer to the peak levels seen at the end of July. Despite a recent 4.19% dip in difficulty during the last retarget, current projections suggest that this drop might soon be history. On Aug. 28, the difficulty is expected to bounce back, potentially increasing by 4% or more.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

24 августа 2024 21:35

💰 Bitcoin ETFs Soar With $252M Influx, Ether ETFs Experience Another Day of Losses

Spot bitcoin ETFs achieved their highest inflow since late July, with the 12 funds collectively pulling in $252 million on Friday. Leading the charge, Blackrock’s IBIT added $86.83 million to its coffers, bringing its total net inflows since Jan. 11, 2024, to an impressive $20.71 billion. Fidelity’s FBTC followed, gathering $64 million, while Grayscale’s Mini Bitcoin Trust absorbed $50.83 million.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

23 августа 2024 17:01

💰 Bybit emerges as dominant exchange with $2.5 billion BTC spot volume

Bybit's recent surge to a $2.5 billion spot volume on Aug. 22 has stunned the crypto community, consistently outperforming even the behemoth Binance in daily volumes. This rapid ascent is not just a fluke; it signals a deeper trend reshaping the trading landscape.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

22 августа 2024 18:01

💰 Spot bitcoin ETFs see fifth consecutive day of positive flows with $39 million in inflows

Spot bitcoin exchange-traded funds in the U.S. hit their fifth consecutive day of positive flows, drawing in $39.42 million on Wednesday. Spot ether ETFs, on the other hand, experienced their fifth straight day of net outflows. Grayscale’s mini bitcoin trust reported $14.2 million in net inflows yesterday, along with spot bitcoin funds from Fidelity and Bitwise, which both recorded around $10 million in inflows, according to SoSoValue data.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

21 августа 2024 17:35

💰 Bitcoin OTC desk balances rise by 60,000 BTC in past 30 days

Bitcoin’s over-the-counter (OTC) desk balances have notably increased in 2024. A significant amount of Bitcoin has been added to OTC desks over the past few months, signaling a shift towards distribution rather than accumulation. This behavior mirrors the trends seen in the second half of 2021 when Bitcoin’s price was elevated but faced increased distribution, eventually leading to a price correction in 2022. Approximately 370,000 BTC are currently held on OTC desk balances, marking a 60,000 BTC increase over the past 30 days.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

21 августа 2024 00:45

💰 Liquidations hit $50 million in an hour as Bitcoin slid 3% to $58.5k

Bitcoin experienced a sharp decline on Aug. 20, falling below the $59,000 mark as selling pressure intensified, leading to significant liquidations in the crypto market. The flagship crypto slid over 3% in an hour, giving up almost all of its gains over the previous trading day after touching a weekly high of $61,400. Bitcoin was trading at $59,000 as of press time, based on CryptoSlate data.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

19 августа 2024 20:31

💰 Bitwise acquires physical bitcoin ETP issuer ETC Group amidst European expansion

The digital asset manager Bitwise has acquired ETC Group, an issuer of cryptocurrency exchange-traded products (ETPs) based in London. The move brings Bitwise's total assets under management to over $4.5 billion, adds nine European-listed digital asset ETPs into Bitwise's product offerings and bolsters Bitwise's expansion into Europe.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

19 августа 2024 09:19

💰 75% of all Bitcoin has been hodled for over 6 months

Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn't been sold or moved for the last six months.

🤝 @Cryptocurrency_Inside ✅

Bitcoin Magazine

31 августа 2024 21:49

🥇 Bitcoin still underperforming stocks since early August deleveraging event: Coinbase

Bitcoin has not performed as well as U.S. stocks and other macro assets over the past few weeks following the widespread deleveraging in early August. On Monday, Aug. 4, the cryptocurrency market shed approximately $367 billion in value within a 24-hour period. This selloff coincided with a broader decline in equities in one of the worst days for risk assets since the "Black Monday" crash of 1987.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

30 августа 2024 19:39

💰 Bitcoin volatility likely to ease as market anticipates Fed rate cuts, says QCP Capital

Bitcoin price volatility is expected to decline as market participants prepare for the potential start of a rate-cutting cycle by the U.S. Federal Reserve next month. "In the lead-up to next week’s U.S. non-farm payroll report, we expect market volatility to continue its downtrend as the market positions itself for potential rate cuts by the Fed." QCP Capital analysts said.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

30 августа 2024 07:40

💰 Bitcoin falls back to $59k after bulls fail to sustain momentum

Bitcoin (BTC) lost the momentum seen over the past day and slid below $59,000 after bulls failed to push prices past the key $61,000 price, which has previously acted as a support and resistance level. The flagship crypto fell to a low of $58,866, erasing almost all of the 3.2% gain recorded over the past day within an hour. As of press time, BTC was trading at $59,200 — roughly back where it started the brief rally earlier this week.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

29 августа 2024 06:50

🥇 Acre’s yield-bearing stBTC token is now live on Bitcoin scaling network Mezo

Mezo, the yield-bearing Bitcoin Layer 2 being developed by venture studio Thesis, is launching a liquid-staked bitcoin token in what could be a first for the network. Users mint stBTC by depositing either BitGo's wrapped bitcoin (WBTC) or the bitcoin-backed Ethereum token tBTC on Mezo, paying a fee and locking their tokens. These stBTC tokens can then be ported over to the tBTC/stBTC pool on DeFi platform Curve to receive Curve LP tokens.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

28 августа 2024 18:45

💰 Bitcoin options highlight bullish sentiment towards $90,000 by September

Bitcoin, approximately $3.6 billion of notional value is set to expire, with a total open interest of 60,316 BTC. The put-to-call ratio stands at 0.61, indicating a somewhat bullish sentiment. Specifically, there is 37,477 BTC in call open interest compared to 22,839 BTC in put open interest, with the max pain price positioned at $61,000. This price level, close to Bitcoin’s current trading value of around $60,000, suggests that many traders are positioning for stability or a slight upward movement in the short term.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

27 августа 2024 16:50

🥇 Spot bitcoin ETFs see eighth day of inflows, led by BlackRock's $224 million

Spot bitcoin exchange-traded funds in the U.S. saw $202.51 million in total daily net inflows on Monday, marking their eighth consecutive day of positive flows. The 12 bitcoin funds have drawn in $756 million over the past eight trading days. Monday’s largest net inflows came from BlackRock’s IBIT fund, totaling $224.06 million, its largest daily inflows since July 22, according to data from SoSoValue.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

26 августа 2024 17:14

💰 Bitcoin sees $543 million in inflows after Powell’s dovish remarks

According to CoinShares’ latest weekly fund flow report, crypto investment products saw their largest inflows in five weeks, with $533 million pouring into the sector. James Butterfill, head of research at CoinShares, explained that these inflows followed remarks by US Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium last week.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

25 августа 2024 13:15

💰 Robert Kiyosaki Pushes Bitcoin as US Debt Soars to Alarming Levels — Warns of Banking System Failures

Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned that the U.S. is adding a trillion dollars to its debt every 100 days. He advises investing in gold, silver, and bitcoin to safeguard against economic instability. Kiyosaki also points out the dangers of relying on traditional banks, noting that banking panics are often hidden, leaving most people unaware when their bank is insolvent.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

24 августа 2024 08:35

💰 JPMorgan lowers bitcoin mining stock targets amid price drop and rising hashrate

JPMorgan has downgraded price targets for bitcoin miners to reflect second-quarter results and other company-specific announcements, such as fleet efficiency improvements and hashrate targets. The decline in price targets is primarily due to a drop in bitcoin prices since the last model update, reducing the spot bitcoin price assumption from $68,000 to $60,000, according to an analyst report from the investment bank released Friday.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

23 августа 2024 09:35

💰 One Bitcoin now buys over 10,000 Big Macs, up from just 51 in 2015

Bitcoin’s purchasing power, as measured by the Big Mac Index, has significantly increased over the past decade. In 2024, one Bitcoin can buy approximately 10,500 Big Macs, a substantial 20,488% rise from just 51 Big Macs in 2015. This growth highlights Bitcoin’s dramatic appreciation in value relative to a consumer staple like the Big Mac.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

22 августа 2024 08:34

💰 Bitcoin climbs to $61.7k as Fed minutes hint at rate cut in September

Bitcoin (BTC) is back above $61,000 after leaping 3.5% in the past 24 hours, fueled by the release of bullish Fed minutes related to the July meeting on Aug. 21. Ethereum (ETH) followed with 1.5% growth in the same period, while Solana (SOL) remained in the red for the day — down 0.6% as of press time.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

21 августа 2024 07:50

💰 CME BTC futures open interest dips then rebounds to $5.64 billion as institutional investors adjust to volatility

Open interest (OI) of longs on CME futures by asset managers reached $4.97 billion two weeks ago. This marks the metric's lowest point since early March and is a significant drop from the all-time high of $6.74 billion observed in the first week of July. The recent dip suggests that asset managers have been reducing their long exposure to BTC, possibly in response to recent market volatility or as part of risk management strategies in a period of macroeconomic uncertainty.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

20 августа 2024 07:05

💰 Bitcoin Miner Greenidge Files Legal Complaint Against New York Regulator, Reports Q2 Earnings

Greenidge Generation Holdings Inc. has initiated legal action against the New York State Department of Environmental Conservation, challenging the denial of its air permit renewal. The company also reported its second-quarter financial results, highlighting cost reductions and ongoing business transformation.

Source

/channel/Bitcoin_Magazine

Bitcoin Magazine

19 августа 2024 19:55

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.

Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!

🔗 Join now: @Cryptocurrency_Inside

#advertising

Bitcoin Magazine

17 августа 2024 09:16

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.

Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!

🔗 Join now: @Cryptocurrency_Inside

#advertising