Crypto-related investment products continued their upward trajectory, recording inflows of $646 million within the past week, according to CoinShares‘ weekly report. This inflow brings the total for the year to an unprecedented $13.8 billion, propelling the total assets under management to a staggering $94.47 billion. Bitcoin ETF hype moderating Trading …
The future price and valuation of Bitcoin is a hot topic of debate, with varying predictions from different camps. One sentiment is maintained by most, though, and that is the fact that the cryptocurrency is going to trade at a much higher valuation than it is currently. Skybridge Capital CEO …
The Bitcoin price has somewhat slowed down since reaching the unprecedented high of $73,000, moving mostly sideways since mid-March. However, with the halving event less than a fortnight away, all eyes will be on the premier cryptocurrency and all that pertains to it over the next couple of weeks. According …
The recent approval of Bitcoin exchange-traded funds (ETFs) by the SEC sent jitters through the financial world. Initial concerns about fading demand seem unfounded as Bitcoin ETFs continue to shatter trading volume records. This is further bolstered by three consecutive sessions of net inflows into these investment vehicles. Bitcoin ETF Inflows …
Generally, the crypto market has been experiencing a pullback after Bitcoin and many other coins like Ethereum have recorded a new all-time high of which Arbitrum (ARB) was not left behind. Arbitrum, which has a lot of potential with a market cap of over $3.8 billion and a circulating supply …
The recent ratio between Bitcoin (BTC) and Ethereum (ETH) prices suggests a potential decline in risk appetite within the crypto market. The ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin than its smaller rival, Ethereum. This development has led crypto asset trading firm …
“If we look at demand generally since the ETFs have launched, it has created tremendous supply shock already,” said Brian Dixon, CEO of investment firm Off the Chain Capital. “Once the halving occurs, and that supply is further reduced, it’s only logical to think that the price will appreciate.” Source …
Short-term Bitcoin holders have been going on a buying spree lately, accumulating over 1.2 million BTC since December 2023, according to Glassnode. Bitcoin has received major interest from investors since the beginning of the year, and rightly so, considering the amount of attention brought by the launch of Spot Bitcoin …
Ethena Labs has revealed its latest strategic move: the inclusion of Bitcoin (BTC) as collateral for its synthetic dollar-pegged product, USDe. This decision, aimed at significantly scaling the product’s supply from its current $2 billion, capitalizes on the burgeoning BTC derivative markets for enhanced scalability and liquidity in delta hedging …
Renowned crypto analyst Jelle has caught the attention of the Bitcoin (BTC) community with his bold prediction of a target price of $82,000. Notably, despite recent challenges in breaking above the $66,000 mark, Bitcoin currently hovers around $67,780, showing resilience in the face of a short-term pullback. BTC To $82,000 …
