Crypto ETFs Lead the Charge in 2024 Fund Launches According to recent data, cryptocurrency-focused exchange-traded funds (ETFs) have made a significant impact, accounting for 13 of the top 25 ETF launches in 2024. This information highlights the increasing interest and inflows in the crypto ETF sector. Top ETF Launches by Inflows Among the approximately 400 […]
Bitcoin’s Potential Surge to $110K and the Risk of a Dip Below $40K Will Bitcoin experience a dip under $40,000 before it sets its sights on reaching a six-figure value? Bitcoin Price Forecast: Aiming for $110K by 2025 According to prominent crypto analyst Titan of Crypto, Bitcoin (BTC) is expected to reach $110,000 by 2025, […]
Crypto Investment Products Experience $305M Outflow Following Strong US Economic Data Recent developments in the financial landscape indicate that crypto investment products are becoming increasingly affected by shifting interest rate expectations as September progresses. Current Trends in Crypto Investment After a period marked by significant inflows, cryptocurrency investment products have reversed course, facing substantial outflows […]
Japanese Bitcoin Investor Metaplanet Partners with SBI Metaplanet, a prominent Japanese Bitcoin investor, has forged a partnership with SBI Group’s fully-owned crypto exchange, SBI VC Trade. This collaboration is aimed at enhancing Metaplanet’s Bitcoin trading strategies and operational efficiency. Strategic Collaboration Announcement On September 2, Metaplanet’s CEO, Simon Gerovich, shared the news of this strategic […]
Central Banks Increasing Gold Purchases, Yet Bitcoin Outshines Central banks around the world have made significant investments in gold, acquiring a record 483 tonnes in the first half of 2024, pushing the asset to unprecedented highs. Gold Purchases Reach New Heights This surge in gold buying is indicative of a shift towards assets perceived as […]
Bitcoin Miners Experience Lowest Revenues in Nearly a Year Due to Rising Difficulty August marked a significant downturn for Bitcoin miners, recording the lowest revenue month of 2024 and the weakest showing since September of the previous year. August Revenue Figures According to data from Bitbo, miners generated $827.56 million in revenue during August, representing […]
Bitcoin Whales Increasing Holdings: Wallets with 100+ Reach 17-Month Peak Recently, Bitcoin whales have been demonstrating notable activity, accumulating more cryptocurrency even as smaller investors feel compelled to sell their assets. Growth in Larger Wallets Data provided by the blockchain analytics firm Santiment indicates that the number of Bitcoin wallets containing 100 BTC or more […]
Bitcoin Stalls at $60K, Potential Gains for LTC, FET, MNT, and AAVE Traders are observing Bitcoin’s movement, particularly looking for a bounce off the $55,724 support level before considering investments in Litecoin (LTC), Fetch.ai (FET), Mantle (MNT), and Aave (AAVE). Market Overview Bitcoin’s price has faced significant selling pressure, with projections indicating a potential decline […]
Bitcoin Experiences Significant Drop in August as September Begins with New Low Bitcoin’s price dynamics did not show improvement over the weekend, with traders suggesting that liquidity grabs may be forthcoming. Performance Overview On September 1, Bitcoin (BTC) fell by more than 2%, marking a difficult monthly close for bullish investors. BTC/USD 1-hour chart. Source: […]
Canadian Court Orders Repayment of $1.2 Million Bitcoin Loan The Supreme Court of British Columbia has mandated a repayment of $1.2 million in a Bitcoin loan dispute, highlighting the increasing legal recognition of cryptocurrencies. Details of the Dispute The court instructed defendant Daniel Tambosso to return $1.2 million to plaintiff Hung Nguyen, thus concluding a […]
