The initial euphoria for the spot bitcoin ETFs has seemingly dampened and reality is slowly kicking in with inflows recently unable to keep up with the still speedy pace of exits from Grayscale’s Bitcoin Trust (GBTC). The result is that in the week ended April 12, the spot ETFs as a whole saw a net […]
Cryptocurrency
Why Bitcoin ETFs with ‘zero flows’ don’t mean what you think
Bitcoin exchange-traded funds (ETFs) having days of zero inflows is completely normal and shouldn’t be misinterpreted as a failure of the products themselves, says Bloomberg ETF analyst James Seyffart. On most days, the “vast majority” of all United States ETFs post zero inflows — something completely normal for any ETFs in a given sector, Seyffart […]
Bitcoin halving, crypto mining: Riot Platforms CEO discusses
Bitcoin (BTC-USD) prices are holding above $63,000 as the cryptocurrency gives up some ground on Monday. The bitcoin halving event is projected to take place this Friday, April 19, which operates to reduce the amount of available bitcoins in circulation once every four years. The bitcoin halving directly impacts the profits of bitcoin miners, including […]
Bitcoin’s spot price action does little to spook BTC options traders
The 13.3% drop in Bitcoin price between April 12 and April 13 forced many traders out, primarily those who had leveraged their positions. This significant movement triggered $387 million in forced liquidations of long positions and reduced the open interest by $5.4 billion. At first glance, the price action and its effect on the derivatives markets […]
Hong Kong regulators approve launch of spot bitcoin and ether ETFs
Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), asset managers said, following U.S. moves this year to bring these products to market. Bitcoin was trading around 3% higher at 7:11 a.m. ET after a rough sell-off over the weekend. Three ETF providers have been approved by Hong Kong’s Securities and Futures […]
Crypto Advocates Weigh in on Bitcoin’s Sudden Drop Amid Middle East Tensions
On April 13, Iran initiated a drone strike on Israel followed by reports that unmanned aerial vehicles (UAVs) were intercepted by Israeli, U.S., and other Western allied forces. Concurrently, bitcoin and the broader crypto economy experienced a significant downturn, with many analyzing the fundamentals in the context of a potentially intensifying military conflict. Community Reacts […]
Only 6 altcoins in the top 50 have outperformed Bitcoin this year
Only six altcoins among the top 50 tokens by market cap have managed to outperform Bitcoin so far this year, asBitcoin dominance reached a three-year high over the weekend. The memecoin Dogecoin stands as the best-performing altcoin in the top 50, having posted year-to-date gains of just over 77% — climbing from $0.09 on Jan. […]
Could Bitcoin Really Gain Another $1 Trillion in Value After the Halving?
Over the past 15 months, Bitcoin (CRYPTO: BTC) has absolutely been on fire. It is up over 320% and is currently trading near its all-time high of $73,750. Right now, Bitcoin has a market cap of more than $1 trillion. So, what if I told you that Bitcoin was just getting started and that it could gain another […]
Bitcoin dominance hits 3-year high as BTC price dip pressures altcoins
Bitcoin market cap dominance has hit its highest level in three years as altcoins feel renewed price pressure. Data from Cointelegraph Markets Pro and TradingView shows Bitcoin’s share of the total crypto market cap spiking to 56.3% on April 12. Altcoins see “real damage” in wake of BTC price rout BTC price action suffered into the weekend with a liquidation cascade […]
Bitcoin’s halving countdown continues with one week to go
Bitcoin’s next halving event is now just one week or approximately 1,000 blocks away, according to The Block’s Bitcoin Halving Countdown page. The estimated countdown is based on Bitcoin’s average block generation time of 10 minutes, setting a potential date of April 20 at around 9 a.m. UTC (5 a.m. ET), to reach the next halving […]