US-based spot Bitcoin exchange-traded funds (ETFs) are nearing a significant milestone following record-breaking growth during 2024 as BTC crossed the $100,000 price level. The US spot Bitcoin BTC$97,025 ETFs are just 2.2%, or $2.2 billion, away from crossing $110 billion in cumulative holdings, which makes up over 5.7% of the entire Bitcoin supply, Dune data shows. Bitcoin ETFs, […]
Cryptocurrency
Improving Bitcoin price metrics highlight bears’ dwindling confidence in sub-$95K BTC
Bitcoin BTC$95,024 has struggled to maintain prices above $95,000 since Dec. 28, but demand for leveraged positions has been on the decline. During this period, bulls faced $470 million in liquidations, while bears showed reduced appetite, especially as Bitcoin tested levels below $92,000. Measured by its open interest—the total number of contracts across all Bitcoin futures markets—the […]
3 Reasons Bitcoin Is a Must-Buy for Long-Term Investors
Bitcoin (BTC 1.12%) has had a phenomenal year, winning over investors from individuals all the way to institutions and even the incoming president. The top crypto has surged 122% in 2024 (as of Dec. 30), as it once again crushed the performance of the stock market. As we set our sights on 2025 and beyond, you are probably […]
Is the Bitcoin Bull Market Over? Analysts Weigh In
Has Bitcoin Peaked? Analysts Spot Ominous Signals In a market update published on Dec. 29, 2024, the firm acknowledges the cryptocurrency’s resilience, however, emerging technical patterns suggest the market may be entering a new phase. 10x Research is a digital asset research service catering to asset managers, wealth managers, and cryptocurrency service providers. Over the past two weeks, 10x […]
Proposal mandating the Swiss National Bank to hold Bitcoin now underway
A fresh proposal to constitutionally mandate the Swiss National Bank (SNB) to hold Bitcoin on its balance sheet has been set in motion by the Swiss federal chancellery on Dec. 31. The proposal will need to accumulate 100,000 signatures for it to be put to a public referendum, according to Tether’s vice president of Energy and Mining Giw Zanganeh, […]
BlackRock’s Bitcoin ETF tops rivals in 2024 net inflows
BlackRock’s spot Bitcoin BTC$93,679 exchange-traded fund (ETF) clocked more than $37 billion in net inflows during 2024, outpacing its competitors, according to data from Farside Investors. BlackRock’s iShares Bitcoin Trust (IBIT) netted more than three times the inflows of runner-up Fidelity Wise Origin Bitcoin Fund (FBTC), which attracted nearly $12 billion in net inflows this year, Farside said in […]
What are Bitcoin Ordinals?
Bitcoin has come a long way since launching in 2009 as a fairly obscure form of digital cash. The project would go relatively unnoticed by the general public for several years, gaining popularity in 2013 and skyrocketing to become the largest asset class in the world. In fact, while Bitcoin was the first-ever cryptocurrency, its […]
Bitcoin Drops to $92,000 as Long-Term Holders Keep Taking Profit
Crypto prices are experiencing a rocky Monday due to poor U.S. macroeconomic data and rampant profit-taking. Bitcoin (BTC) has dropped 1.8% in the past 24 hours to $91,800, a price not seen since Dec. 5, the day it broke through $100,000 for the first time. The largest cryptocurrency has fallen more than 14% from its […]
Bitcoin is ending 2024 on a losing streak. Here’s why it could pop in January
Bitcoin is ending 2024 on a downward skid — falling nearly 5% in December — despite yet another big weekly purchase from MicroStrategy. As investors turn the calendar into 2025, historical market data indicates January could be a big month for Bitcoin and the rest of crypto. According to data compiled by Coinglass, Bitcoin has […]
MicroStrategy buys $209 million of bitcoin as purchases lessen
MicroStrategy Inc (MSTR). said it bought $209 million of Bitcoin (BTC-USD), marking the eighth consecutive week of purchases for the dot-com-era software maker turned leveraged proxy for the original cryptocurrency. Michael Saylor, co-founder and chairman of the Tysons Corner, Virginia-based firm, has focused on increasing MicroStrategy’s holdings of Bitcoin. This strategy has led the company […]