Cryptocurrency

The Grayscale Bitcoin Trust (GBTC), the largest bitcoin ETF by assets, saw a net inflow of new money from investors, according to Farside Investors, the first daily increase since the product debuted in January. A net $63 million was added on Friday, according to Farside’s tally. The Grayscale product had been the dominant conventional investment vehicle for […]

Former BitMEX CEO Arthur Hayes believes Bitcoin has hit a local bottom and will slowly grind back up over the next few months. In a blog post on May 3, Hayes commented on the recent market slump, claiming that “The price action played out as I expected.” Bitcoin hit a local low of around $58,600 earlier this week but will rally […]

The cryptocurrency sector is getting a nice boost today from yesterday’s commentary from Federal Reserve Chairman Jerome Powell. The market received a jolt from Powell’s commentary in a press release; he suggested the direction of the next Fed move will most likely be lower. The market had previously priced in some chance of an interest […]

Payments firm Block (SQ) has begun a dollar cost averaging (DCA) program to add to its already sizable bitcoin {{BTC}} stack. Led by CEO Jack Dorsey, the company in April began using 10% of its monthly bitcoin-related gross profit to buy additional bitcoin, with plans to do this each month for the remainder of 2024. […]

Bitcoin price has sharply declined over the past few days, which might have triggered some concerns from those who thought it would surge after its fourth halving. The price of Bitcoin has dropped 11% since the halving, which occurred on April 20 at 12:09 am UTC. On the halving date, Bitcoin traded around $64,000. In the immediate aftermath […]

MicroStrategy, the largest corporate holder of Bitcoin, has announced it will launch a decentralized identity solution on the Bitcoin network that uses Ordinal-based inscriptions to store and retrieve information. The solution, MicroStrategy Orange, was unveiled by executive chairman Michael Saylor during the company’s Bitcoin For Corporations conference on May 1. MicroStrategy Orange is open-source, not dependent on […]

Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady. The cryptocurrency at one point dropped 5% to $56,526.00, its lowest level since Feb. 27, according to CoinMetrics. It was last lower by about 4% at $56,954.13. Investors have been focused on the latest […]

It might be time to call the cryptocurrency correction a bear market, as bitcoin (BTC) tumbled below $60,000 with what appeared to be a poor debut of spot ETFs in Hong Kong and interest rate fears giving traders plenty of reason to sell on Tuesday. BTC hit a $59,100 low in the afternoon hours, its weakest price […]

Bitcoin has declined approximately 20% over the past three months, but crypto traders are unfazed by the decline, claiming it is just a routine correction in the market cycle. “This is the 4th 20% correction in BTC in 12 months…pretty ordinary stuff,” CEO of Real Vision Raoul Pal stated in an April 30 post on X — […]

Bitcoin miners show no signs of “capitulation” despite their revenue falling to 14-month lows following the halving event in April. In an April 30 post to X, CryptoQuant CEO Ki Young Ju said that following a drop in revenue to levels post having, Bitcoin miners now face two options, capitulation or await growth in the price of […]