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Bitcoin ETFs experienced a net outflow of $140 million with the majority of the outflow coming from Fidelity’s FBTC. In contrast, ether ETFs achieved their sixth consecutive day of inflows, adding $10.65 million. Ether ETFs Extend Inflow Dominance With Sixth Day of Consecutive Inflows On Thursday, Feb. 6, bitcoin ETFs faced a net outflow of … Read more
A Canadian businessman has received a 41-month sentence in a U.S. federal prison for obstruction. Businessman’s Account Blocked by Binance A Canadian businessman will serve 41 months in U.S. federal prison after pleading guilty to one count of obstruction of an official proceeding. The sentence was jointly announced by U.S. Attorney Edward R. Martin Jr. … Read more
Brazilian lawmaker Adriana Ventura has introduced a draft bill that would allow investment funds in Brazil to invest in crypto, including bitcoin. Draft Bill Could Let Brazilian Funds Invest in Crypto Brazilian investment funds may soon gain regulatory approval to buy cryptocurrencies, thanks to a new draft bill introduced by São Paulo MP Adriana Ventura. … Read more
Driven by beliefs in bitcoin’s potential for significant gains, some U.S. parents are shifting a portion of their children’s college savings from traditional 529 plans to cryptocurrency. Disappointing 529 Returns Prompt Bitcoin Interest Some U.S. families are reportedly putting a portion of their children’s college savings in bitcoin (BTC), believing the cryptocurrency typically outperforms stocks. … Read more
Bitcoin’s correlation with global markets—attributed by some to increased institutional investment and algorithmic trading—challenges the narrative of it being a safe-haven asset, similar to gold. Bitcoin’s ‘Safe Haven’ Claim Challenged Following the U.S. imposition of a 25% tariff on Canadian and Mexican imports, bitcoin (BTC) briefly plummeted below $93,000, dragging the crypto market down. The … Read more
Bitcoin oscillated between $95,850 and $96,234 in the past sixty minutes, boasting a valuation of $1.917 trillion, a global volume footprint of $47.52 billion, and a daily price spectrum stretching from $95,850 to $99,131. It now lingers 11% beneath its historic lifetime price high. Bitcoin The hourly chart reveals price stabilization with modest declines as … Read more
Blockchain analytics reveal bitcoin and ethereum reserves on centralized exchanges have plummeted precipitously since late January, with holdings persisting at lows not witnessed in years. Historic Drops in Bitcoin and Ethereum Reserves as Traders Reallocate The opening days of February 2025 have been marked by intense crypto market fluctuations, with Cryptoquant data showing a swift, … Read more
The dominant cryptocurrency weathered weaker than normal trading volume and a downtrend in price over the past 24 hours. Bitcoin Falls Below $98K as Dominance Climbs Bitcoin (BTC) is trading at $97,102 at the time of reporting, after fluctuating between $96,174.83 and $99,168.61 over the past 24 hours, according to data from Coin Market Cap. … Read more
Bitcoin’s network activity has dropped to its lowest level in a year, according to Cryptoquant and its researchers, marking a significant decline from previous highs. Bitcoin Transactions and Fees Plummet Cryptoquant‘s Bitcoin Network Activity Index, a key metric tracking transactions and user engagement, has fallen 15% since November 2024, now standing at 3,760—the lowest level … Read more
Ether ETFs have now seen five consecutive days of inflows, adding $18.11 million, while bitcoin ETFs recorded a net inflow of $66.37 million. Bitcoin ETFs See Another Day of Gains While Ether ETFs Mark Five Days of Inflows Bitcoin and ether exchange-traded funds (ETFs) continued to draw investor interest on Wednesday, Feb. 5, with bitcoin … Read more
