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Over the past week, Bitcoin has been on a wild ride, marked by a price drop that triggered a surge in active addresses on the network. This uptick in activity has taken the daily average of active addresses to its highest level since December of last year, when we saw Bitcoin reach the monumental $100,000 … Read more
On March 5, Bitcoin ETFs experienced net outflows of $38 million, with Valkyrie’s BRRR leading the withdrawals. Ether ETFs faced even larger outflows, totaling $63 million, primarily due to significant withdrawals from Grayscale’s ETHE. Midweek Outflows: Crypto ETFs Experience Significant Withdrawals In a week marked by significant market fluctuations, bitcoin and ether exchange-traded funds (ETFs) … Read more
This content is provided by a sponsor. BitcoinOS (BOS), the self-described “operating system for building everything on Bitcoin,” is teasing an ambitious vision to unify Bitcoin and Cardano into a single, interoperable network using a new token standard compatible with both chains. These claims coincide with a little reported stealth launch of the $BOS token … Read more
Blockstream has secured a multi-billion-dollar investment to launch bitcoin-backed lending funds for institutional investors, allowing institutions to borrow against BTC collateral. Blockstream to Launch BTC-Backed Funds Bitcoin infrastructure provider Blockstream has secured billions in investment to roll out three institutional bitcoin-backed funds. The new investment will fuel the launch of the Blockstream Income Fund and … Read more
News of potential interest cuts and the expected unveiling of a national crypto strategic reserve at the upcoming White House Crypto Summit, all helped buoy the dominant cryptocurrency. Bitcoin Price Rises Amid Positive Market Sentiment Bearish traders suffered liquidations on their short positions as positive economic news gave bitcoin a modest 7% rally this morning. … Read more
Bitcoin’s (BTC) market has been ruled by a long distribution phase, with the cryptocurrency’s Accumulation Trend Score staying under 0.5 for 58 consecutive days. This distribution has lasted long enough to start raising questions about what the big players in the Bitcoin market are up to, with the latest data indicating that they’re still mostly … Read more
On-chain activity in Bitcoin is at its highest since December 2024, as measured by the number of active addresses. And this is making many in the crypto community sit up and take notice, because when you get right down to it, active addresses are probably the best on-chain metric for trying to gauge what might … Read more
In a groundbreaking turn for Bitcoin and the wider cryptocurrency market, BlackRock, the world’s largest asset manager, has officially woven Bitcoin into the fabric of its $150 billion model portfolio strategy. The firm, which oversees trillions in assets around the globe, has included the iShares Bitcoin Trust ETF (IBIT) in its investment model with an … Read more
The last few weeks have seen a stormy cryptocurrency market, with high emotions generated during what some may consider Bitcoin’s most challenging week since the crash on August 5, 2024. We are still reeling from that downturn, and many of us in the crypto space are trying to sort it all out. And while we … Read more
Bitcoin ($BTC) has not been in oversold territory since August 2024. Historically, this has been a setup for some big moves. At least back in August, when Bitcoin was in similar oversold territory, it surged by an impressive 33%. With this latest dip, some are wondering if we’re going to see the same outcome this … Read more