Bitcoin ETF Inflows Rise as Basis Trade Approaches 9%, Indicating Increased Demand
US Bitcoin ETF Sees Significant Inflows On May 19th, Exchange-Traded Funds (ETFs) related to Bitcoin experienced a substantial inflow, amounting to $667.4 million, marking the largest daily total since May 2nd. The notable data comes from investments into the iShares Bitcoin Trust (IBIT), which alone accounted for nearly half of these inflows, totaling $306 million, […]
Bitcoin Macro Trend Indicator Shows When to Anticipate the Price Peak
Bitcoin Price Volatility and Future Predictions In the past 24 hours, Bitcoin has experienced quite a bit of instability, briefly soaring to over $106,000 before settling back around $103,000. This kind of dramatic price movement indicates that there’s still a long way to go before Bitcoin hits a peak. The new macroeconomic model, called the […]
Bitcoin Price Surge Expected: Graphs Indicate Move Towards New All-Time High
Bitcoin Prices Surge Past $106,000 Bitcoin has kicked off a new upward trend, surpassing the $106,000 mark. Currently, BTC is climbing and seems to be eyeing a push towards $110,000. Bitcoin’s recent ascent has started from the $102,000 support level. The price is now consistently trading above $105,500 and is above the simple moving average […]
Bitcoin futures information matches BTC traders’ expectations for reaching new all-time highs
Key Insights Bitcoin transactions in both the spot and futures markets have helped keep BTC prices rising, even after a significant margin liquidation of $170 million. The strong demand from China, coupled with limited futures leverage usage, suggests that the current price increases in Bitcoin might be sustainable. On May 19, Bitcoin (BTC) exhibited strength […]
JPMorgan Chase will allow clients to purchase bitcoin, even with CEO Jamie Dimon’s doubts
JPMorgan Chase, the biggest bank in the U.S., is now letting its clients buy Bitcoin, even though CEO Jamie Dimon has been known to criticize the cryptocurrency. During the Bank’s Annual Investors Day on Monday, Dimon, 69, made this unexpected announcement, leading to ongoing discussions about his future with the bank, where he’s been in […]
Strategy and Metaplanet Acquired $870 Million in Bitcoin
Simply put Michael Saylor’s company acquired 7,390 Bitcoin for $764.9 million, increasing total holdings to 576,230 BTC, which is about 2.74% of the entire Bitcoin supply. Tokyo-based Metaplanet has bought 1,004 Bitcoin for $104.8 million, aiming to reach a total of 10,000 BTC by year-end. These large acquisitions could push Bitcoin above $106,000, nearing a […]
BounceBit Tests Bitcoin Trading Approach with BlackRock’s BUIDL as Security
BounceBit Launches Innovative Bitcoin Trading Strategy BounceBit, a provider focused on crypto infrastructure that combines centralized (CEFI) and decentralized finance (DEFI) features, has rolled out a new Bitcoin (BTC) derivative trading strategy. This approach leverages BlackRock’s yield-generating tokenized money market fund, BUIDL, to optimize returns. The trading strategy, which is available to both institutional and […]
Malware that steals Bitcoin discovered in official printer drivers
Malware Distributed with Printer Drivers Recent reports indicate that a Chinese printer manufacturer has been distributing malware capable of stealing Bitcoin alongside its official drivers. According to China News Outlet Randian News, Procolored, which is situated in Shenzhen, has been using USB drivers to disseminate this software, uploading the compromised drivers to cloud storage for […]
$107K deception or reaching new all-time highs? 5 key points about Bitcoin this week
Bitcoin (BTC) is about to kick off a new week, and there’s a lot of buzz surrounding a possible breakout from its tight trading range of roughly $103,000. The price action seems to be gathering momentum before perhaps retracing back to its initial position, which may leave many emotional traders in the dust. Is it […]
Bitcoin achieves highest weekly close following its all-time highest daily close.
Bitcoin Approaches Record Highs Again Bitcoin seems to be nearing its best week lately, as the overall cryptocurrency market experiences a notable upward trend, with prices inching closer to previous all-time highs. According to data from TradingView, Bitcoin has recorded weekly gains for six consecutive weeks, wrapping up the most recent week just under $106,500 […]