This Week in Coins: Bitcoin Ends on a Downer as Rival Bitcoin Cash Shines – Decrypt
Illustration by Mitchell Preffer of Decrypt. The market ended the week in the red, with Bitcoin prices underperforming stock prices. old The highest price in 2021 is $69,044. It’s a long way from getting back to last month’s all-time high of $73,737. According to CoinGecko, the price per coin will be $67,957 as the weekend […]
Genesis purchases $2.1B of Bitcoin following GBTC sell-off – Cointelegraph
Bankrupt crypto finance company Genesis sells approximately 36 million shares of Grayscale Bitcoin Trust (GBTC) to acquire additional Bitcoin (BTC) as part of preparations to settle debts with creditors is reported to have been sold. According to recent Bloomberg reportOn April 2, Genesis liquidated approximately 36 million GBTC shares, valued at approximately $58.50 per share […]
Bitcoin at $66K: Why your BTC price predictions have been wrong lately – AMBCrypto News
BTC’s weighted sentiment has been negative for the past three weeks. Other on-chain indicators point to the possibility of further price decline below $66,000. as bitcoin [BTC] The weekly decline widened by another 4%, but its weighted sentiment remains bearish, according to Santiment data. In a post on X (formerly Twitter), Santiment pointed out that […]
Bitcoin: How $12 billion in ETF inflows and yields changed crypto-adoption – AMBCrypto News
Bitcoin ETFs attracted large inflows and played a key role in market expansion. Despite the challenges, ETFs are exploring crypto yield opportunities, signaling a shift in strategy. As recent reports show, the state of liquidity in the cryptocurrency market has evolved significantly. bloomberg. This suggests that the market has surpassed the immediate liquidity gap and […]
Bitcoin: Short-term holders are in panic, should you follow suit? – AMBCrypto News
Short-term Bitcoin holders have begun selling their holdings. Despite the price fluctuations, interest in Bitcoin ETFs remains high. Bitcoin’s [BTC] The drop from $70,000 caused mixed reactions from the crypto market. We observed that many addresses panicked as they did not expect such fluctuations. Short-term holders panic According to recent data, in the past 48 […]
Bitcoin Cash price hiccups amid second-ever halving event – Cointelegraph
Bitcoin Cash (BCH) briefly fell on Wednesday following a three-month rally, but quickly rebounded as the blockchain experienced its second-ever halving. reward It is cut in half. Bitcoin Cash is a proof-of-work blockchain network and a cryptocurrency designed to be faster and cheaper to use than Bitcoin (BTC). The first Bitcoin Cash halving event took […]
'We're not believers': Goldman Sachs doubles down on crypto skepticism despite Wall Street embracing Bitcoin ETFs – Fortune
Sharmin Mossavar Rahmani, chief investment officer at Goldman Sachs Wealth Management, said: wall street journal In an interview this week, she said that despite the recent hype around Bitcoin ETFs, her company doesn’t buy into them. “We don’t believe in cryptocurrencies,” she said. “We don’t think of it as an investment asset class.” “How can […]
The 2024 halving could usher in a new era for Bitcoin – Blockworks
The fourth Bitcoin halving event is expected to occur on or around April 19, 2024, heralding a major change in the cryptocurrency landscape. The crux of the quadrennial halving event is that it involves a reduction in the reward (block subsidy) given to miners for each block mined on the Bitcoin blockchain, as defined by […]
Ark Invest's spot bitcoin ETF sees daily net outflow of $87 million – The Block
Ark Invest 21Shares’ ARKB fund recorded net outflows of $87.5 million on Tuesday, the highest since its debut, according to SoSoValue data. This amount exceeds Grayscale’s outflow from GBTC, which recorded $81.9 million on the same day.Just on Monday, ARKB experienced a net outflow. first time Since debut. It is worth noting that ARKB has […]
Bitcoin ETFs Lose Ground Again as Over $302 Million Leaves Grayscale Trust – Decrypt
After ending March with a decline and a slow recovery, net inflows into Bitcoin exchange-traded funds (ETFs) started the week in the red. Yesterday’s investment value was negative, with outflows of $85.7 million (BitMEX Research data) show. More than $100 million flowed into popular new funds for the third day in a row last Thursday, […]