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Bitcoin sees 3% correction as GBTC investors dump nearly $600M – Cointelegraph

Bitcoin (BTC) has fallen more than 3% from its 24-hour high as investors in the Grayscale Spot Bitcoin Exchange Traded Fund (ETF) released $598.9 million from the fund on February 29th. This is the second largest net outflow on record. According to Cointelegraph Markets Pro, Bitcoin hit a 24-hour high of $63,585 in the early […]

Bitcoin will be ‘larger than gold’ thanks to baby boomers’ trillions, Galaxy CEO Mike Novogratz says – Fortune

Galaxy CEO Mike Novogratz said trillions of dollars of baby boomer wealth will eventually be transferred to Bitcoin. Marco Bello—Getty Images Galaxy Digital CEO Mike Novogratz told Bloomberg TV in an interview Thursday afternoon that investors will soon prefer trading digital gold over real trading. Although Bitcoin’s current market capitalization is less than one-tenth that […]

Spot Bitcoin ETFs record new ATH of $680M as BTC bull run gathers pace – Cointelegraph

The U.S. Spot Bitcoin (BTC) exchange-traded fund (ETF) recorded cumulative daily inflows of $676.8 million, setting a new all-time high (ATH) for the ecosystem. As of February 28, the Spot Bitcoin ETF had attracted approximately $680 million worth of investments. Of the 10 players approved by the Securities and Exchange Commission (SEC), the daily inflows […]

Bitcoin Scales $60,000 as ETF Demand Puts Record High in Sight – Yahoo Finance

(Bloomberg) — At the heart of the bull market that is pushing Bitcoin toward all-time highs is a simple economic principle: supply and demand. Most Read Articles on Bloomberg Demand for the token from U.S. exchange-traded funds (ETFs) is outpacing the amount of Bitcoin that long-term holders are willing to sell. This has ignited the […]

Crypto exchange Coinbase suffers outages amid bitcoin rally

Cryptocurrency exchange Coinbase encountered a technical problem on Wednesday as the world’s largest cryptocurrency soared to its highest value in more than two years. Coinbase support assured all users that funds on the cryptocurrency exchange are safe and that its team is investigating the incident. Post to Xthe platform formerly known as Twitter. “We are […]