BlackRock and ProShares Bitcoin ETFs overtake GBTC's daily trading volume – Cointelegraph
Grayscale Bitcoin Trust (GBTC) battle over spot Bitcoin exchange-traded fund (ETF) shorting was suspended, and Bitcoin (BTC) fell from $42,580 to $43,422 on February 2nd. traded between. BTC/USD daily chart. Source: TradingView BlackRock and ProShares ETF daily volume exceeds GBTC volume Grayscale’s Convertible GBTC ETF has dominated the spot Bitcoin ETF market in terms of […]
The U.S. Government Seems to Be Closing in on Bitcoin Mining – CoinDesk
Specifically, the Energy Information Administration (EIA), a statistical agency under the Department of Energy, has announced that starting next week and for the next six months, some U.S.-based miners will be We plan to investigate the amount of electricity used. This is an excerpt from The Node newsletter, a daily roundup of the most important […]
$60,000 Bitcoin Incoming if This Happens, According to Crypto Analyst Kevin Svenson – The Daily Hodl
Crypto analyst and trader Kevin Svenson believes Bitcoin (BTC) could reach the top of its rally over the coming days and weeks. svensson To tell He has 71,600 YouTube subscribers and if Bitcoin closes above the resistance zone of about $44,000 each week, it opens up the possibility for the flagship cryptocurrency to rise just […]
Bitcoin pump prompts 'emergency' review of US crypto miner energy use – Cointelegraph
The U.S. Department of Energy (DOE) is asking crypto miners to report their energy consumption over the next six months, following concerns that the recent rise in Bitcoin (BTC) prices is leading to a surge in crypto mining. ing. On January 31, the U.S. Energy Information Administration (EIA), the statistical agency of the DOE, Said […]
Bitcoin needs to address scaling as ETFs drive momentum – Cointelegraph
Bitcoin Drive Chain proponent Paul Stork believes that mainstream acceptance of BTC will increase the need for increased scalability and functionality in its infrastructure. In a wide-ranging interview with Cointelegraph, Stork discussed the pros and cons of the high-profile approval of a Bitcoin (BTC) exchange-traded fund (ETF) in the U.S., and how institutional money will […]
Why People Still Think Bitcoin Will Die – CoinDesk
The most striking result was that one-third of respondents didn’t even think Bitcoin would fall below $20,000 by the end of the year.This is less than half the current price, which is quite low Anthony Scaramucci’s price target is $170,000.Similar to other bullish forecasts, we see ETF-stimulated demand counteracting the next round of supply declines. […]
Spot Bitcoin ETFs 'stepping stone' toward bringing new TradFi use cases – Cointelegraph
The approval of the Spot Bitcoin Exchange Traded Fund (ETF) was a historic milestone for the sector. But Sheraz Share of the Solana Foundation says this is only a “stepping stone” towards integrating blockchain-based systems with traditional finance. Scheer, head of payments at the Solana Foundation, argued that the Bitcoin (BTC) ETF spot is important […]
Fidelity Bitcoin ETF rakes in reported $208M, offsetting Grayscale outflows alone – Cointelegraph
Fidelity’s Spot Bitcoin (BTC) exchange-traded fund (ETF) recorded $208 million in daily inflows on January 29th, the first time it has received an inflow from the Grayscale Bitcoin Trust outside of its launch date. It is reported that the amount exceeded the outflow. According to provisional data According to Farside Investors, Fidelity’s inflows into FBTC […]
BlackRock Bitcoin ETF passes $2B holdings as GBTC outflows dip 50% – Cointelegraph
Bitcoin (BTC) was stuck at $42,000 in Wall Street trading on January 29 as new exchange-traded funds (ETFs) began to outflow. BTC/USD 1 hour chart. Source: TradingView Bitcoin ETF comfortably absorbs GBTC outflows Data showed that BTC price trend continues to retreat from the local high of $42,800 seen over the weekend. Fresh off a […]
Bitcoin nears key weekly close as analyst says 20% BTC price dip 'over' – Cointelegraph
Bitcoin (BTC) held near $42,000 on January 27th as a rally in BTC price late in the week gave traders confidence in new upside. BTC/USD 1 hour chart. Source: TradingView Bitcoin likely to re-challenge $48,000 Cointelegraph Markets Pro and TradingView Showing off a classic cool weekend price action, the focus was $41,800. It rose 5% […]