Bitcoin Spot ETFs Register Five-Day Withdrawals Streak Ahead of Halving – CoinDesk
US-based Spot Bitcoin (Bitcoin) Exchange-traded funds (ETFs) recorded cumulative outflows of $4.3 million on Thursday, extending their withdrawal period for four days ahead of a mining reward halving that was seen as bullish. Preliminary data published by Farside Investors shows that since April 12, ETFs have seen net outflows totaling more than $319 million, with […]
Bitcoin Falls 8%, Drops Below $62K Before Rebound – CoinDesk
Bitcoin (Bitcoin) And on Saturday, the entire cryptocurrency market fell by nearly 10%, with the price of the largest digital asset briefly falling below $62,000, but recovering to around $64,000 at press time. That wasn’t all. Other major digital assets, including Ethereum, have experienced similar declines in the past 24 hours. (Ethereum)BNB fell 7% to […]
Bitcoin’s Future as Currency – CoinDesk
Bitcoin is a global decentralized currency that is not under the control or guarantee of any country. Recent months in the Bitcoin ecosystem have been marked by a rapidly growing mood of optimism based on the approval of exchange-traded funds in the Bitcoin spot market. These ETFs are driving Bitcoin’s mainstream adoption through portfolio construction […]
Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application – CoinDesk
A federal judge has rejected Wyoming-based Custodia Bank’s argument that it is entitled to a Federal Reserve master account and membership in the Fed. Judge Scott Skavdahl of the District of Wyoming; Custodia’s motion for judgment was denied. On Friday, federal law does not require the nation’s central bank to give all eligible depository institutions […]
Bitcoin ETFs Snap Outflows Streak, Accumulate $15.4M – CoinDesk
Spot Bitcoin listed on Nasdaq (Bitcoin) Exchange-traded funds (ETFs) recorded total inflows of $15.4 million on Monday, ending a five-day streak of outflows, according to preliminary data. Issuer Investment company Farside. Fidelity’s FBTC led the inflows, collecting $261.8 million, followed by BlackRock’s IBIT with $35.5 million. Other funds such as BITB, BTCO, EZBC and BRRR […]
Bitcoin Registers Biggest Single-Day Loss Since FTX's Collapse – CoinDesk
Bitcoin’s (Bitcoin) The price correction accelerated on Tuesday as U.S.-listed spot exchange-traded funds (ETFs) lost popularity. The leading cryptocurrency by market value fell more than 8% to less than $62,000, according to data from charting platform. TradingView Show. This is the largest daily percentage (UTC) decline since November 9, 2022. Prices plummeted more than 14% […]
Bitcoin Tumbles to $67K As Asia Begins Trading Day – CoinDesk
Bitcoin {{{BTC}}} price fell 7% to $67,000 during Friday’s Asian trading hours, before recovering to around $68,500. The CoinDesk 20 Index, the largest and most liquid index of digital assets, fell 6%. Data from CoinGlass shows that over $100 million of long positions were liquidated in the last 12 hours and $167 million of long […]
This Bitcoin Bull Run Is Breeding Millionaire Whales at Slower Pace, Data Show – CoinDesk
Bitcoin currently in progress (Bitcoin) A hallmark of the bull market is Wall Street’s embrace of much-needed physical exchange-traded funds (ETFs). Still, this rally is creating “billionaires” but at a slower pace than the upward trend in 2020-2021. The top cryptocurrency by market value has risen 70% this year, setting a new record of over […]
Wyoming Grants DAOs New Legal Structure – CoinDesk
Wyoming established new legal framework Cryptocurrency investment giant Andreessen Horowitz (a16z) has called the state an “oasis” for the decentralized autonomous organization (DAO) nonprofit group in the state. Governor Mark Gordon signed the bill Enacted state law that adds provisions for Wyoming’s growing number of DAOs. Already cleared Therefore, we will establish it as a […]
Bitcoin Trade That Gave Bankman-Fried His Millions Returns in South Korea – CoinDesk
Arbitrage trading, which is highly profitable but difficult to operate, has become popular again in South Korea, as the price of Bitcoin currently commands an average premium of 10%. As of morning in Asia, Bitcoin was trading at just over $66,000 on most exchanges around the world. It is being traded on Korean exchanges such […]