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 […]
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% […]
Bitcoin traders expect a return to swing highs after BTC price hits $42,000 – Cointelegraph
Bitcoin (BTC) price has topped $42,000 for the first time in nearly seven days as the market recovers from the aftermath of the spot Bitcoin exchange-traded fund (ETF)-related decline. Cointelegraph Markets Pro and TradingView shows that Bitcoin rose rapidly from its January 26 price of $39,545 to trade at $41,973, up 5%. BTC/USD daily chart. […]
US gov's planned $118M Bitcoin sale is 'peanuts' compared to GBTC – Cointelegraph
The US government's planned sale of approximately $118 million in seized Silk Road Bitcoin (BTC) should not be seen as a cause for concern, market commentators say. Confiscation on January 10th newsThe report, which went viral on social media on January 24th, indicates that the government plans to dispose of 2,934 BTC after the January […]
Airdrop season? Protocols offer $700M in token airdrops over a week – Cointelegraph
Ethereum scaling solution AltLayer is the first of at least three protocols to go live with over $100 million in token airdrops over the next week. The AltLayer (ALT) token and claim process was launched on January 25th at 9am UTC. With 300 million tokens allocated in the first airdrop and an average daily price […]
JPMorgan says GBTC sell-off 'behind us' as ETFs post record net outflow – Cointelegraph
Investors have likely finished taking most of their profits from Grayscale Bitcoin Trust (GBTC), easing pressure on Bitcoin (BTC) prices, according to JPMorgan analysts. There is a possibility that This comes after daily net outflows from U.S. physical Bitcoin exchange-traded funds (ETFs) hit a record high on their ninth day of trading. Analysts led by […]
11 Bitcoin miners may not mine profitably post halving: Cantor Fitzgerald – Cointelegraph
Analysts at financial services firm Cantor Fitzgerald say that if the price of Bitcoin (BTC) does not rise significantly after the halving, the 11 largest publicly traded Bitcoin (BTC) miners will profitably sell Bitcoin. They reportedly discovered that it could be a pain to mine. A Jan. 25 post by CleanSpark executive chairman and co-founder […]