Bitcoin’s (BTC) dip below the $39,000 mark resulted in significant liquidations totaling approximately $115 million across the cryptocurrency market during the past hour. Red market In the last 24 hours, BTC experienced a 4% decline, trading at $38,915 as of press time, according to data from CryptoSlate. This downturn reduced…
Inflation has ravaged Argentina. If you’d saved $100,000 USD worth of Argentine pesos in 1995, they would be worth about $310 USD today. In November 2023, the inflation rate was reported to be as high as 185%. Recently, the country’s struggling population has begun to turn to cryptocurrency as an…
The period leading up to the ETF launch was marked by an increase in Bitcoin’s price. And while the launch of the first spot ETFs in the U.S. failed to create the bombastic bull rally many were hoping for; it showed just how significant local markets are in driving global…
The U.S. Securities and Exchange Commission (SEC) said on Jan. 18 that it has delayed its decision on Fidelity’s proposed spot Ethereum ETF. More specifically, the decision concerns a proposed rule change that would allow Cboe BZX to list and trade shares of Fidelity’s planned fund. The SEC noted that…
Bitcoin (BTC) saw noticeable losses on Jan. 18, one week after the first Bitcoin spot ETFs began to trade on various exchanges. BTC was worth $41,107 and reported a market cap of $805.8 billion at 9:50 p.m. UTC on Thursday. That decline marks a 3.5% loss over 24 hours. Bitcoin’s…
Bitwise Bitcoin ETF Trust (BITB) has swiftly surged to an impressive $370 million in assets under management (AUM) within its inaugural four days of trading. Hunter Horsley, the CEO of Bitwise, shared this milestone on Jan. 18 via social media platform X (formerly Twitter), noting a remarkable influx of $68…
Asset manager Roundhill has introduced the first covered call Bitcoin ETF in the U.S. market, according to a press release on Jan. 18. The exchange-traded fund is called the Roundhill Bitcoin Covered Call Strategy ETF. It trades under the ticker “YBTC” on the Cboe BZX exchange. Dave Mazza, Chief Strategy…
Building on CryptoSlate’s recent analysis of the competing Bitcoin inflows and outflows between BlackRock and Grayscale, I extrapolated the data even further to see just how long BlackRock could sustain its current average Bitcoin accumulation. At a high level, BlackRock’s entry through Bitcoin ETFs is a substantial moment for Bitcoin’s…
Quick Take Notable financial analysts have corroborated that the recent outflows from Grayscale’s Bitcoin Trust (GBTC), to the tune of $1.6 billion in four days, may signal significant investors’ shifts towards other Bitcoin ETFs. James Seyffart notes that as much as a third of the outflows could transition towards other…
Tether has significantly increased its Bitcoin holdings, now comprising more than 66,000 BTC, with an estimated value exceeding $2.8 billion. According to data shared by CryptoQuant founder Ki Young Ju, Tether’s BTC holdings surged to 66,400 from the 57,500 recorded at the beginning of the year—indicating an acquisition of approximately…