Investors bought over $241 million in U.S. bitcoin exchange-traded funds last week, the third consecutive week of inflows that has helped keep the leading cryptocurrency’s price up during the start of so-called “Uptober.” Data from Farside Investors shows that money hit the popular funds every day — apart from on Wednesday, when speculators pulled out
Bitcoin’s Fifth Halving Moves Into View As of today, according to timechainstats.com, Bitcoin stands at around 18 months from its fifth halving. Bitcoin’s pseudonymous inventor, Satoshi Nakamoto, introduced a rule set that shrinks the block subsidy by 50% every 210,000 blocks. The amount of time to mine those blocks typically takes around four years, and
Strategy and Blackrock’s Bitcoin Trust ETF, dubbed IBIT, have quietly arrived at a rather extraordinary destination. Strategy owns 848,000 $BTC, while IBIT holds 805,222.42 $BTC. After the latest Strategy purchase, just 42,777.58 $BTC separates the two, meaning a public company and a single ETF trust now command roughly comparable mountains of bitcoin. At the recent
Last week saw a notable increase in stablecoin supply, rising by $715.8 million, as reported by @lookonchain. This surge comes amid a decline in decentralized exchange (DEX) trading volumes, which could signal a shift in market dynamics. The implications of this change are significant as it highlights evolving investor strategies and market sentiment. The Latest
The Bitcoin price is sitting in a heavy $84000 – $87000 liquidity zone, and analysts are increasingly describing the setup as bearish. One view says $BTC could still squeeze toward $87,000-$88,000 first, clearing upside liquidity before the market turns lower. That makes the current range a critical battleground. A breakout isn’t guaranteed, and neither is
Bitcoin is often talked about in very abstract terms: ‘cryptocurrency ’, ‘digital gold’, metaphors that attempt to make this digital wonder of a monetary system feel more physical, more real to normal people. How well these metaphors work may be debated, but they are not the only attempts at making Bitcoin feel like more than
Bitcoin Rejection Near $87K Triggers Intraday Volatility Bitcoin wiped out early gains on Monday as the cryptocurrency again appeared to face rejection near $87,000 amid unusual volatility for a single 24-hour period. The topsy-turvy price action tempered market excitement sparked by the belief that October, historically a bullish month for bitcoin, will deliver even greater
While Bitcoin maintained its strong position around $86,000 despite the US dollar reaching its highest levels in 18 months, leading macroeconomic figures assessed the possible scenarios for the cryptocurrency market. The program, featuring Michael Howell, Dave Weisberger, and Bloomberg Intelligence senior commodities strategist Mike McGlone, highlighted global liquidity, the monetization of government debt, and Bitcoin’s
In brief Bitcoin traded around $86,000 on Monday, roughly $1,200 below the $87,354 swing high that has capped the rally. Macroeconomic winds have turned in Bitcoin’s favor, with potential future catalysts around the corner. The daily chart has painted a decidedly bullish picture, with Bitcoin entering a second, stronger “golden cross.” Bitcoin is starting the
Bitcoin, the leading cryptocurrency, made a strong start to October, known as a bull month, closing the week above $86,000. This was its highest closing level in the last 8 months, but BTC still couldn’t surpass the $87,000 level and retreated back below $86,000 due to selling pressure. At this point, the market believes that