BlackRock’s spot Bitcoin ETF is pulling in cash at a speed never seen in the fund industry. After another $4 billion streak of inflows this week, IBIT now holds more than 800,000 BTC, worth roughly $98 billion, and is within striking distance of a milestone that no ETF has ever reached this quickly. Bloomberg Intelligence
A large cryptocurrency investor who surfaced two months ago with about $11 billion worth of Bitcoin has opened almost $900 million in short positions against Bitcoin and Ether, signaling expectations of a market correction despite widespread optimism for October. The whale returned to trading on Thursday with a $360 million Bitcoin (BTC) transfer that piqued
Bitcoin is trading near $121,550 after failing to hold above its recent peak of $126,272. The market is showing consolidation, with traders split between profit-taking and renewed accumulation. Significantly, derivatives data and spot flows reveal diverging investor sentiment as a veteran trader placed a massive short bet against the top cryptocurrency. Market Consolidation After a
Global central banks have been increasing their gold reserves over the past few years in a trend that may have major implications for Bitcoin, according to a recent report from Deutsche Bank. Gold’s share of central bank reserves reached 24% in the second quarter of the year, its highest share since the 1990s, Deutsche Bank
Following a period of volatility during which it tested both the upside and downside extremes, Bitcoin has now settled between $121,000 and $122,000. This Bitcoin price prediction comes as the market enters a consolidation phase after record-breaking ETF inflows in late September. Despite a minor slowdown, spot Bitcoin ETFs continue to draw substantial investment. Summary
Leading cryptocurrency Bitcoin (BTC) has been sending investors into a tailspin with recent spikes and dips. While speculation continues to mount about BTC’s future, there’s growing speculation that it may have reached its peak. However, one analyst said that BTC has not yet reached its peak and could reach $180,000 before reaching overbought levels. Eave
This is an analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$121,883.40 bounced back to around $121,500 after dipping below $120,000 late Thursday. Further gains may be difficult to achieve or could prove short-lived for two reasons. First, momentum indicators on short-term charts have turned bearish. On the hourly chart, the
As volatile movements in Bitcoin (BTC) and altcoins continued over the past week, BTC fell due to short-term profit-taking and briefly dropped below the $120,000 level. However, US spot Bitcoin ETF inflows remained steady, maintaining the market’s medium-term optimism, and BTC rebounded to $121,000. While altcoins also declined along with Bitcoin, Ethereum (ETH) fell to
Jack Dorsey, the billionaire co-founder of Twitter and the CEO of Block, said Bitcoin has a history of 16 years of just increasing. Dorsey compared Bitcoin to gold and referred to it as an alternative savings account in a video published by Pete Rizzo (pete_rizzo_). He noted that Bitcoin has become a hedge against the
Metaplanet Inc. has announced a temporary suspension of its 20th to 22nd Series of Stock Acquisition Rights. The move is part of a strategic effort to optimize capital raising and strengthen the company’s Bitcoin holdings. Metaplanet stated that the suspension will allow for more flexible capital management and maximize BTC yield. This benefits shareholders in