Bitcoin

Bitcoin-based crypto investments have witnessed another week of outflow in what was an unpleasant week for Bitcoin and other cryptocurrencies. Bitcoin investors, in particular, were disappointed as they watched the price of the world’s biggest asset decline during the week, temporarily falling below $60,000. According to recent inflow data from CoinShares, this correction also flowed into crypto investment products. Notably, crypto investment products registered $584 million outflows last week to extend outflows to $1.2 billion in two weeks. True Correction…

The post MicroStrategy’s $800 Million BTC Buy Triggers Millions Of Dollars In Inflows For This Bitcoin ETF Token appeared first on Coinpedia Fintech News MicroStrategy has executed another $800 million BTC buy, doubling down on its strategy to amass as much Bitcoin (BTC) as possible. This massive purchase has triggered millions of dollars in inflows in a new Bitcoin ETF token, ETFSwap (ETFS). The ETFS cryptocurrency is the native Bitcoin ETF token of the ETFSwap ecosystem, which enables the buying…

The post Ethereum ETFs Set for Launch: Will They Steal the Spotlight from Bitcoin? appeared first on Coinpedia Fintech News Last week, nearly eight companies updated their S-1 amendments with the U.S. Securities and Exchange Commission (SEC), gearing up for the launch of a spot Ethereum ETF by early July. As anticipation builds for the Ethereum ETF, Markus Thielen, CEO of 10X Research, offers a measured outlook. He suggests that the Ethereum ETF might capture only 15% of the investment…

In a continued effort to liquidate its substantial Bitcoin holdings, the German government has once again engaged in significant transactions involving BTC, according to data from blockchain analytics platforms Arkham Intel. This morning, the Federal Criminal Police Office (BKA) executed nine transactions involving a total of roughly 2,786 BTC. German Gov’t Continues Its Bitcoin Sell-Off Arkham Intel’s data shows that four of them are internal transfers while five transactions were direct transfers to crypto exchanges and market makers, suggesting an…

Bitcoin is roughly 20% from all-time highs, and risks are trending lower, breaking from the current consolidation. After peaking in mid-March, bulls are yet to build enough momentum and overcome the roadblock at $72,000. Will Bitcoin Fall To $50,000 Or Worse? Analyst Thinks So While there were temporary gains in early June, the retracement in the last few trading days has seen BTC recoil, falling below $60,000 this week. Even though some traders are hopeful, one analyst took to X,…

Monaco City, Monaco, June 26th, 2024, Chainwire Memereum, a rising blockchain insurance, nears 25M tokens sold despite Bitcoin's market movement to below $60,000 level. Bitcoin breaks $60,000 level Bitcoin went below $60,000, dropping to its lowest point since early May, its price was last down 7% at $59,562.54. Additionally, Bitcoin saw a jump in long liquidations. Memereum’s Presale Success Despite market’s uncertainty, Memereum’s presale continues to be in demand, recently breaking a record of 1M tokens sold in just a…

The cryptocurrency market is full of options. Some projects, of course, have more potentialthan others. But every day, a memecoin emerges that could unseat even the most establishedaltcoin on the market. The debate between Bitcoin Cash and Shiba Inu is not new, as bothprojects have made a name for themselves and shown their value. But new ideas likeWW3 Shiba are taking the lead as the best cryptocurrency today. Experts believe that this union ofSocialFi, GameFi, and Memecoins could increase by…

After hitting a six-week low on Monday at around $58,400, Bitcoin bounced back above $62,000, with its RSI flashing oversold and hitting its lowest in over a year. Some, like Robert Kiyosaki, have urged investors to HODL, while other analysts believe that if Bitcoin holds above $62,000, bulls will come in and push it to $63,500 by the end of the week. After a disastrous start to the week, Bitcoin recovered Tuesday and reclaimed the $62,000 level. Analysts predicted that…

The European Central Bank (ECB) is determining the maximum balance for Digital Euro wallets, and consultations involving retailers, consumers, and banks are being conducted to finalize this limit. The ECB aims to balance monetary policy and economic factors, with discussions considering a range between 500 euros and 3,000 euros. The European Central Bank (ECB) is deliberating over the maximum balance citizens can hold in their Digital Euro wallets, a decision that will be finalized upon the digital currency’s introduction. In…