Bitcoin

Nearly $1 billion in $BTC was taken off the market and thrust into the US Spot Bitcoin ETFs on Tuesday. Only once previously has this daily amount been surpassed. $BTC is currently above $70,000 and potentially looking to break out to new highs.  Fifteen straight days of positive ETF inflows This could be it. Bitcoin is back above $70,000, and the stars are aligning in its favour. The $886 million inflow to the Bitcoin ETFs on Tuesday made sure that…

The post Bitcoin Price Reclaims $70K as 99Bitcoins Token Presale Approaches $2M Milestone appeared first on Coinpedia Fintech News It has been a high-octane 24 hours for Bitcoin, with its price surpassing $70K for the first time in two weeks. Meanwhile, its bullish momentum has spilt over into its ecosystem, with the new 99Bitcoins token nearing the $2 million mark at the presale. Bullish Market News Bolsters BTC Price Exciting advancements have swept the crypto market and enabled Bitcoin’s growth…

Bitcoin has surged 2.9% in the last 24 hours, reaching a high of $71,166 on Binance today, marking the highest price since May 21. This rally appears to be primarily fueled by robust inflows into US spot Bitcoin ETFs, with the sector experiencing its 16th consecutive day of net inflows. Why Is The Bitcoin Price Up Today? Yesterday alone, these ETFs saw an inflow of $886.6 million, with Fidelity leading at $378.7 million—setting a new record for the fund. BlackRock…

Jan VanEck, the CEO of one of the largest investment banks in the United States, has predicted that Bitcoin will eventually reach at least half the market capitalization of Gold.  Van Eck made the prediction in an interview with Scott Melker. The CEO predicted that Bitcoin could take five to ten years to achieve this milestone.  Bitcoin’s Huge Potential  In the interview, the VanEck CEO discussed Bitcoin in detail, and the time it could take for the asset to eventually…

The post CEO of Maple Predicts Another ‘Leg Up’ for Bitcoin Before 2025; Says There’s No Cause for People to ‘Panic’ appeared first on Coinpedia Fintech News Bitcoin may be moving sideways and facing repeated rejections at $70,000, but Bitcoin holders remain exceptionally bullish. On-chain data shows that over 50% of Bitcoin’s supply remains inactive, indicating strong long-term conviction in Bitcoin. What does this mean for the cycle? The CEO and Co-Founder of Maple, Sidney Powell, joined analyst Scott Melker…

Bitcoin, the enigmatic digital currency, is back in the spotlight as the US banking system grapples with mounting stress. While some predict a stratospheric rise to $1 million per coin, fueled by economic woes, others remain skeptical. Banking On Bitcoin’s Rise? Bitcoin advocates see it as a beacon of stability in a storm. Unlike traditional assets tied to the health of institutions, Bitcoin boasts a finite supply and decentralized nature. This, they argue, positions it perfectly to benefit from a…

Bitcoin price started a fresh increase above the $70,000 resistance. BTC is showing positive signs and might rise further above the $72,000 resistance in the near term. Bitcoin started a decent increase above the $69,500 and $70,000 resistance levels. The price is trading above $69,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $69,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain…

According to recent data from on-chain analytics platform CryptoQuant, in recent weeks, the Bitcoin market has witnessed a fascinating phenomenon: long-dormant BTC, untouched in wallets for up to a decade, are suddenly springing into action. This movement coincides with Bitcoin’s price once again reclaiming the $70,000 mark, a dynamic that has not only captured the attention of investors but also sparked analysis from on-chain analytics experts. Revival Of The Sleeping Giants The data revealed by CryptoQuant illuminates a surprising trend:…

On Tuesday, US spot Bitcoin exchange-traded funds (ETFs) recorded significant inflows, totaling a remarkable $886.6 million. This influx marks the second-best day for joint net inflows into US spot Bitcoin ETFs. With these elements at play, crypto analysts and community members consider a bullish market outlook for Bitcoin. Bitcoin Surges to $71,200 Leading the pack, the Fidelity Wise Origin Bitcoin Fund (FBTC) saw an inflow of $378.7 million. Not far behind, BlackRock’s iShares Bitcoin Trust (IBIT) added $274.4 million. Additionally,…