Bitcoin

Spot Bitcoin ETF market saw a dramatic inflow that surpassed daily mined BTC. Data points to Bitcoin reaching a $108,000 price target in the coming months. On Monday, spot Bitcoin Exchange-Traded Funds (ETFs) recorded inflows seven times the daily Bitcoin (BTC) supply generated through mining. This represents a key milestone for all eleven Bitcoin ETFs, leading to BTC climbing to $72,000 following a 7% market rally. Bitcoin ETFs Record Huge Inflows According to data from Farside Investors, Bitcoin ETFs recorded…

Bitcoin has surged past the $70,000 milestone, indicating a potential beginning of a bull market. The integration of programmability features could further boost Bitcoin’s market value. As the cryptocurrency market experiences dynamic price movements, Bitcoin (BTC) has soared to the highly anticipated $70,000 mark. This rally is fueled by significant spot buying and increased investments in Bitcoin exchange-traded funds (ETFs). The crypto community is now speculating whether this marks the onset of a bull market or if it approaches its…

Dubai, United Arab Emirates, May 21st, 2024, Chainwire Bybit, one of the world’s top three crypto exchanges by volume, experienced a surge in trading volume on the popular ETH/BTC pair on the back of news that US regulators may approve an Ethereum ETF soon. Following the news, traders potentially profited from ETH’s impressive 15% move against BTC. The news that caused the surge was that US regulators asked ETH ETF applicants to update their filings, causing speculation that the updates…

Bitcoin broke out on Monday with a big move to the upside, and what a move this was. A 7.75% gain on the day saw $BTC power to the top of the bull flag it had been in for the last 10 weeks. The bulls are now well and truly back in charge. A sea change for the $BTC price The last ten weeks must have sorely tried the patience of many, and weaker hands would likely have sold when…

A long-inactive Bitcoin wallet has resurfaced, moving 114 BTC worth $7.6 million after nearly 11 years of dormancy. The wallet, which dates back to 2013, made headlines as it transferred a substantial amount of Bitcoin, raising questions and concerns within the crypto community. Dormant Bitcoin Wallet From 2013 Moves $7.6 Million On May 19, 2024, the dormant wallet executed its first transaction in over a decade. This movement was detected by blockchain analysts and has sparked significant discussion about the…

The post Why Could Ethereum ETF Trigger a Larger Crypto Bull Run Than Bitcoin ETF? appeared first on Coinpedia Fintech News The crypto community is filled with speculation and expectancies as the SEC speeds up the review of Spot Ethereum ETFs. We explained how the approval of Ethereum ETFs would greatly impact Ethereum and the wider crypto market. In May, the crypto market priced in denial and even the possibility of Ethereum being labeled a security. However, the odds have…

Bitcoin price gained over 8% and surged above $70,000. BTC is now consolidating gains and showing signs of more upsides in the near term. Bitcoin started a fresh increase above the $70,000 resistance zone. The price is trading above $79,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $70,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless the bears…

Bitcoin (BTC) has surged past the $71,000 mark for the first time since April 12. It is currently trading at $71,200. This significant milestone comes amid a broader market rally driven by optimism over spot Ethereum exchange-traded fund (ETF) approval. The optimism stems from recent announcements by Eric Balchunas and James Seyffart, ETF analysts at Bloomberg Intelligence. Crypto Market Rally Causes Liquidations Worth Over $348 Million The ETF analysts have increased their odds of a spot Ethereum ETF approval from…

Silver and Gold have hit major milestones as they both struck all-time highs with Silver holding eighth position as the world’s largest asset by market capitalization outshining Bitcoin in the process. Despite the backset, speculations position Bitcoin with the potential to rally and reclaim its position in the monetary system Gold and Silver have made the front page of the traditional financial market system. The recent commodities rally has seen Gold and Silver hit new all-time highs against the US…