Bitcoin

The post BlackRock’s Bitcoin ETF (IBIT) Continues To Hit Zero Inflow! Here’s What It Means For BTC Price appeared first on Coinpedia Fintech News After a 71-day streak of continuous inflows, BlackRock’s Bitcoin ETF, IBIT, has experienced a sudden stop with no new inflows. This sudden halt has raised concerns among investors, especially as Bitcoin consolidates around the $64,000 level. Many analysts view this as a bearish indicator for Bitcoin’s price, suggesting that the cessation of inflows from a leading…

Amidst the anticipated positive effect of the recently concluded Bitcoin Halving event, Ali Martinez, a well-known cryptocurrency analyst and trader has issued a noteworthy warning about BTC’s trajectory, predicting that the price of the crypto asset could undergo a correction to the $59,000 mark. Potential Declines For Bitcoin Martinez’s analysis delves into the potential for Bitcoin to experience possible dives on the downside in the short term. Considering the BTC’s chart in the 12-hour timeframe, the analyst noted that two…

The Spot Bitcoin ETFs have seen their demand drop since the start of this month, and this was again evident in the considerable outflows recorded on April 26. This poor run has had far-reaching effects on the broader crypto market as Bitcoin’s price has succumbed to unfavorable market conditions.  Spot Bitcoin ETFS Record $217 Million Of Outflows Farside Investors revealed in an X (formerly Twitter) post that the Spot Bitcoin ETFs recorded $217 million of net outflows on April 25,…

On the 20th of this month, the Bitcoin halving took place; however most might be unaware of what really happened since the halving didn’t feature any major announcements or bell ringing of any kind. Infact, Bitcoin price still being relatively stable leaves some investors wondering if any change really happened. While the immediate impact may not be apparent, the Bitcoin halving's effects often unfold gradually over time, influencing the broader cryptocurrency market. Notably, the halving directly affects Bitcoin miners whose…

Bitcoin whales appear to be realizing their profits from BTC’s latest rally, as on-chain analysts have identified a surge in inflows to centralized crypto exchanges. According to a CryptoQuant Quicktake by anonymous crypto analyst Phi Deltalytics, BTC whale inflows to exchanges currently constitute a substantial portion of overall flows to trading platforms. Whales May Be Taking Profits A separate Quicktake from analyst Woominkyu on April 25 revealed that the unrealized profits of long-term bitcoin whales had gotten high, especially with…

Following Bitcoin’s recent halving event, market analysts are closely eyeing the role of liquidity in shaping the cryptocurrency’s trajectory over the coming months. According to insights from Kaiko, the strengthening liquidity could support a sustained rise in bitcoin’s price. Bitcoin’s Liquidity Rebounds Liquidity refers to the ease with which an asset can be bought or sold without significantly impacting its price. Recent data suggests that BTC’s liquidity has been steadily improving since the lows witnessed in the aftermath of the FTX…

Grayscale experiences a record prolonged outflow caused by higher fees forcing investors to migrate to rival ETFs.  Grayscale CEO assures a possible fee reduction as the market matures, and claims the Fund has started to reach a little equilibrium.  The tide of assets fleeing the Grayscale’s Bitcoin Trust (GBTC) Fund sets an unprecedented prolonged record of 72 days, appearing to be in stark contrast to the nine other approved spot Bitcoin ETFs. This has been the case since the conversion…

BlackRock’s IBIT ETF recorded zero inflow on Wednesday and Thursday, the first time since its launch that it has failed to attract new investment, breaking a 71-day streak. With Grayscale still bleeding, BlackRock is edging ever closer to becoming the world’s largest Bitcoin ETF amid looming competition from the Hong Kong market. It was a formidable and unprecedented run. However, on Wednesday, it came to an end. After 71 days of continuous net inflows, the BlackRock Bitcoin spot ETF failed…

Bitcoin’s deflationary and decentralized nature is driving its price higher, with predictions of exponential growth by top analysts like Jurrien Timmer of Fidelity Investments. Timmer’s projection of a $1 billion valuation by 2038 is based on Metcalfe’s law. NuggetRush (NUGX) is a rapidly growing cryptocurrency with a unique blend of utilities, including integration with gold and artisanal mining. Its play-to-earn (P2E) games on the Ethereum blockchain offer investors accessibility and transparency. As the crypto market continues to transform and innovate,…