BTC

Bitcoin prices are soaring again, indicating good tides for more and more institutions that are choosing to go all in on Bitcoin ETFs. Let’s find out more.  Bitcoin Four successive days of positive inflows into the US Spot Bitcoin ETFs have coincided with positive growth in the Bitcoin price, quickly putting the last ten weeks of corrective price action behind it. Investment management giant Millennium Management has officially disclosed holdings of nearly $2 billion in spot Bitcoin ETFs, highlighting the…

A Bitcoin (BTC) user made a blunder by accidentally sending almost his entire BTC balance to an address associated with Satoshi Nakamoto, the enigmatic creator of Bitcoin. According to the on-chain analytic platform Arkham Intelligence, the user was trying to sacrifice an ordinal for PUPS—a BRC-20 meme coin in the Bitcoin blockchain. The Bitcoin User Error Sparks Community Speculations However, the user incorrectly entered Satoshi Nakamoto’s address instead of the intended one. As a result, they sent over $7,000 worth…

Bitcoin ETFs have become more popular than gold ETFs among professional firms. Institutional investors now hold over $11 billion in Bitcoin ETFs, driven by the potential for high returns. Exchange-traded funds (ETFs) backed by Bitcoin have surpassed traditional gold ETFs in popularity among professional firms, marking a dramatic transformation in the investment environment. This trend shows that institutional investors are becoming more confident about digital assets, as revealed by recent data. Spot Bitcoin ETFs were present in the 13F filings…

Wisconsin Investment Board buys Bitcoin, marking a big step in institutional adoption. SWIB manages over $156 billion, diversifying with a $64 million investment in Grayscale’s Bitcoin Trust. The State of Wisconsin Investment Board (SWIB) recently disclosed significant investments in spot Bitcoin exchange-traded funds (ETFs) offered by Grayscale and BlackRock. According to a filing with the U.S. Securities and Exchange Commission (SEC) on May 14, SWIB revealed holdings of more than 2.4 million shares in the BlackRock iShares Bitcoin Trust (IBIT)…

As the crypto landscape evolves, even Bitcoin investors seek alternative opportunities. Among the thousands of altcoins on the market, PawFury is capturing significant attention.   While Bitcoin maintains its market dominance, investors increasingly seek alternative opportunities to buy into. Among the myriad options, newbie memecoin PawFury has become a popular choice. Let us explore why Bitcoin investors are foraying into this particular coin.  Bitcoin’s Influence on the Crypto Market Bitcoin is the flagship crypto and has become synonymous with the industry.…

QCP Capital, a prominent institutional-focused firm, has recently projected that Bitcoin could revisit its peak price levels, potentially reaching up to $74,000 shortly. This prediction follows the latest United States Consumer Price Index (CPI) data, which has significantly boosted risk assets. The firm noted that the positive surge in the market is partly due to the renewed buy-side demand, as evidenced by the buying patterns that resemble those of Exchange-Traded Fund (ETF) market makers. Institutional Inflows And Market Indicators Point…

After Wednesday’s big upward price surge, the bitcoin (BTC) price paused for breath on Thursday. A successful retest of $65,500 has taken place. Will this be the platform for the next leg upward? Price consolidation Bitcoin entered much calmer waters on Thursday. After the 7.6% rally seen on Wednesday, the $BTC price is currently consolidating above the important support at $65,500. A retest of this support has been made, but there is still leeway for a descent to $64,000 or…

Bitcoin (BTC) closed the daily candle with a robust 7.5% gain, signaling strong bullish momentum. Let’s examine why the $60,000 price has been a crucial entry point for investors and traders. Bitcoin Price Analysis: Breaking Down Key Technical Indicators The price is currently navigating within the daily Ichimoku Cloud, a critical technical indicator of market sentiment. A breakout above the cloud’s upper boundary would signify a potential continuation of the upward trend. Conversely, the cloud’s lower boundary around $62,000 and…

Bitcoin surged above important resistance levels on Wednesday, and is currently trading at just under $66,000. Has the bull market now resumed, or will this be another fake rally? A glorious surge A glorious 7.6% surge from $BTC took place on Wednesday. Not only did this mean that the beleaguered support at $61,000 did its job and held solid, but also that the $63,000 resistance was shattered. Wednesday’s price action has printed a long green engulfing candle on the daily,…