Binance has released its Proof-of-Reserves (PoR) report for September 2024, and it reveals a big struggle for the cryptocurrency market during the month. The report marks the 23rd update on Binance's reserves and shows notable declines in Bitcoin, Ethereum, and Tether held by the exchange. According to the report, 9,577 ...
Recent data from blockchain analytics firm Arkham Intelligence reveals that a cryptocurrency wallet associated with the German government still holds approximately 38,488 Bitcoin (BTC), valued at about $2.19 billion. This substantial holding comes despite the German government's recent sales of Bitcoin, which have contributed to market volatility. Activity of the ...
Japanese investment firm MetaPlanet has significantly increased its Bitcoin (BTC) holdings, purchasing 42.47 BTC for over 400 million yen (approximately $2.8 million USD), according to a press release issued on Monday, July 8, 2024. This acquisition brings the firm's total Bitcoin assets to 203.743 BTC, valued at about 2.05 billion ...
On Wednesday, July 3, 2024, the 11 US-based spot Bitcoin exchange-traded funds (ETFs) experienced a modest daily net outflow of $20.5 million, according to data from Farside Investors. This development comes amid a notable decrease in overall trading volume. The day's trading activity was characterized by minimal movement across most ...
The U.S. spot Bitcoin ETF market began July with a significant boost, as net inflows reached a promising $129 million on the trading day ending Monday, July 1, 2024. According to data released by Farside Investments on Tuesday, July 2, Fidelity Investments' $FBTC led the charge with a $65 million ...
US Spot Bitcoin Exchange-traded funds (ETFs) have recorded positive net flows for three consecutive days, closing Wednesday, June 27, 2024, with a total net inflow of $21.5 million. This development marks a potential shift in investor sentiment towards these funds. According to data from SoSoValue, Fidelity Investments' $FBTC led the ...
VanEck advisor Gabor Gurbacs has expressed his backing for Bitcoin as a reserve asset plan. The investment strategist explained, in a post on X, that the United States Dollar has no better alternative, adding that “countries with depreciating fiat currencies” should consider venturing into Bitcoin as a reserve currency rather ...
Bitcoin could be entering an attractive buy zone, according to two popular metrics used by cryptocurrency analysts to track on-chain trading activity. The Market Value to Realised Value (MVRV) and Open Interest (OI) weighted funding rate metrics suggest that Bitcoin, currently priced at $63,968, could be at an enticing entry ...
Bitcoin has recovered from its recent dip to the $55,000 support level; according to Coin Market Cap data, it now trades at around $64,800. Also, in tandem with Bitcoin, the price of Ether (ETH) dipped to $2862 in the last few days but has recovered with a quick spike, reaching ...
BlackRock's Spot Bitcoin exchange-traded fund (ETF) stands out as the only ETF that has consistently attracted inflows since the start of March 2024. While some other ETFs haven't experienced outflows, they've also seen no new assets flowing into their portfolios. Data from Farside Investors reveals that the top 11 US ...
