Bitcoin

Here’s How Much Bitcoin and Ethereum the US Govt Holds: Data

Here’s How Much Bitcoin and Ethereum the US Govt Holds: Data

Over the past decade or so, countries around the world have resorted to seizing cryptocurrencies. The United States government stands at the forefront, boasting crypto holdings of almost $15.27 billion. This substantial stash includes 212.847k BTC and 45.654k ETH. US Leads with Holdings of $15.27B Silk Road is perhaps the most infamous case where the […]

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Bitcoin (BTC) Could Witness Further Price Declines if This Happens

Bitcoin (BTC) Could Witness Further Price Declines if This Happens

A CryptoQuant analyst has revealed that Bitcoin (BTC) still faces the risk of a deeper price correction even as the halving event draws near. According to a Quicktake by Gaah on the on-chain analysis platform, the crypto market is still hot as it is in a dangerous price region for leveraged traders. Significant pressure could

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BlackRock’s Spot Bitcoin ETF Surpasses Another Massive Milestone: Details

BlackRock’s Spot Bitcoin ETF Surpasses Another Massive Milestone: Details

BlackRock’s IBIT spot Bitcoin exchange-traded fund (ETF) has crossed the $15 billion mark in total inflows, a new high since it began trading on January 11. However, the overall daily inflows for spot Bitcoin ETFs have been decelerating since their peak on March 12, when they were $1.05 billion. BlackRock’s IBIT Daily Inflows Surge BlackRock’s

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Bitcoin (BTC) Becomes Even More Secure Just Days Ahead of 2024 Halving

Bitcoin (BTC) Becomes Even More Secure Just Days Ahead of 2024 Halving

Bitcoin is all set to undergo halving later this month. With less than 10 days away, the network has reached yet another crucial milestone. The latest stats compiled by CoinWarz revealed a record-breaking mining difficulty for Bitcoin, peaking at 86.39 trillion. Over the last week, it climbed by 3.92%, and within the last month, it

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Spot Bitcoin ETFs Outflow Net $224M Despite BTC’s Jump Above $72K

Spot Bitcoin ETFs Outflow Net $224M Despite BTC’s Jump Above $72K

Monday, April 8, saw an aggregate outflow of $224 million from the newly launched eleven spot Bitcoin ETFs, according to preliminary data from Farside Investors. This reverses four days of inflows, during which a total net of $570 million flowed into the institutional investment products. This week’s outflow was again exacerbated by Grayscale, which saw

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Ethena Labs Adds Bitcoin Backing to its Synthetic Dollar-pegged USDe

Ethena Labs Adds Bitcoin Backing to its Synthetic Dollar-pegged USDe

Ethena Labs, the creators of USDe, have incorporated Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. This move aims to scale USDe’s supply from its current $2 billion mark. BTC to Boost Scalability and Liquidity The announcement, made through an April 4 thread on X, highlighted the strategic importance of incorporating BTC as a

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Bitcoin Investment Products Ended March With Inflows of $865M Amid Renewed Interest

Bitcoin Investment Products Ended March With Inflows of $865M Amid Renewed Interest

Digital asset investment products experienced a positive shift in sentiment during the last week of March, with inflows reaching $862 million, nearly recovering from the previous week’s record outflows of $931 million. Despite this encouraging rebound, CoinShares revealed that ETF activity appears to be slowing down. In fact, the latest data shows that the daily

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Bitcoin Miners Score Record Monthly Revenues At Over $2 Billion

Bitcoin Miners Score Record Monthly Revenues At Over $2 Billion

The Bitcoin mining industry had its most lucrative month ever in March, pocketing over $2 billion for securing the leading crypto network. Data from Blockchain.com shows that miners, in aggregate, averaged $65.23 million per day over the 30 days ending March 31. Miners In Massive Profit The latest figure shatters the 30-day averages of the

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